Product Manager

Standard Bank Group; Roodepoort; On-site; ZAR 750,000 - 1,200,000; Full time

Job summary

A leading Africa-focused financial services group is seeking a Senior Product Manager to lead product strategies in the Short-Term Commercial Insurance sector. The ideal candidate will have extensive experience in product management, particularly in insurance, and will be responsible for driving product initiatives, ensuring compliance, and managing stakeholder expectations. This role requires strong collaboration skills and a strategic mindset to deliver on growth objectives.

Qualifications

• Minimum 10 - 15 years in Short-Term Commercial Insurance.
• Min 5 years in a Product Management Role.
• Registered as a Financial Advisory and Intermediary Services (FAIS) Key Individual.

Responsibilities

• Execute Product initiatives on all products within portfolio.
• Manage stakeholder relationships and enhance ecosystem integrations.
• Ensure compliance with legislative changes.

Skills

Insurance Principles

Financial Acumen

Cross-functional collaboration

Client Management

Education

Bachelor’s Degree in Business Management / Marketing / Finance

Insurance Related Certifications

Job description

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To execute on Business and Commercial lines product strategy and work closely with Insurance Product Suppliers, distribution, sales, marketing, risk, compliance, legal and technology teams.

Provide support to ensure revenue and customer satisfaction goals are met.

To execute Product initiatives on all products within portfolio (new and enhancements)

Stakeholder Management on Standalone portfolio

EcoSystem integrations (Segment)

To execute on the successful implementation of enhancements and/or new products in new and existing channels/platforms & partnerships.

To ensure legislative/compliance changes to existing processes to comply with changing legal requirements.

Execution of new/alternative distribution channels–to expand exposure beyond existing Banking customers.

Execute on all Governance processes for onboarding new channels (RMP, TPRM / Aravo, Agreements, Service requirements and Needs Assessments)

Qualifications

Qualification RequiredDegree:

Bachelors (Business Management / Marketing / Finance)

Insurance Related Certifications

RE & KI

Driver’s license for travel is required

FAIS Representative

Registered as a Financial Advisory and Intermediary Services (FAIS) Key Individual (KI);

Experience Required

Minimum 10 - 15 years working experience in the Short-Term Commercial Insurance. Additional experience in Life Products would be advantageous.

Min 5 years in a Product Management Role

Minimum 5 Years’ Relationship Management Experience.

Successful ability to deal with complexity and ambiguity.

Cross-functional collaboration and teamwork.

Relevant experience in managing and delivering big projects.

Additional Information

Behavioural Competencies:

• Articulating Information
• Challenging Ideas
• Making Decisions
• Directing People
• Empowering Individuals
• Embracing Change
• Valuing Individuals
• Providing Insights
• Upholding Standards
• Producing Output
• Taking Action
• Seizing Opportunities
• Pursuing Goals
• Resolving Conflict
• Following Procedure
  
  

Technical Competencies:

• Client Acceptance and Review
• Insurance Principles
• Insurance and Product Knowledge
• Financial Acumen
• Underwriting Management
• People Strategy Development