Insurance Product Development Manager

Placements24; Stellenbosch; Híbrido; ZAR 900.000 - 1.300.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Competitive salary and bonuses

Medical aid and retirement fund

Hybrid work arrangement

Growth and leadership development

Relocation assistance may be available

Descripción de la vacante

Placements24 in Paarl, Western Cape is seeking an Insurance Product Development Manager to lead the ideation, design, and launch of innovative insurance products. You will partner with marketing, actuarial, legal and sales to ensure viability, profitability and compliance.

The role demands strategic thinking, strong PM skills, and a track record of launching successful insurance products in dynamic markets. Hybrid work arrangement offered in the Western Cape region.

Formación

• Bachelor's degree in Business, Marketing, Finance or related field.
• MBA or relevant postgraduate qualification is a plus.
• Minimum of 5 years in product management or development, preferably within the insurance industry.
• Proven track record of successfully launching new insurance products.
• Strong understanding of life, health, short-term insurance and market dynamics.
• Excellent project management, analytical, and problem-solving skills.
• Outstanding communication, presentation and interpersonal skills.
• Ability to collaborate effectively with cross-functional teams.
• Familiarity with South African insurance regulations and compliance standards.
• Strategic thinking and a creative approach to product development.
• Demonstrated leadership capabilities.

Responsabilidades

• Lead end-to-end process of developing and launching new insurance products.
• Conduct market research and competitor analysis to identify opportunities for product innovation.
• Define product features, benefits, pricing strategies, and target markets.
• Collaborate with actuarial teams to ensure product profitability and sustainability.
• Work with legal and compliance teams to ensure regulatory requirements are met.
• Develop product positioning, messaging, and go-to-market strategies with marketing.
• Train sales and customer service teams on new product features and benefits.
• Monitor product performance post-launch and implement improvements.
• Manage project timelines, budgets, and resources effectively.
• Stay informed about industry trends, customer needs, and regulatory changes.

Conocimientos

Project management

Market research

Product development

Leadership

Stakeholder management

Communication

Educación

Bachelor's degree

MBA

Herramientas

Project management software

Market research tools

Descripción del empleo

About the Role

Our client, a forward-thinking insurance organization, is seeking an innovative and strategic Insurance Product Development Manager to lead their product innovation efforts in Paarl, Western Cape . This role is pivotal in conceptualizing, designing, and launching new insurance products that meet evolving market demands and customer needs. You will collaborate closely with marketing, sales, actuarial, and legal teams to ensure product viability, profitability, and regulatory compliance. The ideal candidate has a strong understanding of the insurance landscape, a passion for innovation, and proven project management skills. This position offers the opportunity to shape the future of our product offerings.

We provide a stimulating work environment where creativity and strategic thinking are highly valued. Working in the picturesque region of Paarl offers a unique work-life balance. You will be instrumental in driving growth and maintaining our competitive edge in the market. This role requires a leader who can navigate complex projects from ideation through to successful market launch, ensuring alignment with business objectives. We are committed to empowering our employees and providing them with the resources to excel in their roles within the vibrant Western Cape insurance sector.

Key Responsibilities

• Lead the end-to-end process of developing and launching new insurance products.
• Conduct market research and competitor analysis to identify opportunities for product innovation.
• Define product features, benefits, pricing strategies, and target markets.
• Collaborate with actuarial teams to ensure product profitability and sustainability.
• Work with legal and compliance teams to ensure all products meet regulatory requirements.
• Develop product positioning, messaging, and go-to-market strategies with the marketing team.
• Train sales and customer service teams on new product features and benefits.
• Monitor product performance post-launch and implement improvements as needed.
• Manage project timelines, budgets, and resources effectively.
• Stay informed about industry trends, customer needs, and regulatory changes impacting product development.

Requirements

• A Bachelor's degree in Business, Marketing, Finance, or a related field.
• An MBA or relevant postgraduate qualification is a plus.
• Minimum of 5 years of experience in product management or development, preferably within the insurance industry.
• Proven track record of successfully launching new insurance products.
• Strong understanding of various insurance lines (e.g., life, health, short-term) and market dynamics.
• Excellent project management, analytical, and problem-solving skills.
• Outstanding communication, presentation, and interpersonal skills.
• Ability to collaborate effectively with cross-functional teams.
• Proficiency in market research tools and project management software.
• Familiarity with South African insurance regulations and compliance standards.
• Strategic thinking and a creative approach to product development.
• Demonstrated leadership capabilities.

Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive medical aid and retirement fund benefits.
• Significant opportunities for professional growth and leadership development.
• Generous annual leave and paid time off.
• Dynamic and innovative work environment.
• Opportunity to shape the future of insurance products in the Western Cape .
• Collaborative team culture focused on shared success.
• Hybrid work arrangement for enhanced work-life balance.
• Access to industry conferences and training programs.
• Relocation assistance may be considered for exceptional candidates.