Lead Insurance Product Developer

Placements24; Gqeberha; Hybrid; ZAR 1,200,000 - 2,100,000; Full time

Benefits offered by this job

Health & wellness program

Executive salary

Retirement plan

Performance bonuses

Professional development

Hybrid work model

Job summary

Placements24 in Port Elizabeth, Eastern Cape, seeks a Lead Insurance Product Developer to drive product innovation and strategy. You will lead end-to-end development, define pricing and features, and ensure regulatory compliance throughout the life cycle.

The role collaborates with actuarial, underwriting, marketing, and legal teams, translating market insights into market-ready products in a hybrid work setup.

Qualifications

• Bachelor's degree in Business Administration, Marketing, Finance, or a related field.
• A Master's degree is a plus.
• Minimum of 7 years of experience in insurance product development, management, or a related role.
• Proven track record of successfully launching new insurance products.
• Strong understanding of insurance principles, market dynamics, and regulatory landscapes.
• Excellent analytical, strategic thinking, and project management skills.
• Exceptional communication, negotiation, and interpersonal skills.
• Experience leading and motivating cross-functional teams.
• Proficiency in market research techniques and data analysis.
• Ability to thrive in a hybrid work environment.

Responsibilities

• Lead the end-to-end product development lifecycle from ideation to launch and post-launch analysis.
• Conduct market analysis to identify opportunities for new insurance products and market segments.
• Collaborate with actuarial teams to define features, pricing structures, and profitability targets.
• Work with underwriting to establish guidelines and ensure products are insurable.
• Ensure all product designs comply with regulatory requirements and company policies.
• Develop comprehensive product specifications, documentation, and training materials.
• Manage cross-functional teams throughout the product development process.
• Analyze product performance metrics and implement adjustments or enhancements.
• Present product strategies and roadmaps to senior management.
• Stay informed about industry trends, competitor offerings, and emerging technologies.

Skills

Analytical thinking

Strategic planning

Project management

Communication

Negotiation

Interpersonal skills

Cross-functional leadership

Market research

Data analysis

Education

Bachelor's degree in Business Administration/Finance/Marketing

Master's degree (advantage)

Job description

About the Role

Our client, a dynamic and innovative insurance company, is seeking an experienced Lead Insurance Product Developer to spearhead product innovation and strategy in Port Elizabeth, Eastern Cape . This senior role involves leading the design, development, and implementation of new insurance products and enhancements to existing offerings, ensuring they meet market demands and regulatory requirements. The ideal candidate will possess a deep understanding of the insurance lifecycle, market trends, and customer needs. This position offers a hybrid work arrangement, combining the benefits of in-office collaboration with remote flexibility. You will work closely with actuarial, underwriting, marketing, and legal teams to bring cutting‑edge products to market. The company fosters a culture of creativity and continuous improvement, making this an exciting opportunity for a product visionary.

Key Responsibilities

• Lead the end-to-end product development lifecycle, from ideation and market research to launch and post-launch analysis.
• Conduct thorough market analysis to identify opportunities for new insurance products and market segments.
• Collaborate with actuarial teams to define product features, pricing structures, and profitability targets.
• Work with underwriting to establish guidelines and ensure products are insurable.
• Ensure all product designs comply with regulatory requirements and company policies.
• Develop comprehensive product specifications, documentation, and training materials.
• Manage cross-functional teams throughout the product development process.
• Analyze product performance metrics and implement necessary adjustments or enhancements.
• Present product strategies and roadmaps to senior management.
• Stay informed about industry trends, competitor offerings, and emerging technologies impacting insurance products.

Requirements

• A Bachelor's degree in Business Administration, Marketing, Finance, or a related field.
• A Master's degree is a plus.
• Minimum of 7 years of experience in insurance product development, management, or a related role.
• Proven track record of successfully launching new insurance products.
• Strong understanding of insurance principles, market dynamics, and regulatory landscapes.
• Excellent analytical, strategic thinking, and project management skills.
• Exceptional communication, negotiation, and interpersonal skills.
• Experience leading and motivating cross-functional teams.
• Proficiency in market research techniques and data analysis.
• Ability to thrive in a hybrid work environment.

Benefits

Our client offers a competitive executive salary, a comprehensive health and wellness program, a generous retirement plan, and performance-based bonuses. Opportunities for professional development, including industry conferences and advanced training, are readily available. This role provides significant scope for impact and career growth within a reputable and expanding insurance provider. The hybrid work model promotes a healthy work-life balance.