Insurance Product Development Specialist

Placements24; Bloemfontein; Hybrid; ZAR 650,000 - 900,000; Full time

Benefits offered by this job

Bonuses

Hybrid work

Medical aid

Retirement fund

Training & growth

Job summary

Placements24 in Bloemfontein seeks an innovative Insurance Product Development Specialist to shape market-ready products for the Free State region. You will research trends, design offerings, and partner with actuarial, underwriting, legal, and marketing teams to bring ideas to life.

The ideal candidate has a relevant degree and at least four years in insurance product development, with strong analytical, project management, and communication skills.

Qualifications

• Bachelor's degree in Marketing, Finance, Actuarial Science or related field.
• Minimum of 4 years in insurance product development or management.
• Strong understanding of insurance principles, product design, and market dynamics.
• Excellent analytical, project management, and communication skills.
• Proven ability to work effectively in a cross-functional team environment.

Responsibilities

• Research market needs and trends to identify opportunities for new insurance products.
• Design, develop, and launch new insurance products with profitability and competitive positioning.
• Collaborate with actuarial, underwriting, legal, and marketing teams throughout the product lifecycle.
• Analyze product performance, customer feedback, and market data to recommend product enhancements.
• Ensure all development activities comply with regulatory requirements and company standards.

Skills

Analytical

Project management

Communication

Cross-functional teamwork

Education

Bachelor's degree (Marketing/Finance/Actuarial)

Job description

About the Role

Our client is seeking an innovative and strategic Insurance Product Development Specialist to join their team in Bloemfontein . This role is essential for creating and refining insurance products that meet market demands and align with the company's strategic goals. You will conduct market research, analyze competitor offerings, and collaborate with cross-functional teams to bring new products to life. As a key contributor to the Free State region's insurance market, you'll have the opportunity to shape the future of our client's offerings from their Bloemfontein headquarters. This position is perfect for someone with a keen understanding of the insurance sector and a passion for innovation.

Key Responsibilities

• Research market needs and trends to identify opportunities for new insurance products.
• Design, develop, and launch new insurance products, ensuring profitability and competitive positioning.
• Collaborate with actuarial, underwriting, legal, and marketing teams throughout the product lifecycle.
• Analyze product performance, customer feedback, and market data to recommend product enhancements.
• Ensure all product development activities comply with regulatory requirements and company standards.

Requirements

• Bachelor's degree in Marketing, Finance, Actuarial Science, or a related field.
• Minimum of 4 years of experience in insurance product development or management.
• Strong understanding of insurance principles, product design, and market dynamics.
• Excellent analytical, project management, and communication skills.
• Proven ability to work effectively in a cross-functional team environment.

Benefits

• Competitive salary and performance-related bonuses.
• Hybrid work model providing flexibility and work-life balance.
• Comprehensive medical aid and retirement fund options.
• Opportunities for professional growth and advanced training in product management.
• A dynamic and forward-thinking environment within the Bloemfontein office.