Senior Insurance Product Developer

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

Benefits offered by this job

Competitive salary package

Medical and retirement benefits

Hybrid work arrangement

Growth opportunities

Access to cutting-edge tools

Job summary

Placements24 seeks a Senior Insurance Product Developer to lead end-to-end design and launch of innovative insurance products in Gauteng. You will drive market research, define features and pricing, and collaborate with actuarial, legal and compliance teams.

You will mentor junior staff, manage post-launch performance, and stay ahead of industry trends to reinforce competitive positioning. Hybrid work in Benoni with growth opportunities.

Qualifications

• Bachelor's degree in Business, Finance, Marketing, Actuarial Science, or related field.
• 7+ years of experience in insurance product development, management, or strategy.
• Proven track record of launching innovative insurance products.
• Strong understanding of insurance principles, regulatory frameworks, and market dynamics.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication, presentation, and interpersonal skills.
• Proficiency in project management and ability to manage multiple initiatives simultaneously.
• Familiarity with Gauteng insurance landscape is an advantage.
• Experience with data analysis and market research tools.
• Relevant professional qualifications (ACII, FLMI) are a significant plus.

Responsibilities

• Lead the end-to-end development lifecycle of new insurance products, from ideation to launch.
• Conduct market research and competitor analysis to identify opportunities and gaps.
• Define product features, benefits, pricing strategies, and distribution plans.
• Collaborate with actuarial, legal, compliance, marketing, and operations teams throughout development.
• Develop product documentation including policy wordings and marketing materials.
• Ensure compliance with regulatory requirements and company policies.
• Manage product performance post-launch and analyze data for adjustments.
• Stay updated on industry trends and customer behavior to drive innovation.
• Present product proposals and strategy updates to senior management.
• Mentor junior members of the product development team.

Skills

Market research

Analytical skills

Strategic thinking

Problem solving

Communication skills

Project management

Manage multiple initiatives

Education

Bachelor's degree in Business, Finance, Marketing, Actuarial Science, or related field

Tools

Data analysis tools

Market research tools

Job description

About the Role

Our client, a leading innovator in the insurance market, is seeking a highly experienced Senior Insurance Product Developer to join their strategic team based in Benoni, Gauteng . This role is pivotal in conceptualizing, designing, and launching new insurance products that meet evolving market demands and customer needs. The ideal candidate will possess a blend of strategic thinking, market insight, and a deep understanding of insurance principles. You will be instrumental in driving product innovation, ensuring competitive positioning, and contributing to the overall growth strategy of the company within Gauteng and beyond. We are looking for a creative and analytical professional with a proven ability to bring successful insurance products to market.

Key Responsibilities

• Lead the end-to-end development lifecycle of new insurance products, from ideation to launch.
• Conduct thorough market research and competitor analysis to identify opportunities and gaps.
• Define product features, benefits, pricing strategies, and distribution plans.
• Collaborate closely with actuarial, legal, compliance, marketing, and operations teams throughout the product development process.
• Develop product documentation, including policy wordings, prospectuses, and marketing materials.
• Ensure all new products comply with regulatory requirements and company policies.
• Manage product performance post-launch, analyzing data and recommending adjustments.
• Stay abreast of industry trends, technological advancements, and customer behavior to drive product innovation.
• Present product proposals and strategy updates to senior management.
• Mentor junior members of the product development team.

Requirements

• A Bachelor's degree in Business, Finance, Marketing, Actuarial Science, or a related field.
• A minimum of 7 years of experience in insurance product development, management, or strategy.
• Proven track record of successfully launching innovative insurance products.
• Strong understanding of insurance principles, regulatory frameworks, and market dynamics.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication, presentation, and interpersonal skills.
• Proficiency in project management and a strong ability to manage multiple initiatives simultaneously.
• Familiarity with the insurance landscape in Gauteng is an advantage.
• Experience with data analysis and market research tools.
• Relevant professional qualifications (e.g., ACII, FLMI) are a significant plus.

Benefits

• Our client offers a competitive salary package, comprehensive medical and retirement benefits, and significant opportunities for professional growth and development within a dynamic and innovative company.
• This hybrid role allows for a flexible work arrangement, combining office-based collaboration in Benoni, Gauteng with remote working capabilities.
• Employees benefit from a stimulating work environment, access to cutting-edge tools, and the chance to make a substantial impact on the company's product portfolio and market success.
• We are committed to fostering talent and providing a rewarding career path.