Remote Insurance Product Developer

Placements24; Upington; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary (ZAR)

Fully remote work

Health, dental, and vision insurance

Retirement savings plan

Learning and development opportunities

Performance-based bonuses

Modern remote collaboration tools

Supportive virtual culture

Job summary

Placements24 is seeking an innovative Remote Insurance Product Developer to join a fully remote team. You will conceptualize, design, and launch new insurance products, conduct market research, and collaborate with actuarial, legal, marketing, and sales teams to drive growth.

The ideal candidate has a strong understanding of the insurance lifecycle, exceptional analytics, and a creative mindset for product innovation.

Qualifications

• Bachelor's degree in Business, Finance, Marketing, or a related field.
• Master's degree or relevant industry certifications (e.g., Fellow of the Academy of Insurance) are a plus.
• Minimum of 6 years of experience in insurance product development, management, or a closely related role.
• Strong analytical, problem-solving, and strategic thinking skills.

Responsibilities

• Lead the end-to-end development process for new insurance products, from ideation to launch.
• Conduct market research and competitive analysis to identify product opportunities and gaps.
• Collaborate with actuarial teams to ensure pricing and profitability targets are met.
• Work with legal and compliance teams to ensure regulatory requirements are met.
• Develop product specifications, policy wordings, and marketing collateral.
• Partner with sales and marketing teams to develop go-to-market strategies and support materials.
• Analyze product performance post-launch and recommend improvements.
• Stay abreast of industry trends, risks, and technological advancements.
• Manage project timelines and deliverables for timely launches.
• Present product proposals and updates to senior management and stakeholders.

Skills

Market research

Remote collaboration

Product development

Stakeholder management

Regulatory awareness

Strategic thinking

Education

Bachelor's degree in Business/Finance/Marketing

Master's degree or certifications (e.g., Fellow of the Academy of Insurance)

Tools

MS Office Suite

Insurance software

Job description

About the Role

Our client is seeking an innovative and experienced Remote Insurance Product Developer to join their dynamic, fully remote team. This role is essential for conceptualizing, designing, and launching new insurance products that meet market demands and drive business growth. You will conduct in-depth market research, analyze competitor offerings, and collaborate closely with actuarial, legal, marketing, and sales teams to bring groundbreaking insurance solutions to life. The ideal candidate possesses a strong understanding of the insurance lifecycle, exceptional analytical skills, and a creative mindset for product innovation. This fully remote position offers the flexibility to work from anywhere while contributing to the strategic direction of our client's product portfolio. We are committed to providing a seamless remote work experience with all the necessary tools and support.

Key Responsibilities

• Lead the end-to-end development process for new insurance products, from ideation to launch.
• Conduct thorough market research and competitive analysis to identify product opportunities and gaps.
• Collaborate with actuarial teams to ensure product pricing and profitability targets are met.
• Work with legal and compliance teams to ensure all products meet regulatory requirements.
• Develop product specifications, policy wordings, and marketing collateral.
• Partner with sales and marketing teams to develop go-to-market strategies and support materials.
• Analyze product performance post-launch and recommend improvements or modifications.
• Stay abreast of industry trends, emerging risks, and technological advancements impacting the insurance sector.
• Manage project timelines and deliverables, ensuring successful and timely product launches.
• Present product proposals and updates to senior management and stakeholders.

Requirements

• Bachelor's degree in Business, Finance, Marketing, or a related field.
• A Master's degree or relevant industry certifications (e.g., Fellow of the Academy of Insurance) are a plus.
• Minimum of 6 years of experience in insurance product development, management, or a closely related role.
• Deep understanding of various insurance lines (e.g., life, health, P&C) and their underlying principles.
• Strong analytical, problem-solving, and strategic thinking skills.
• Excellent communication, presentation, and interpersonal skills, crucial for remote collaboration.
• Proven ability to manage complex projects and work cross-functionally in a remote environment.
• Familiarity with product development lifecycle management tools and methodologies.
• Proficiency in MS Office Suite and relevant insurance software.
• Creative and innovative mindset with a passion for product innovation.
• Ability to work independently and proactively in a fully remote setting.

Benefits

• A competitive annual salary of up to ZAR.
• Fully remote work arrangement with significant flexibility.
• Comprehensive health, dental, and vision insurance.
• Generous retirement savings plan.
• Opportunities for continuous learning and professional development.
• Performance-based bonuses and incentives.
• Access to leading-edge tools and platforms for remote collaboration.
• A forward-thinking and supportive virtual work culture.