Product Manager - Insurance At The Foschini Group

The Foschini Group; Gauteng; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading company in the insurance sector seeks a Product Manager to drive financial objectives and innovation within their insurance portfolio. You will manage the product lifecycle, conduct market research, and ensure compliance with relevant legislation, while also developing marketing strategies to achieve competitive advantage. This role requires strong experience in financial services and product management with a focus on customer-driven initiatives.

Benefits

Diverse culture

Flexible work hours

Group risk cover

Employee wellbeing program

Staff discount

Access to learning platforms

Qualifications

• Formation en Agile, expérience en développement de produits omnicanaux.
• Connaissance approfondie des marchés de l'assurance et des exigences réglementaires.

Responsibilities

• Gérer le cycle de vie du produit, de la conceptualisation au lancement.
• Assurer la conformité et la gestion des risques des produits.

Skills

Product Management

Market Research

Risk Management

Agile Delivery

Financial Understanding

Education

Diploma or degree in Business, Finance, or related field

Job description

Package & Remuneration

JOB DESCRIPTION

Role Overview: The main purpose of the job is to deliver financial objectives and product innovation that contribute to the overall profitability of the insurance portfolio.

By managing products, this incumbent will ensure effective risk management and product management within relevant compliance frameworks.

Key Responsibilities

1. Accountable for product / strategy by ensuring relevant marketing strategies and plans are in place to achieve competitive advantage and profitability.
2. Manage the end-to-end product lifecycle, from conceptualization to launch, for key initiatives within the product portfolio.
3. Conduct market research, competitive analysis, and gather customer feedback to identify opportunities and inform product decisions.
4. Ensure compliance with relevant legislation (e.g., FAIS, CPA, POPI, NCA).
5. Ensure adequate risk management to monitor the solvency of products and cell captive operations, and proactively implement action plans.
6. Enhance the product and distribution channels and identify new growth opportunities.
7. Influence and negotiate with internal and external business partners (e.g., Guardrisk).
8. Implement and align effective communication strategies with policyholders and stakeholders.
9. Achieve growth and profit targets by optimizing communication channels between stakeholders.
10. Provide strategic support to the insurance manager and product team, including legal advisors, underwriters, and claims administration.
11. Ensure execution of the product strategy to meet brand objectives.
12. Execute ad hoc business projects within agreed timelines.

Requirements

• Diploma or degree in Business, Finance, or related field.
• Training in Agile delivery.
• 5-7 years of experience in the financial services or insurance industry.
• Experience in Omnichannel Product Development and Scalability.
• Proven success in defining and launching products that meet/exceed objectives.
• Deep product knowledge and subject matter expertise in applications relevant to customer markets.
• Strong knowledge of insurance markets, underwriting, and regulatory requirements.
• Customer market awareness, collaboration skills, and influence without authority.
• Commercial and financial understanding.

Benefits

• Diverse culture
• Flexible work hours
• Group risk cover
• Employee wellbeing program
• Staff discount
• Access to learning platforms

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act.