Insurance Product Development Manager

Placements24; Paarl; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Bonuses and stock options

Health, dental, and vision benefits

Fully remote work flexibility

Career development and leadership"

Job summary

Placements24 is seeking a visionary Product Development Manager to lead the creation and enhancement of an insurance product portfolio. This fully remote role involves ideation through launch, coordinating with actuarial, underwriting, marketing, and legal teams in a virtual setting, with coverage spanning Paarl, Western Cape, ZA and beyond.

You will drive market research, strategy, pricing, and lifecycle management while shaping the future of our insurance solutions for clients in the region

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or related field; MBA is a plus.
• Minimum 6 years in product management or product development within insurance.
• Proven track record of launching and managing insurance products.
• Strong understanding of insurance principles, regulations, and market dynamics.
• Excellent strategic thinking, market analysis, and business acumen.
• Exceptional leadership, communication, and interpersonal skills.
• Experience with cross-functional teams in a remote environment.
• Proficiency in project management tools and methodologies.
• Strong analytical and problem-solving abilities.

Responsibilities

• Lead ideation, design, and development of new insurance products and features.
• Conduct market research and competitive analysis to identify unmet needs.
• Define product strategy, roadmap, and go-to-market plans.
• Collaborate with actuarial, underwriting, and legal teams for viability and compliance.
• Develop pricing strategies and business cases for new initiatives.
• Manage the product lifecycle with performance monitoring and improvements.
• Create product documentation, training materials, and marketing collateral.
• Present product proposals to senior management and stakeholders.
• Stay abreast of industry trends, regulatory changes, and tech impacts.
• Foster innovation and continuous product improvement.

Skills

Strategic thinking

Market analysis

Leadership

Remote collaboration

Communication

Cross-functional teamwork

Project management

Problem solving

Requirement translation

Education

Bachelor's degree in Business/Marketing/Finance

MBA (advantage)

Tools

Project management tools

Job description

About the Role

Our client, a forward-thinking insurance innovator, is seeking a visionary Product Development Manager to lead the creation and enhancement of their insurance product portfolio. This is a fully remote position, offering the flexibility to contribute from anywhere while driving the strategic direction of our product offerings. You will be responsible for identifying market opportunities, conceptualizing new insurance products, and guiding them through the entire development lifecycle, from ideation to launch. This role requires a blend of market insight, strategic thinking, and a deep understanding of the insurance landscape. We are looking for a dynamic leader who can collaborate effectively with cross-functional teams, including actuarial, underwriting, marketing, and legal, in a virtual setting. Your expertise will be instrumental in shaping the future of our insurance solutions, serving clients in the region around Paarl, Western Cape, ZA and beyond.

Key Responsibilities

• Lead the ideation, design, and development of new insurance products and features.
• Conduct market research and competitive analysis to identify unmet needs and opportunities.
• Define product strategy, roadmap, and go-to-market plans.
• Collaborate closely with actuarial, underwriting, and legal teams to ensure product viability and compliance.
• Develop pricing strategies and business cases for new product initiatives.
• Manage the product lifecycle, including performance monitoring and iterative improvements.
• Create product documentation, training materials, and marketing collateral.
• Present product proposals and updates to senior management and stakeholders.
• Stay abreast of industry trends, regulatory changes, and emerging technologies impacting product development.
• Foster innovation and drive a culture of continuous product improvement.

Requirements

• A Bachelor's degree in Business, Marketing, Finance, or a related field; an MBA or equivalent is a plus.
• A minimum of 6 years of experience in product management or product development within the insurance industry.
• Proven track record of successfully launching and managing insurance products.
• Strong understanding of insurance principles, regulations, and market dynamics.
• Excellent strategic thinking, market analysis, and business acumen.
• Exceptional leadership, communication, and interpersonal skills.
• Experience working with cross-functional teams in a remote environment.
• Proficiency in project management tools and methodologies.
• Strong analytical and problem-solving abilities.
• Ability to translate complex requirements into actionable product plans.

Benefits

• Highly competitive annual salary of R.
• Performance-based bonuses and potential for stock options.
• Comprehensive health, dental, and vision benefits.
• Generous paid time off and holidays.
• Fully remote work flexibility.
• Opportunities for leadership development and career advancement.
• A dynamic and innovative work culture.
• Access to professional development resources and industry events.