Senior Insurance Product Manager

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Health insurance

Retirement contributions

Generous leave

Hybrid work model

Training & conferences

Job summary

Placements24 in Nelspruit, Mpumalanga, ZA is seeking a Senior Insurance Product Manager to lead the development and lifecycle of innovative insurance products in a hybrid role.

You will translate market needs into strategy, collaborate with underwriting, actuarial, marketing, and technology teams, and drive product launches, profitability, and compliance.

The position offers growth opportunities within a forward-thinking insurer.

Qualifications

• Bachelor's degree in Business, Marketing, Finance, or related field.
• MBA or relevant postgraduate degree preferred.
• Minimum of 7 years in product management with a focus on insurance.
• Strong understanding of insurance markets, underwriting, and regulatory environments.
• Proven track record of developing and launching new products.
• Excellent analytical, strategic thinking, and communication skills.
• Experience in a hybrid work environment.
• Knowledge of the insurance landscape in Nelspruit, Mpumalanga is beneficial.

Responsibilities

• Define and execute the product strategy and roadmap for insurance products.
• Conduct market research, competitive analysis, and customer needs assessment.
• Develop business cases and financial models for new product initiatives.
• Collaborate with underwriting, actuarial, marketing, sales, and technology teams.
• Define product requirements, features, and specifications; oversee launches.
• Monitor product performance, profitability, and customer satisfaction; adjust as needed.
• Ensure product compliance with regulations and legal requirements.
• Manage product P&L and seek opportunities for enhancement.

Skills

Product management

Insurance products

Strategic thinking

Leadership

Cross-functional collaboration

Financial modeling

Regulatory knowledge

Education

Bachelor's degree in Business/Marketing/Finance or related field

MBA or relevant postgraduate degree

Job description

About the Role

Our client, a forward-thinking insurance provider, is seeking an experienced Senior Insurance Product Manager to join their team in Nelspruit, Mpumalanga, ZA . This hybrid role requires a strategic thinker who can lead the development, management, and lifecycle of innovative insurance products. You will be responsible for understanding market needs, defining product strategy, and collaborating with cross-functional teams to bring successful products to market. This is an exciting opportunity to shape the future of our client's product portfolio and drive competitive advantage in the insurance sector. We are looking for a visionary leader to guide our product initiatives.

Key Responsibilities

Define and execute the product strategy and roadmap for a range of insurance products. Conduct market research, competitive analysis, and customer needs assessment to identify product opportunities. Develop business cases and financial models for new product initiatives. Collaborate with underwriting, actuarial, marketing, sales, and technology teams throughout the product lifecycle. Define product requirements, features, and specifications. Oversee product launches, including go-to-market strategies and training materials. Monitor product performance, profitability, and customer satisfaction, making data-driven adjustments. Ensure product compliance with all relevant regulations and legal requirements. Manage product P&L and actively seek opportunities for product enhancement and optimization.

Requirements

Bachelor's degree in Business, Marketing, Finance, or a related field; MBA or relevant postgraduate degree is preferred. Minimum of 7 years of experience in product management, with a significant focus on insurance products. Strong understanding of insurance markets, products, underwriting, and regulatory environments. Demonstrated success in developing and launching new products. Excellent analytical, strategic thinking, and problem-solving skills. Strong leadership and cross-functional collaboration abilities. Exceptional communication and presentation skills. Experience working in a hybrid work environment. Knowledge of the insurance landscape in Nelspruit, Mpumalanga, ZA is beneficial.

Benefits

Our client offers a competitive salary, performance bonuses, and a comprehensive benefits package, including health insurance, retirement contributions, and generous leave. This hybrid role provides flexibility while ensuring collaboration through in-office presence as needed in Nelspruit, Mpumalanga, ZA . We invest in employee development through training programs, industry conferences, and opportunities for advancement. You will work in a dynamic and innovative environment with a team dedicated to creating cutting-edge insurance solutions. Opportunities for career growth into senior leadership positions are available.