Senior Product Manager - Insurance Solutions

Placements24; Bloemfontein; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary with performance‑dr

Medical aid

Retirement savings plan

Annual leave

Professional development

Job summary

Placements24 in Bloemfontein seeks a Senior Product Manager to lead the insurance product portfolio, set strategy, and drive lifecycle management in a competitive market. You will own the product roadmap and act as the product expert across departments.

Collaborating with Marketing, Sales, Underwriting, IT and Legal, you will develop business cases, pricing strategies, and go-to-market plans while ensuring regulatory compliance and strong customer value.

Qualifications

• Bachelor's degree in Business Administration, Marketing, Finance or related field required or equivalent.
• MBA or relevant industry certifications highly preferred.
• Minimum of 6 years in product management, preferably in insurance or financial services.
• Strong understanding of product development, market analysis and competitive intelligence.

Responsibilities

• Define and execute the product vision, strategy, and roadmap for the insurance product portfolio.
• Conduct market research, competitive analysis, and customer needs assessments to identify opportunities.
• Oversee the product lifecycle from ideation to launch, growth and end-of-life.
• Collaborate with marketing, sales, underwriting, IT and legal to ensure successful product development and implementation.
• Develop business cases, pricing strategies, and go-to-market plans for new products.
• Monitor product performance, analyze key metrics, and implement improvements for profitability and customer satisfaction.
• Ensure compliance with regulations and internal policies.
• Act as subject matter expert for the product portfolio and support internal stakeholders.

Skills

Product strategy

Market research

Stakeholder management

Cross-functional leadership

Strategic thinking

Data analysis

Insurance domain knowledge

Education

Bachelor's degree in Business Administration/Marketing/Finance

MBA or relevant certifications

Job description

About the Role

Our client, a forward-thinking insurance provider based in Bloemfontein, Free State , is looking for an innovative and strategic Senior Product Manager to spearhead the development and management of their insurance product portfolio. This role is crucial for driving product strategy, ensuring market competitiveness, and delivering exceptional value to customers. The ideal candidate will possess a deep understanding of the insurance market, customer needs, and product lifecycle management. This is an exciting opportunity to lead product innovation in a key regional market and contribute significantly to the company's growth trajectory. You will work within a collaborative environment and be a key driver of strategic initiatives.

Key Responsibilities

• Define and execute the product vision, strategy, and roadmap for the insurance product portfolio.
• Conduct market research, competitive analysis, and customer needs assessments to identify new product opportunities.
• Oversee the entire product lifecycle, from ideation and development to launch, growth, and end-of-life.
• Collaborate closely with cross-functional teams, including marketing, sales, underwriting, IT, and legal, to ensure successful product development and implementation.
• Develop business cases, pricing strategies, and go-to-market plans for new products.
• Monitor product performance, analyze key metrics, and implement improvements to optimize profitability and customer satisfaction.
• Ensure all products comply with relevant regulations and internal policies.
• Act as a subject matter expert for the product portfolio, providing guidance and support to internal stakeholders.

Requirements

• A Bachelor's degree in Business Administration, Marketing, Finance, or a related field.
• An MBA or relevant industry certifications are highly preferred.
• A minimum of 6 years of experience in product management, preferably within the insurance or financial services industry.
• Proven track record of successfully launching and managing insurance products.
• Strong understanding of product development methodologies, market analysis, and competitive intelligence.
• Excellent strategic thinking, analytical, and problem-solving skills.
• Exceptional communication, presentation, and stakeholder management skills.
• Ability to lead and influence cross-functional teams in a matrix environment.
• Deep understanding of customer needs and market trends within the insurance sector.

Benefits

Our client offers a competitive salary package with performance-based bonuses. Comprehensive benefits include medical aid, a retirement savings plan, and substantial annual leave. We provide significant opportunities for professional development, including advanced training programs and support for relevant industry qualifications. This role, based in our modern Bloemfontein offices, offers a dynamic and collaborative work environment. Join a company that values innovation and rewards talent, contributing to shaping the future of insurance products.