Remote Insurance Product Development Manager

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Fully remote position

Competitive salary and bonuses

Comprehensive health and wellness

Retirement savings contribution

Professional growth and leadership

Access to advanced product development

Remote work culture

Generous paid time off

Home office setup stipend

Opportunity to shape product portfolio

Job summary

Placements24 is partnering with a forward-thinking insurance provider to recruit a Remote Insurance Product Development Manager in South Africa. You will lead the end-to-end creation of innovative insurance products from ideation to launch, collaborating with actuarial, underwriting, claims, marketing and legal teams while operating in a remote-first culture.

The role serves Richards Bay and broader markets, offering autonomy, strategic impact, and growth.

Qualifications

• Bachelor's degree in Business Administration, Marketing, Finance, or a related field.
• MBA or relevant Master's degree is a plus.
• Minimum of 6 years of experience in insurance product development or related strategic role.
• Strong knowledge of insurance principles, market dynamics, and regulatory environments.

Responsibilities

• Lead end-to-end development and lifecycle management of new insurance products.
• Conduct market research and competitive analysis to identify opportunities.
• Collaborate with actuarial, underwriting, claims, marketing, sales, and legal teams.
• Develop product strategies, roadmaps, and business cases with financial projections.
• Define product requirements, features, and user experience meeting customer needs and regulatory standards.
• Oversee product documentation, training materials, and marketing collateral.
• Monitor product performance and implement enhancements based on feedback.
• Ensure compliance with insurance regulations and company policies.
• Manage external vendor relationships as needed.
• Present strategies and updates to senior leadership.

Skills

Strategic thinking

Cross-functional leadership

Remote collaboration

Agile methodologies

Education

Bachelor's degree in Business Admin/Marketing/Finance

MBA

Tools

Project management software

Job description

About the Role

Our client, a forward-thinking insurance provider with a strong emphasis on digital transformation, is actively recruiting for a results-oriented and innovative Remote Insurance Product Development Manager. This role is a key strategic position, responsible for conceptualizing, designing, and launching new insurance products that meet evolving market demands and drive business growth, all managed remotely. You will lead cross-functional teams in the development lifecycle, ensuring products are competitive, compliant, and profitable. This is a unique opportunity to work from anywhere in South Africa, contributing to a dynamic organization that values creativity and forward-thinking strategies. Our client champions a remote-first culture, providing all necessary support and tools for success, making this an ideal role for experienced professionals seeking autonomy and impact. The position serves our operations in **Richards Bay** and beyond.

Key Responsibilities

• Lead the end-to-end development and lifecycle management of new insurance products from ideation through to launch and post-launch review.
• Conduct market research and competitor analysis to identify opportunities for product innovation and differentiation.
• Collaborate closely with actuarial, underwriting, claims, marketing, sales, and legal teams to ensure product viability and alignment with business objectives.
• Develop comprehensive product strategies, roadmaps, and business cases, including financial projections and pricing strategies.
• Define product requirements, features, and user experience, ensuring they meet customer needs and regulatory standards.
• Oversee the creation of product documentation, training materials, and marketing collateral.
• Monitor product performance, gather customer feedback, and implement enhancements to optimize product offerings.
• Ensure compliance with all relevant insurance regulations and company policies throughout the product development process.
• Manage external vendor relationships as needed for product development initiatives.
• Present product strategies and updates to senior leadership and key stakeholders.

Requirements

• A Bachelor's degree in Business Administration, Marketing, Finance, or a related field.
• An MBA or relevant Master's degree is a plus.
• Minimum of 6 years of experience in insurance product development, management, or a related strategic role within the financial services industry.
• Demonstrated success in launching successful new insurance products.
• Strong understanding of insurance principles, market dynamics, and regulatory environments across various insurance lines.
• Excellent strategic thinking, analytical, and problem-solving abilities.
• Superior project management and organizational skills, with the ability to manage multiple complex projects concurrently.
• Exceptional leadership, communication, and interpersonal skills, with the ability to influence and collaborate effectively with cross-functional teams.
• Proven ability to thrive in a remote work environment, demonstrating self-discipline, initiative, and strong time management skills.
• Proficiency in project management software and standard office applications.
• Experience with Agile methodologies is an advantage.

Benefits

• Fully remote position offering unparalleled flexibility and work-life integration.
• Competitive salary, bonus potential, and long-term incentive plans.
• Comprehensive health and wellness benefits package.
• Generous retirement savings contribution.
• Significant opportunities for professional growth and leadership development.
• Access to advanced product development tools and resources.
• A dynamic, innovative, and collaborative remote work culture.
• Generous paid time off and holiday schedule.
• Company-provided home office setup stipend.
• The chance to significantly shape the product portfolio of a leading insurance provider.