Remote Insurance Product Developer

Placements24; Pretoria; Remote; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Bonuses

Annual leave

Lifestyle perks

Job summary

Placements24 invites applications for a remote Insurance Product Developer role based in South Africa. The candidate will conceptualize, design and launch new insurance products, collaborating with actuarial, marketing, sales and legal teams to ensure market fit, pricing viability, and regulatory compliance.

A strategic, innovative thinker with remote-work proficiency is required. The role emphasizes end-to-end product lifecycle management, including documentation, training materials, and

Responsibilities

• Lead the development and management of new insurance products from concept to launch.
• Conduct market research and competitive analysis to identify opportunities and gaps.
• Collaborate with actuarial teams to ensure product pricing, reserving, and financial viability.
• Work with marketing and sales teams to develop product positioning, messaging, and launch strategies.
• Ensure all product designs comply with regulatory requirements and legal frameworks.
• Manage the product lifecycle, including performance monitoring, enhancements, and phase-outs.
• Develop and maintain product documentation, including policy wordings and training materials.
• Present product proposals and updates to senior management and key stakeholders.

Job description

About the Role

Our client, a forward-thinking insurance provider, is actively seeking an innovative and experienced Remote Insurance Product Developer to join their organization. This position is entirely remote, offering the flexibility to work from anywhere within South Africa. The successful candidate will be instrumental in conceptualizing, designing, and launching new insurance products that meet evolving market demands and customer needs. You will collaborate closely with cross-functional teams, including actuarial, marketing, sales, and legal, to bring cutting-edge products to market. This role requires a deep understanding of insurance principles, market analysis, and product lifecycle management. We are looking for a strategic thinker with a passion for innovation and a proven ability to drive product success from ideation through to implementation, all within a remote-first working environment.

Key Responsibilities

• Lead the development and management of new insurance products from concept to launch.
• Conduct thorough market research and competitive analysis to identify opportunities and gaps.
• Collaborate with actuarial teams to ensure product pricing, reserving, and financial viability.
• Work with marketing and sales teams to develop product positioning, messaging, and launch strategies.
• Ensure all product designs comply with regulatory requirements and legal frameworks.
• Manage the product lifecycle, including performance monitoring, enhancements, and phase-outs.
• Develop and maintain product documentation, including policy wordings and training materials.
• Present product proposals and updates to senior management and key stakeholders.
• Foster strong relationships with internal teams and external partners to ensure seamless product execution.
• Drive innovation by exploring new technologies, market trends, and customer insights.

Requirements

• A Bachelor's degree in Business, Marketing, Finance, Actuarial Science, or a related discipline.
• An MBA or equivalent is a plus.
• A minimum of 6 years of experience in insurance product development, management, or a similar strategic role within the financial services industry.
• Demonstrated success in launching new insurance products.
• Strong understanding of insurance products, markets, and regulatory environments across South Africa.
• Excellent analytical, strategic thinking, and problem-solving abilities.
• Exceptional communication, presentation, and interpersonal skills, with the ability to influence stakeholders.
• Experience working effectively in a remote team environment using collaboration tools.
• Proficiency in project management methodologies and tools.
• Ability to translate complex concepts into clear and actionable plans.
• A proactive and results-oriented mindset with a passion for innovation.

Benefits

As a fully remote position, you will enjoy the ultimate flexibility in your work location. Our client offers a highly competitive salary package, with earnings of R per annum, negotiable based on experience.

• comprehensive health insurance
• a generous retirement savings plan
• performance-driven bonuses
• an annual leave allowance
• other lifestyle-enhancing perks

We invest in your growth with extensive professional development opportunities, including training, certifications, and conference attendance. You'll work with a collaborative and forward-thinking team, utilizing state-of-the-art remote collaboration tools.