Life Insurance Product Developer

Placements24; Mossel Bay; Presencial; ZAR 900.000 - 1.350.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Comprehensive health benefits

Retirement savings plan with company-m

Generous annual leave and sick leave

Descripción de la vacante

Placements24 is seeking a Life Insurance Product Developer in Mossel Bay, Western Cape. This role focuses on developing and managing life insurance products, ensuring regulatory compliance and profitability.

Collaboration with actuarial, legal, marketing, and sales teams is essential to deliver market-ready offerings. The ideal candidate has 5+ years in life insurance product development, strong analytical abilities, and a proactive, creative mindset to drive product innovation and lifecycle

Formación

• Minimum of 5 years of experience in product development or product management within life insurance.
• Strong understanding of life insurance products, market dynamics, and regulatory frameworks.
• Excellent analytical and interpretive skills for financial data and market research.
• Proven ability to manage projects and coordinate across cross-functional teams.

Responsabilidades

• Conceptualize, design, and develop new life insurance products from ideation to launch.
• Conduct market research and competitor analysis to identify opportunities and gaps.
• Collaborate with actuarial, legal, compliance, marketing, and sales teams through product lifecycle.
• Ensure products comply with industry regulations and legislation.
• Develop product specs, pricing models, and policy documentation.
• Manage and monitor performance of existing product lines.
• Analyze product performance data and recommend improvements.
• Create training materials and support sales teams on new features.

Conocimientos

Analytical skills

Project management

Communication

Interpersonal skills

Team collaboration

Educación

Bachelor's degree in Finance, Business Administration, Marketing

Descripción del empleo

About the Role Our client, a distinguished leader in the financial services sector, is actively searching for an innovative and analytical Life Insurance Product Developer to join their esteemed team in Mossel Bay, Western Cape. This dynamic role is central to the development and management of new and existing life insurance products, ensuring they meet market demands, regulatory requirements, and profitability goals. The ideal candidate will possess a deep understanding of the life insurance landscape, strong market research capabilities, and a talent for translating complex concepts into user-friendly product offerings. This is a significant opportunity to shape the product portfolio of a reputable organization and drive strategic growth. We are seeking a forward-thinking individual who can contribute creatively and analytically to our product innovation initiatives. The role requires collaboration across various departments to ensure successful product launches and ongoing lifecycle management.

Key Responsibilities

• Conceptualize, design, and develop new life insurance products from ideation to launch.
• Conduct in-depth market research and competitor analysis to identify product opportunities and gaps.
• Collaborate with actuarial, legal, compliance, marketing, and sales teams throughout the product development lifecycle.
• Ensure all new and updated products comply with relevant industry regulations and legislation.
• Develop product specifications, pricing models, and policy documentation.
• Manage the implementation and ongoing performance of existing product lines.
• Analyze product performance data and make recommendations for improvements or adjustments.
• Develop training materials and support sales teams on new product features and benefits.
• Stay abreast of industry trends, technological advancements, and customer needs in the life insurance market.
• Contribute to the strategic planning of the product roadmap.

Requirements

• Minimum of 5 years of experience in product development, product management, or a related role within the life insurance industry.
• Comprehensive understanding of life insurance products, market dynamics, and regulatory frameworks.
• Strong analytical skills with the ability to interpret financial data and market research.
• Excellent project management and organizational skills.
• Superior communication, presentation, and interpersonal skills.
• Proven ability to work collaboratively across diverse teams.
• Bachelor's degree in Finance, Business Administration, Marketing, or a related field.
• Experience with product modelling software is an advantage.
• Knowledge of compliance and risk management within financial services.
• A proactive and results-oriented approach with a creative mindset.

Benefits

• Competitive annual salary package reflecting expertise and experience.
• Comprehensive health and wellness benefits.
• Retirement savings plan with company matching.
• Generous annual leave and sick leave provisions.
• Opportunities for professional development, certifications, and attending industry conferences.
• A stimulating work environment in the picturesque setting of Mossel Bay, Western Cape.
• Potential for performance bonuses and long-term incentives.
• Involvement in strategic product innovation and market expansion.
• Employee discount programs.
• Relocation assistance may be available for exceptional candidates.