Policy Development Manager

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

Benefits offered by this job

Medical aid

Pension fund

Relocation assistance

Executive training

Job summary

Placements24 is seeking a Policy Development Manager in Rustenburg, North West, to lead policy formulation for innovative insurance products. You will oversee design, development, and implementation of new policies while enhancing existing ones, coordinating with actuarial, legal, marketing and operations.

The ideal candidate will have a Master’s in a related field and at least 7 years in insurance policy design or underwriting management, with a proven launch track record and strong regulatory

Qualifications

• Master's degree required with strong focus on policy or product development.
• 7+ years in insurance with policy design or underwriting management is expected.
• Proven track record launching new insurance products and maintaining regulatory compliance.

Responsibilities

• Lead research and development of new insurance products and policy wordings.
• Analyze market trends and customer needs to identify development opportunities.
• Collaborate with actuarial, legal, marketing, and operations to ensure viability and compliance.
• Oversee implementation and launch of new products.
• Review policy wordings for clarity and regulatory alignment.
• Manage product lifecycle from ideation to post-launch review.
• Develop business cases and financial projections for new initiatives.
• Ensure documentation is clear and legally sound.

Skills

Policy development

Strategic thinking

Leadership

Stakeholder management

Research skills

Education

Master's degree in Business Administration, Law, Finance, or related field

Job description

About the Role

Our client, a forward-thinking insurance firm, is seeking an innovative and strategic Policy Development Manager to lead their policy formulation efforts in Rustenburg, North West . This senior position requires a visionary leader who can shape the future of our insurance products, ensuring they remain competitive and relevant in a rapidly evolving market. You will be responsible for overseeing the design, development, and implementation of new insurance policies and the enhancement of existing ones. The ideal candidate will have a strong grasp of insurance principles, regulatory frameworks, and market dynamics. This is a unique opportunity to make a significant impact on the company's product portfolio and strategic direction. We are looking for a candidate with exceptional research, analytical, and project management skills. This role is crucial for maintaining our market position and driving future growth in the North West region.

Key Responsibilities

• Lead the research and development of new insurance products and policy wordings.
• Analyze market trends, competitor offerings, and customer needs to identify product development opportunities.
• Collaborate with actuarial, legal, marketing, and operations teams to ensure product viability and compliance.
• Oversee the implementation and launch of new insurance products.
• Review and update existing policy wordings to ensure clarity, accuracy, and compliance with evolving regulations.
• Manage the product lifecycle, from ideation and design to launch and post-launch review.
• Develop business cases and financial projections for new product initiatives.
• Ensure all policy documentation is clear, concise, and legally sound.
• Stay abreast of legislative changes and industry best practices related to insurance policy development.
• Present policy proposals and recommendations to senior management.

Requirements

• Master's degree in Business Administration, Law, Finance, or a related field.
• Minimum of 7 years of experience in the insurance industry, with a significant focus on product development, policy design, or underwriting management.
• Proven experience in successfully launching new insurance products.
• In-depth knowledge of insurance regulations and compliance requirements.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Strong project management and leadership abilities.
• Exceptional written and verbal communication skills, with the ability to articulate complex concepts clearly.
• Experience working with cross-functional teams.
• Familiarity with the insurance market in Rustenburg and the wider North West province is a plus.

Benefits

Our client offers an attractive executive compensation package, including a competitive salary, performance bonuses, and comprehensive benefits such as medical aid, a generous pension fund, and relocation assistance if necessary. Opportunities for continuous professional development and executive training are provided. Join a progressive company that fosters innovation and rewards talent. This position offers a chance to shape the future of insurance products from our strategic location in Rustenburg , North West .