Insurance Product Development Manager

Placements24; LegKraal Gate; Hybrid; ZAR 1,200,000 - 1,600,000; Full time

Benefits offered by this job

Performance bonuses

Health insurance

Retirement plan

Job summary

Placements24 is seeking an Insurance Product Development Manager in Mahikeng to lead the design and lifecycle management of our insurance portfolio. You will drive market research, product design, pricing, and cross-functional collaboration to keep offerings competitive and compliant.

The role requires 6+ years in product management/ development within insurance, a business or finance background, and strong leadership to guide underwriting, actuarial, marketing, and sales teams.

Qualifications

• Bachelor’s degree in Business, Finance, Marketing or related field; MBA is a plus.
• Minimum 6 years in product management or development, preferably in insurance.
• Strong understanding of insurance products, market dynamics and regulatory frameworks.

Responsibilities

• Conduct market research and competitive analysis to identify opportunities.
• Design, develop, and launch innovative insurance products from concept to market.
• Manage product lifecycle, including performance monitoring and pricing adjustments.
• Collaborate with underwriting, actuarial, marketing and sales teams for implementation.
• Develop product strategies, roadmaps and business cases for stakeholder buy-in.
• Ensure regulatory compliance and adherence to company standards.

Skills

Market research

Product management

Cross-functional leadership

Strategic thinking

Analytical skills

Communication skills

Regulatory understanding

Education

Bachelor's degree

MBA

Job description

About the Role

Our client is seeking a strategic and innovative Insurance Product Development Manager to lead the creation and enhancement of their insurance product portfolio in Mahikeng . You will be responsible for market research, product design, and lifecycle management to ensure our offerings remain competitive and meet evolving customer needs within the insurance sector. This is a leadership role requiring a blend of market insight, strategic thinking, and cross-functional collaboration.

Key Responsibilities

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Design, develop, and launch innovative insurance products from concept to market.
• Manage the product lifecycle, including performance monitoring, pricing adjustments, and feature enhancements.
• Collaborate with underwriting, actuarial, marketing, and sales teams to ensure successful product implementation.
• Develop product strategies, roadmaps, and business cases to gain stakeholder buy-in.
• Ensure all products comply with regulatory requirements and company standards.

Requirements

• Bachelor's degree in Business, Finance, Marketing, or a related field; MBA is a plus.
• Minimum 6 years of experience in product management or product development, ideally within the insurance industry.
• Strong understanding of insurance products, market dynamics, and regulatory frameworks.
• Demonstrated success in launching and managing profitable insurance products.
• Excellent strategic thinking, analytical, and communication skills.
• Proven ability to lead cross-functional teams and manage complex projects.

Benefits

• Attractive executive-level salary and performance-based bonuses.
• Key role in shaping the future of the company's insurance offerings.
• Comprehensive benefits package including health, retirement, and life insurance.
• Opportunities for professional development and executive training.
• A dynamic and collaborative work environment in Mahikeng .