Insurance Product Development Manager

Placements24; Upington; Hybrid; ZAR 1,647,000 - 2,305,000; Full time

Benefits offered by this job

Fully remote

Competitive salary + bonus

Health, dental, vision

Retirement plan

Professional development

Job summary

Placements24 seeks an innovative Insurance Product Development Manager to lead creation and enhancement of insurance offerings. This remote role lets you influence strategy from anywhere while driving product lifecycle from concept to launch.

You will collaborate with actuarial, marketing, sales, and legal teams to ensure competitive, profitable, and compliant products, leveraging deep industry knowledge and strong analytical skills to fuel growth.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, Insurance, or related field; MBA preferred.
• Minimum of 6 years in product management or development within insurance.
• Proven track record of launching insurance products.
• Strong understanding of insurance operations, underwriting, and claims.
• Excellent analytical, strategic thinking and problem-solving.
• Excellent project management and cross-functional leadership.
• Superior communication and presentation skills for remote leadership.
• Familiarity with product development methodologies and tools.
• Ability to work independently and manage multiple priorities remotely.

Responsibilities

• Conduct market research and competitive analysis to identify product development opportunities.
• Define product strategy, features, and roadmaps based on market trends and customer needs.
• Lead cross-functional teams through the product development lifecycle.
• Develop business cases and financial models for new and existing insurance products.
• Ensure all product designs comply with regulatory requirements and company policies.
• Collaborate with marketing and sales teams to develop effective go-to-market strategies.
• Monitor product performance post-launch and identify areas for improvement.
• Manage vendor relationships related to product development and implementation.
• Present product proposals and updates to senior management.
• Foster a culture of innovation within the product development team.

Skills

Product management

Strategic thinking

Analytical skills

Cross-functional leadership

Remote leadership

Education

Bachelor's degree in Business, Marketing, Finance, Insurance, or related field

MBA preferred

Job description

About the Role

Our client is looking for an innovative and strategic Insurance Product Development Manager to lead the creation and enhancement of their insurance offerings. This role is fully remote, allowing you to contribute your expertise from anywhere. You will be responsible for researching market needs, identifying opportunities, and managing the entire lifecycle of new insurance products, from concept to launch. This includes collaborating with cross-functional teams such as actuarial, marketing, sales, and legal to ensure products are competitive, profitable, and compliant. The ideal candidate will possess a deep understanding of the insurance industry, strong analytical skills, and a proven ability to drive product innovation. This is a chance to make a significant impact on the company's growth and market position in the insurance sector.

Key Responsibilities

• Conduct market research and competitive analysis to identify product development opportunities.
• Define product strategy, features, and roadmaps based on market trends and customer needs.
• Lead cross-functional teams through the product development lifecycle.
• Develop business cases and financial models for new and existing insurance products.
• Ensure all product designs comply with regulatory requirements and company policies.
• Collaborate with marketing and sales teams to develop effective go-to-market strategies.
• Monitor product performance post-launch and identify areas for improvement.
• Manage vendor relationships related to product development and implementation.
• Present product proposals and updates to senior management.
• Foster a culture of innovation within the product development team.

Requirements

• Bachelor's degree in Business, Marketing, Finance, Insurance, or a related field; MBA preferred.
• Minimum of 6 years of experience in product management or product development within the insurance industry.
• Proven track record of successfully launching new insurance products.
• Strong understanding of insurance operations, underwriting, and claims processes.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional project management and cross-functional leadership abilities.
• Superior communication and presentation skills, vital for a remote leadership role.
• Familiarity with product development methodologies and tools.
• Ability to work independently and manage multiple priorities in a remote setting.

Benefits

• This is a fully remote position offering significant flexibility and the opportunity to work with a forward-thinking organization.
• Our client offers a highly competitive salary and bonus package, along with comprehensive health, dental, and vision insurance.
• A robust retirement savings plan and generous paid time off are included.
• Employees benefit from opportunities for continued professional development and leadership training.
• Join a dynamic team that values creativity and strategic insight, contributing to the innovation of insurance products from anywhere.