Product Development Manager - Short-Term Insurance

Placements24; Benoni; Hybrid; ZAR 900.000 - 1.300.000; Vollzeit

Zusammenfassung

Placements24 in Benoni is seeking a strategic Product Development Manager to lead the creation and enhancement of short-term insurance products. You will coordinate with underwriting, actuarial, marketing and claims to ensure profitability and competitive positioning, while guiding pricing, policy wording and regulatory compliance.

You will drive market analysis, business cases and roadmaps, balancing innovation with risk management.

Qualifikationen

• 5+ years in product management or development within short-term insurance.
• Proven track record of launching and managing insurance products.
• Strong understanding of short-term insurance principles, markets and regulation.
• Analytical, strategic thinking and problem-solving skills.
• Excellent communication and stakeholder management abilities.
• Able to collaborate with cross-functional teams.
• Experience in market research, financial analysis and business cases.
• Tertiary qualification in Business, Marketing, Finance or Insurance.
• Familiarity with InsurTech trends is advantageous.
• Ability to work in office and remotely.

Aufgaben

• Lead end-to-end product development lifecycle from ideation to launch and ongoing management.
• Conduct market research and competitor analysis to identify opportunities.
• Define product strategies, roadmaps and business cases aligned with objectives.
• Collaborate with actuarial teams to develop pricing structures and profitability models.
• Work with underwriting to define policy wordings, guidelines and risk appetite.
• Partner with marketing and sales to develop go-to-market strategies.
• Ensure product compliance with regulatory requirements and standards.
• Monitor product performance post-launch and gather feedback for improvement.
• Manage product portfolios and adjust to maintain competitiveness.
• Foster innovation and development of cutting-edge insurance solutions.

Kenntnisse

Product management

Market research

Stakeholder management

Pricing strategy

Regulatory compliance

Business case development

Cross-functional collaboration

Strategic thinking

InsurTech awareness

Ausbildung

Bachelor's in Business/Marketing/Finance/Insurance

Jobbeschreibung

About the Role

Our client, a leading innovator in the short-term insurance market, is seeking a dynamic and strategic Product Development Manager for their **Benoni** operations. This key role is responsible for conceiving, developing, and launching new insurance products and enhancing existing ones to meet evolving customer needs and market trends. You will collaborate closely with underwriting, marketing, actuarial, and claims teams to ensure product viability, profitability, and competitive positioning. The hybrid work model allows for strategic planning and team collaboration in the office, combined with focused, independent work remotely. We are looking for a visionary individual with a deep understanding of the short-term insurance landscape and a passion for creating market-leading solutions. This is an exciting opportunity to make a significant impact on our product portfolio and drive business growth from our **Benoni** hub.

Key Responsibilities

• Lead the end-to-end product development lifecycle for short-term insurance products, from ideation to launch and ongoing management.
• Conduct market research and competitor analysis to identify new product opportunities and market gaps.
• Define product strategies, roadmaps, and business cases, ensuring alignment with company objectives.
• Collaborate with actuarial teams to develop pricing structures and profitability models.
• Work with underwriting teams to define policy wordings, underwriting guidelines, and risk appetite.
• Partner with marketing and sales teams to develop go-to-market strategies and promotional materials.
• Ensure product compliance with all relevant regulatory requirements and industry standards.
• Monitor product performance post-launch, gathering customer feedback and market data for continuous improvement.
• Manage product portfolios, making adjustments and enhancements as needed to maintain competitiveness.
• Foster innovation and drive the development of cutting-edge insurance solutions.

Requirements

• Minimum of 5 years of experience in product management or development within the short-term insurance industry.
• Proven track record of successfully launching and managing new insurance products.
• Strong understanding of short-term insurance principles, markets, and regulatory frameworks.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication, presentation, and stakeholder management abilities.
• Demonstrated ability to collaborate effectively with cross-functional teams.
• Experience in market research, financial analysis, and business case development.
• A relevant tertiary qualification in Business, Marketing, Finance, or Insurance.
• Familiarity with digital insurance platforms and InsurTech trends is advantageous.
• Ability to work effectively in both an office environment and remotely.

Benefits

Our client offers a highly competitive salary, coupled with a comprehensive benefits package including private medical aid, a retirement annuity, and generous paid time off. The hybrid work arrangement provides flexibility and a sustainable work-life balance. Opportunities for professional growth, leadership development, and exposure to diverse aspects of the insurance business are abundant. Be part of a forward-thinking company that values innovation and employee contribution. Join our **Benoni** team and play a crucial role in shaping the future of short-term insurance products.