Remote Insurance Product Development Specialist

Placements24; Mossel Bay; Híbrido; ZAR 900 000 - 1 300 000; Tempo integral

Vantagens oferecidas por esta oferta de emprego

Competitive salary package

Health, dental, and vision benefits

Retirement savings plan with company"s

Growth opportunities and professional

Resumo da oferta

Placements24 is seeking a remote Insurance Product Development Specialist to lead market research, ideate innovative products, and drive end-to-end development lifecycle.

You will collaborate with actuarial, legal, marketing, and technology teams, ensure regulatory compliance, and present business cases to senior management in a fully virtual setting.

Qualificações

• Bachelor's degree in Business, Finance, Economics, or related field.
• MBA or relevant insurance designation desirable.
• 6-8 years of experience in insurance product development/management.
• Ability to conceptualize, design, and launch insurance products.
• Strong analytical and problem-solving skills.
• Understanding of insurance regulations and compliance.

Responsabilidades

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance products that meet evolving customer needs.
• Collaborate with actuarial teams to define pricing, reserving, and profitability models.
• Work with legal and compliance teams to ensure regulatory requirements are met.
• Develop product specifications, including policy wording, terms, and conditions.
• Oversee the product development lifecycle, managing timelines and deliverables.
• Coordinate with marketing and sales to develop launch strategies and materials.
• Monitor post-launch product performance and identify areas for improvement.
• Stay informed on industry trends and emerging risks in insurance.
• Present product proposals and business cases to senior management.

Conhecimentos

Market research

Product design

Project management

Data analysis

Regulatory compliance

Remote collaboration

Formação académica

Bachelor's degree in Business/Finance/Economics

MBA desirable

Descrição da oferta de emprego

About the Role

Our client, a forward-thinking insurance innovator, is seeking a creative and analytical Remote Insurance Product Development Specialist to join their expanding team. This fully remote position is perfect for an individual passionate about shaping the future of insurance products. You will be responsible for researching market needs, designing innovative insurance solutions, and overseeing the development lifecycle from concept to launch. This role requires a deep understanding of insurance principles, market dynamics, and customer behavior, combined with strong project management skills. You will collaborate with cross-functional teams, including actuarial, legal, marketing, and technology, to bring new products to life. This is an exceptional opportunity to work from anywhere, contributing significantly to a company that values creativity, data-driven insights, and a customer-centric approach. We are committed to fostering a culture of continuous improvement and innovation in a fully virtual setting. The ideal candidate will thrive in an autonomous environment and possess a proven ability to translate complex ideas into tangible product offerings.

Key Responsibilities

• Conduct market research and competitive analysis to identify opportunities for new insurance products.
• Design and develop innovative insurance products that meet evolving customer needs and market demands.
• Collaborate with actuarial teams to define product pricing, reserving, and profitability models.
• Work closely with legal and compliance teams to ensure all products meet regulatory requirements.
• Develop product specifications, including policy wording, terms, and conditions.
• Oversee the product development lifecycle, managing timelines and deliverables.
• Coordinate with marketing and sales teams to develop launch strategies and materials.
• Monitor product performance post-launch and identify areas for enhancement or refinement.
• Stay abreast of industry trends, emerging risks, and technological advancements impacting the insurance sector.
• Present product proposals and business cases to senior management.

Requirements

• Bachelor's degree in Business, Finance, Economics, or a related field.
• An MBA or relevant insurance designation (e.g., Fellow of the Academy of Life Underwriting - FALU, Chartered Property Casualty Underwriter - CPCU) is highly desirable.
• Minimum of 6-8 years of experience in insurance product development, management, or a closely related field.
• Proven ability to conceptualize, design, and launch successful insurance products.
• Strong analytical, strategic thinking, and problem-solving skills.
• Excellent understanding of insurance regulations and compliance frameworks.
• Exceptional project management skills, with experience managing complex, cross-functional projects.
• Outstanding written and verbal communication skills, with the ability to influence stakeholders at all levels.
• Proficiency in market research tools and data analysis techniques.
• Experience working in a remote or distributed team environment is a significant advantage.
• Self-motivated, results-oriented, and capable of working independently with minimal supervision.

Benefits

• Highly competitive salary package.
• Comprehensive health, dental, and vision benefits.
• Generous retirement savings plan with company contributions.
• Significant opportunities for professional growth and development.
• Flexible working hours within a remote setup.
• Annual performance-based bonuses.
• Allowance for home office setup and internet expenses.
• Direct impact on shaping the company's product portfolio.