Remote Insurance Product Development Manager

Placements24; Rustenburg; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Bonus

Health & retirement plans

Flexible hours

Remote work

Professional development

Job summary

Placements24 is seeking a highly strategic Remote Insurance Product Development Manager to lead the end-to-end development of new and existing insurance products from a remote setting. You will partner with actuarial, marketing, sales, and operations to translate market insights into compelling product offerings that drive growth and profitability.

The role requires a proven track record in insurance product development, strong leadership and communication skills, and comfort working across

Qualifications

• Bachelor’s degree in Business Administration, Marketing, Finance, or related field; MBA is a plus.
• Minimum 7 years of experience in insurance product development or related strategic role.
• Proven track record of launching and managing insurance products.
• Strong understanding of insurance principles, products, and market dynamics.
• Excellent project management and leadership abilities.

Responsibilities

• Lead end-to-end product development lifecycle for new and existing insurance products.
• Conduct market research and competitive analysis to identify opportunities.
• Define product strategy, roadmap, and requirements aligned with business goals.
• Collaborate with actuarial teams on pricing, underwriting guidelines, and policy wordings.
• Partner with marketing and sales on go-to-market strategies and launches.
• Oversee product implementation and ensure smooth integration with operations.
• Monitor performance, gather feedback, and drive continuous improvement.
• Ensure compliance with regulations and present reports to senior management.
• Foster innovation within the product development team and cross-functional partners.

Skills

Strategic thinking

Project management

Leadership

Communication

Market research

Cross-functional teamwork

Remote work adaptability

Education

Bachelor's degree in Business Administration/Marketing/Finance

MBA or equivalent

Job description

About the Role

Our client, a forward-thinking and innovative insurer, is looking for a highly strategic and experienced Remote Insurance Product Development Manager to spearhead the creation and enhancement of their insurance product portfolio. While this role is fully remote, it serves candidates within proximity of Rustenburg, North West, allowing for potential occasional in-person collaboration if desired. The successful candidate will be responsible for researching market trends, identifying customer needs, and developing new insurance products and features that drive competitive advantage and profitability. This role requires a blend of strategic thinking, market analysis, and a deep understanding of the insurance landscape. The Product Development Manager will work closely with actuarial, marketing, sales, and operational teams to bring innovative products to market successfully. This is a unique opportunity to shape the future of insurance offerings from a remote setting, contributing to a company known for its dynamic approach and commitment to customer value. If you are a visionary leader passionate about product innovation in the insurance space, this remote role is for you.

Key Responsibilities

• Lead the end-to-end product development lifecycle for new and existing insurance products.
• Conduct comprehensive market research and competitive analysis to identify opportunities and threats.
• Define product strategy, roadmap, and requirements based on customer needs and business objectives.
• Collaborate with actuarial teams to develop pricing structures, underwriting guidelines, and policy wordings.
• Partner with marketing and sales teams to develop go-to-market strategies and launch plans.
• Oversee product implementation, ensuring seamless integration with operational systems and processes.
• Monitor product performance, gather customer feedback, and identify areas for improvement.
• Ensure all product development activities comply with relevant regulations and legal requirements.
• Present product proposals and performance reports to senior management and key stakeholders.
• Foster innovation and creativity within the product development team and cross-functional partners.

Requirements

• A Bachelor's degree in Business Administration, Marketing, Finance, or a related field; an MBA or equivalent is a plus.
• Minimum of 7 years of experience in insurance product development, management, or a related strategic role.
• Proven track record of successfully launching and managing insurance products.
• Deep understanding of insurance principles, product types, and market dynamics.
• Strong strategic thinking, analytical, and problem-solving skills.
• Excellent project management and leadership abilities.
• Exceptional communication, presentation, and interpersonal skills.
• Experience working with cross-functional teams in a collaborative environment.
• Proficiency in market research tools and data analysis techniques.
• Adaptability and ability to thrive in a remote, fast-paced environment.

Benefits

• Highly competitive salary and bonus structure.
• Comprehensive benefits package, including health, retirement, and life insurance.
• Generous paid time off and flexible working hours.
• Opportunities for professional development and continued learning.
• The full flexibility and autonomy of a remote position.
• A stimulating and innovative work culture.
• Chance to significantly influence product strategy for a leading insurer.