Head: Product Development

2 weeks ago


Centurion, Gauteng, South Africa Momentum Investments Full time

Introduction

  • Through our clientfacing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.
    Role Purpose
  • Accountable for the design, implementation and ongoing management of the Momentum Investments Annuities and Structured products to ensure that Momentum Investments delivers on its strategic objectives

Requirements:

  • Postgraduate degree in Actuarial Science
  • Fellow of the Actuarial Society of South Africa (ASSA) preferred.
  • 57 years of experience in annuities and structured products.
  • 35 years of leadership experience.
  • Solid understanding of the regulations of the annuities and structured.

Duties & Responsibilities

  • Drive the design, development and implementation of profitable and competitive products that support the growth of Annuities and Structured Products.
  • Oversee the ongoing management and maintenance of the Annuities and Structured products to ensure they support clients and advisers in achieving their goals and are futurefit from a business perspective. This includes various capabilities like product management, pricing and profitability management, revenue optimisation, data analytics and insights and product structuring.
  • Ensure that the various stakeholders and governance processes are incorporated into the product development and maintenance processes.
  • Management and coordination of the ongoing review of products to ensure regulatory compliance and competitiveness in relevant markets.
  • Close collaboration with internal investment business units to unlock opportunities.
  • Take the lead in presenting solutions and proposals to governance forums including the product management committee, business management committees, and divisional Excos, as required.
  • Provide leadership for the content design of the product for marketing material, adviser and client documentation including Terms and Conditions, statements, brochures, client letters, etc.
  • Take the lead in ensuring the product development team stays abreast of local and global Annuities and Structured trends, research, and analysis to timeously identify opportunities in the market to develop new products, capabilities, and new areas of growth or to streamline or adjust the existing product offering.
  • Close collaboration with the independent and tied distribution teams to ensure that market needs are well understood and incorporated in product design and maintenance decisions.
  • Manage the product development team, oversee quality of work and mentor junior specialists.

Effectively lead a team

  • Create a positive work climate and culture to energize employees, give meaning to work, minimize work disruption, and maximize employee productivity.
  • Demonstrate exemplary leadership behavior, through personal involvement, commitment, and dedication in support of the Momentum Investment GRITx values.
  • Drive a culture that guides and directs best practices, fostering an environment of continuous learning, improvement, and cohesiveness.
  • Enable a learning and growth culture whereby information regarding successes, issues, trends, and ideas are actively shared between team members.
  • Effectively manage performance within the team to ensure business objectives are achieved.
  • Encourage innovation, change agility, and collaboration within the team.

Self management and teamwork (People)

  • Develop and maintain productive and collaborative working relationships with peers, financial advisers' clients, and internal and external
  • Positively influence and participate in change
  • Continuously develop own expertise in terms of professional, industry, and legislation
  • Contribute to continuous innovation through the development, sharing, and implementation of new
  • Take ownership of driving career
  • Effectively manage time and ensure optimal
  • Ensure technical product and legislative knowledge is always current to propose the most relevant and innovative client solutions and comply with governance requirements.

Competencies
-
Leadership:

  • Thought Leadership and Oversight
  • Collaboration and Stakeholder Management
  • Presentation and Communication Skills
  • Leadership and Team Management
-
Interpersonal Skills:

  • Collaboration and Stakeholder Management
  • Positive Work Climate and Culture
  • Teamwork
  • Communication Skills
-
Strategic Perspective:

  • Thought Leadership and Oversight
  • Market Research and Analysis
  • Competitive Pricing Strategies
-
Business Acumen:

  • Product Design and Management
  • Thought Leadership and Oversight
  • Collaboration and Stakeholder Management
  • Competitive Pricing Strategies
  • Regulatory Compliance
-
Innovation:

  • Thought Leadership and Oversight
  • Market Research and Analysis
  • Collaboration and Stakeholder Management
  • Encouraging I


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