Senior Insurance Product Developer

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 1,000,000 - 1,600,000; Full time

Benefits offered by this job

Fully remote work

Executive bonus potential

Health and retirement benefits

Professional growth opportunities

Job summary

Placements24 seeks a Senior Insurance Product Developer to join a remote-first team responsible for conceiving, designing and launching innovative insurance products. You will conduct market research, shape product strategies, and collaborate with actuarial, legal, marketing and operations to define specifications and pricing.

The role emphasizes strategic thinking, deep insurance knowledge, and robust project management, with executive bonus potential and comprehensive benefits in a fully

Qualifications

• Minimum of 8 years of experience in insurance product development or related product management.
• Proven track record of launching innovative insurance products in competitive markets.
• Strong understanding of insurance principles, financial modeling, and regulatory requirements.
• Excellent analytical and strategic thinking, with robust project management skills.

Responsibilities

• Lead the end-to-end development process for new insurance products from ideation to launch.
• Conduct market research, competitor analysis, and feasibility studies for potential offerings.
• Collaborate with actuarial, legal, marketing, and operations teams to define product specifications and strategies.
• Develop detailed product documentation, including policy wordings, pricing guidelines, and operational procedures.
• Monitor product performance post-launch and identify opportunities for improvement.
• Stay abreast of industry trends, regulatory changes, and technology impacting product development.

Skills

Insurance product development

Product management

Market research

Financial modeling

Regulatory compliance

Analytical thinking

Strategic planning

Project management

Remote collaboration

Education

Bachelor's or Master's degree in Business/Finance/Actuarial Science or related field

Job description

About the Role

Our client is looking for an innovative and strategic Senior Insurance Product Developer to join their fully remote product innovation team. This role is responsible for conceptualizing, designing, and launching new insurance products that meet market demands and drive business growth. You will conduct market research, analyze trends, and collaborate with cross-functional teams to bring cutting-edge insurance solutions to life. This position is ideal for a seasoned professional seeking to make a significant impact in a flexible, remote-first setting, shaping the future of insurance offerings.

Key Responsibilities

• Lead the end-to-end development process for new insurance products from ideation to launch.
• Conduct thorough market research, competitor analysis, and feasibility studies for potential product offerings.
• Collaborate closely with actuarial, legal, marketing, and operations teams to define product specifications and strategies.
• Develop detailed product documentation, including policy wordings, pricing guidelines, and operational procedures.
• Monitor product performance post-launch and identify opportunities for improvement and refinement.
• Stay abreast of industry trends, technological advancements, and regulatory changes impacting product development.

Requirements

• Minimum of 8 years of experience in insurance product development or a related product management role.
• Proven track record of successfully launching innovative insurance products in competitive markets.
• Strong understanding of insurance principles, financial modeling, and regulatory requirements.
• Excellent analytical, strategic thinking, and project management skills.
• Exceptional ability to collaborate effectively with diverse teams in a remote environment.
• Bachelor's or Master's degree in Business, Finance, Actuarial Science, or a related field.

Benefits

• Highly competitive salary and executive-level bonus potential.
• Fully remote work structure with flexible scheduling.
• Comprehensive executive health, wellness, and retirement benefits.
• Significant opportunities for professional growth and leadership development.
• A dynamic and forward-thinking company culture focused on innovation.