Lead Insurance Product Developer

Placements24; Sandton; Hybrid; ZAR 1,000,000 - 1,400,000; Full time

Benefits offered by this job

Hybrid work model

Executive health, life, and retirement

Career advancement opportunities

Job summary

Placements24 in Sandton is seeking a Lead Insurance Product Developer to spearhead the design and launch of new insurance offerings. You will guide product development from conception through market introduction, leading a cross-functional team and coordinating with actuarial, pricing, and marketing functions.

The role demands deep knowledge of insurance principles, regulatory compliance, and market analysis, with a track record of successful product launches.

Qualifications

• Extensive experience in insurance product development or management.
• Deep understanding of underwriting, claims, and actuarial concepts.
• Strong market analysis, strategic thinking, and project management skills.

Responsibilities

• Lead the end-to-end development lifecycle of new insurance products, from ideation to launch.
• Conduct comprehensive market research and competitive analysis to identify product opportunities.
• Collaborate with actuarial teams to develop appropriate pricing models and ensure profitability.
• Ensure all new products meet regulatory requirements and compliance standards.
• Develop product specifications, marketing materials, and training resources for sales teams.
• Manage project timelines, budgets, and cross-functional team coordination effectively.

Skills

Insurance product dev

Market research

Pricing models

Regulatory compliance

Leadership

Project management

Actuarial concepts

Education

Bachelor's or Master's in Business/Finance/Actuarial Science

Job description

About the Role

Our client, a leading innovator in the insurance sector located in Sandton , is searching for a dynamic Lead Insurance Product Developer to spearhead the design and launch of new insurance products. This critical role involves market research, risk assessment, pricing strategies, and ensuring regulatory compliance for all new offerings. You will lead a cross-functional team, guiding product development from conception through to market introduction. This position offers a stimulating hybrid work environment, allowing for collaborative in-office sessions and focused remote work, contributing to the company's cutting-edge product portfolio in the competitive Gauteng market.

Key Responsibilities

• Lead the end-to-end development lifecycle of new insurance products, from ideation to launch.
• Conduct comprehensive market research and competitive analysis to identify product opportunities.
• Collaborate with actuarial teams to develop appropriate pricing models and ensure profitability.
• Ensure all new products meet regulatory requirements and compliance standards.
• Develop product specifications, marketing materials, and training resources for sales teams.
• Manage project timelines, budgets, and cross-functional team coordination effectively.

Requirements

• Extensive experience in insurance product development or management, with a proven track record of successful product launches.
• Deep understanding of insurance principles, underwriting, claims, and actuarial concepts.
• Strong market analysis, strategic thinking, and project management skills.
• Excellent leadership and team collaboration abilities.
• Proficiency in regulatory compliance within the financial services and insurance sectors.
• Bachelor's or Master's degree in Business, Finance, Actuarial Science, or a related field.

Benefits

• Exceptional annual salary with a substantial performance-based bonus plan.
• Comprehensive executive health, life, and retirement benefits package.
• Hybrid work model providing a blend of office collaboration and remote flexibility in Sandton .
• Significant opportunities for leadership development and career advancement.
• Access to industry-leading resources and a dynamic innovative work culture.