Lead Insurance Product Developer (Remote)

Placements24; George; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Placements24 is seeking a visionary Lead Insurance Product Developer for a remote role in South Africa. You will spearhead ideation, design, development and launch of insurance products, aligning with strategic objectives and regulatory requirements.

The ideal candidate brings 7+ years in insurance product development, strong leadership, and the ability to drive cross-functional teams in a remote environment while shaping product strategy and pricing.

Qualifications

• 7+ years of experience in insurance product development or management.
• Proven track record of launching and managing insurance products.
• Deep understanding of life, non-life, health insurance lines.
• Strong analytical, strategic thinking and problem-solving abilities.

Responsibilities

• Lead the end-to-end product development lifecycle for new and existing insurance products.
• Conduct market research and competitor analysis to identify opportunities and gaps.
• Define product vision, strategy, and roadmap in alignment with business objectives.
• Collaborate with actuarial, underwriting, legal, and marketing teams to design product features and specifications.
• Develop pricing strategies and profitability models for new and existing products.
• Ensure product compliance with regulatory requirements and industry standards.
• Oversee the successful launch and ongoing management of insurance products.
• Gather customer feedback and market intelligence to drive product improvements.
• Mentor and guide junior product development team members in a virtual setting.
• Present product strategies and performance reports to senior management.

Skills

Leadership

Analytical thinking

Stakeholder management

Remote team leadership

Education

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

Tools

Product management tools

Job description

About the Role

Our client, a forward-thinking insurance provider, is seeking an innovative and strategic Lead Insurance Product Developer to spearhead the creation and enhancement of their insurance product offerings. This fully remote position requires a visionary leader with extensive experience in product management and a profound understanding of the insurance landscape. You will be responsible for driving product strategy, from ideation and market research to design, development, and successful launch. Operating in a remote-first capacity, this role offers unparalleled flexibility and the opportunity to shape the future of insurance products from anywhere in South Africa. We are dedicated to fostering a collaborative and dynamic virtual workspace where your leadership and expertise will be highly valued. This is a unique chance to innovate within the insurance sector, influence market trends, and contribute significantly to our client's growth and success while enjoying the autonomy and convenience of a remote role. The ideal candidate will possess strong analytical acumen and a passion for developing cutting-edge insurance solutions.

Key Responsibilities

• Lead the end-to-end product development lifecycle for new and existing insurance products.
• Conduct market research and competitor analysis to identify opportunities and gaps.
• Define product vision, strategy, and roadmap in alignment with business objectives.
• Collaborate with actuarial, underwriting, legal, and marketing teams to design product features and specifications.
• Develop pricing strategies and profitability models for new and existing products.
• Ensure product compliance with all relevant regulatory requirements and industry standards.
• Oversee the successful launch and ongoing management of insurance products.
• Gather customer feedback and market intelligence to drive product improvements.
• Mentor and guide junior product development team members in a virtual setting.
• Present product strategies and performance reports to senior management.

Requirements

• A minimum of 7 years of experience in insurance product development or management.
• Proven track record of successfully launching and managing insurance products.
• Deep understanding of various insurance lines of business (e.g., life, non-life, health).
• Strong analytical, strategic thinking, and problem-solving capabilities.
• Excellent leadership, communication, and stakeholder management skills.
• Experience with product management tools and methodologies.
• Familiarity with regulatory frameworks governing the insurance industry.
• A Bachelor's or Master's degree in Business, Finance, Actuarial Science, or a related field.
• Ability to work autonomously and lead a remote team effectively.
• Demonstrated ability to adapt to a fast-paced, evolving market.

Benefits

• Attractive salary and performance-based bonuses.
• Significant autonomy and influence over product strategy.
• Opportunity to work remotely from any location within South Africa.
• Professional development and career advancement opportunities.
• Collaborative and innovative virtual team environment.
• Contribution to a leading and respected insurance company.
• Comprehensive health and wellness support programs.