Specialist: Market Research and Product Development
1 week ago
**Job Advert Summary**:
The company’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The company provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, the company has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
**Minimum Requirements**:
**Develop and review value propositions of the company in chosen market and customer segments**
- Creates the required financial instruments as part of the structuring of a new product.
- Completes financial modelling for funding, from first principles, with an advanced understanding of Microsoft Excel and financial model building.
- Executes post scoping product development, takes product development projects from pre-feasibility to implementation stage.
- With the analysis from the business, completes product and market analysis to assess feasibility in the market.
- Structures financial transactions including risk identification and mitigation, selection of financial instruments and packaging of funding requirements, packaging of security and lead arranger negotiations.
- Prepares supporting financial documentation and obtains approval on templates before launching a new product.
- Advise on pricing and recommends pricing alternatives that yield proper risk/return relationship through appropriate financing instruments.
- **Conduct market research including assessment and analysis of competitor value propositions, products, pricing and services**
- Undertake research on the market, competitors, pricing, products and services.
- Analyse and interpret all DFI, commercial bank and other appropriate financial products.
- Examine those profiles applicable in Agricultural sector and their constitutions.
- Understand and assesses market structures including the activities of competitors and effects of banking provision on agricultural industry. ** Manage governance and ensure compliance with product approval process**
- Review the product approval process on an annual basis.
- Ensure compliance with all required processes and that product-related documents are submitted to appropriate committees and approval records maintained for all product related transactions.
- Custodian of the Product Advisory Committee and must ensure regular meetings and maintenance of documentation.
**Duties and Responsibilities**:
**1. Develop and review value propositions of the company in chosen market and customer segments**
- Creates the required financial instruments as part of the structuring of a new product.
- Completes financial modelling for funding, from first principles, with an advanced understanding of Microsoft Excel and financial model building.
- Executes post scoping product development, takes product development projects from pre-feasibility to implementation stage.
- With the analysis from the business, completes product and market analysis to assess feasibility in the market.
- Structures financial transactions including risk identification and mitigation, selection of financial instruments and packaging of funding requirements, packaging of security and lead arranger negotiations.
- Prepares supporting financial documentation and obtains approval on templates before launching a new product.
- Advise on pricing and recommends pricing alternatives that yield proper risk/return relationship through appropriate financing instruments.
**2. Conduct market research including assessment and analysis of competitor value propositions, products, pricing and services**
- Undertake research on the market, competitors, pricing, products and services.
- Analyse and interpret all DFI, commercial bank and other appropriate financial products.
- Examine those profiles applicable in Agricultural sector and their constitutions.
- Understand and assesses market structures including the activities of competitors and effects of banking provision on agricultural industry.
**3. Manage governance and ensure compliance with product approval process**
- Review the product approval process on an annual basis.
- Ensure compliance with all required processes and that product-related documents are submitted to appropriate committees and approval records maintained for all product related transactions.
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