Senior Insurance Product Innovator (Hybrid, Benoni)

Placements24; Benoni; Hybrid; ZAR 1,200,000 - 1,900,000; Full time

Benefits offered by this job

Executive salary

Performance bonus

Medical aid

Pension fund

Executive perks

Hybrid work

Job summary

Placements24 is hiring a Senior Product Development Manager in Benoni, Gauteng. You will lead ideation through launch of innovative insurance products, collaborating with actuarial, underwriting, marketing and legal teams to ensure profitability and regulatory compliance.

The role requires strategic thinking, deep insurance knowledge, and strong leadership to drive a product roadmap that meets market needs and supports business growth in a hybrid Benoni setup.

Qualifications

• Master's degree required in Business, Finance, Insurance, Marketing or related field.
• 8+ years in product development/management within the insurance industry.
• Proven track record of launching innovative insurance products.
• Deep understanding of insurance principles, market dynamics and regulatory frameworks.

Responsibilities

• Lead end-to-end product development lifecycle for new insurance products, from ideation to launch.
• Conduct market research and competitive analysis to identify opportunities for product innovation.
• Collaborate with actuarial teams to define pricing strategies and product profitability models.
• Partner with underwriting to develop clear underwriting guidelines and risk appetite for new products.
• Ensure product compliance with regulations in collaboration with the legal department.
• Develop product strategy and roadmap aligned with business objectives.
• Create comprehensive product specifications, documentation, and marketing materials.
• Manage cross-functional project teams to ensure timely product launches.
• Monitor product performance post-launch and implement enhancements.
• Stay updated on industry trends, technologies, and emerging customer needs in insurance.

Skills

Strategic thinking

Analytical skills

Problem solving

Leadership

Communication

Cross-functional collaboration

Agile experience

Education

Master's degree in Business/Finance/Insurance/Marketing

Tools

Product lifecycle management software

Market research tools

Job description

Placements24 is hiring a Senior Product Development Manager in Benoni, Gauteng. You will lead ideation through launch of innovative insurance products, collaborating with actuarial, underwriting, marketing and legal teams to ensure profitability and regulatory compliance.

The role requires strategic thinking, deep insurance knowledge, and strong leadership to drive a product roadmap that meets market needs and supports business growth in a hybrid Benoni setup.