Simple Life Solutions

Tipp Focus Holdings; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading company in the insurance sector is seeking a qualified candidate to manage and develop risk products tailored for Middle Market customers. The role requires overseeing all phases of product innovations, from concept to execution, while ensuring compliance and performance evaluations. Ideal candidates will possess strong commercial acumen, communication abilities, and a degree, with 5 to 10 years' relevant experience in similar roles.

Qualifications

• 5 to 10 years of relevant experience.
• Strong ability to apply commercial and innovative thinking.
• Degree required.

Responsibilities

• Manage product development and execution for simple life solutions.
• Analyze profitability and commercial contribution of products.
• Collaborate with teams to implement solutions and monitor performance.

Skills

Commercial and innovative thinking

Communication skills

Business writing skills

Leadership skills

Technical and problem-solving skills

Ability to work under pressure

Education

Degree

Job description

The successful candidate will assist in risk product development and management, focusing on Life Insurance solution development within the organisation, with simplified underwriting models aimed at Middle Market customers. This largely entails reviewing and managing the existing simple life cover product suite, ensuring these risk products remain suitable for customers, and risks and commercials are managed. This includes providing support and oversight on pricing, operational, monitoring, and other supporting processes regarding the products.

He/she will be responsible for leading exciting new innovations and product developments, including all phases from research and analysis, creating business cases, designing the product, supporting approvals, and implementations including go-to-market strategies. The role includes the opportunity to interact with a wide range of key individuals across the organisation, enabling the execution of the Group's strategic objectives related to penetrating the risk product into the Middle Market customer segments.

Competencies:

• The role will suit creative individuals and broad thinkers who enjoy working collaboratively with different stakeholders.
• Strong ability to apply commercial and innovative thinking.
• Communication skills.
• Business writing skills.
• Leadership skills.
• Works well in a team.
• Technical and problem-solving skills.
• A strong sense of accountability.
• Ability to work under pressure.
• Experience with implementing change and engaging with senior stakeholders.
• An interest in learning new things and exploring alternative solutions in the simple life risk product area.

Desired Skills:

• Business writing skills.
• Works well in a team.
• Communication skills.
• Commercial and innovative thinking.

Desired Work Experience:

• 5 to 10 years.

Desired Qualification Level:

• Degree.

About The Employer:

Responsibilities:

• Translate strategic simple solutions projects into structured execution plans and drive delivery, managing outputs of team members and stakeholders, supported by a manager.
• Participate as a senior team member in developing new simple life solutions or enhancing existing solutions, including analyzing profitability and commercial contribution.
• Leverage inputs from stakeholders to understand market trends, customer needs, regulatory requirements, and identify product opportunities.
• Develop and maintain technical product artefacts such as specifications, customer communication materials, and marketing content.
• Collaborate with technology teams to ensure solutions are properly implemented.
• Monitor and assess solution performance using management information and data to inform recommendations.
• Support commercial and risk management within solutions, including assessing risks related to pricing, mortality, morbidity, lapses, operational, and market risks.
• Incorporate risk mitigations through product design, pricing, underwriting, claims, reinsurance, and other functional areas to ensure solutions are optimized and risks are managed.
• Ensure compliance with internal policies and standards, following governance procedures for approvals and sign-offs.
• Prepare and present reports to governance or management forums.
• Mentor and guide junior team members and participate in cross-functional teams for strategic initiatives.