Product Specialist

6 months ago

Johannesburg, South Africa Absa Bank Limited Full time

Empowering Africa’s tomorrow, together one story at a time.
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

This role forms part of the AVMS Product Team, which is accountable for product design, development, deployment and management of the Absa Vehicle Management Solutions (AVMS) product portfolio. The team and role are responsible for the holistic lifecycle management, balanced scorecard and value propositions, including ongoing management and implementation of new and existing products within AVMS.

**Job Description**:
**Job Description**:
Keep abreast of industry developments, i.e. legislation - AARTO, second hand vehicle market - Residual Values.

Key Accountabilities

Product Design and Development

Provide support in
- Design and development of new and existing products, ensuring that they are commercially viable product propositions spanning the product lifecycle.
- Driving innovation around the product development and management cycle.
- Preparation of business cases for new product developments.
- Manage marketing collateral
- Operational query resolution of aspects relating to the product portfolio.

Risk Management
- Ensuring adherence and an optimal and compliant control environment for the product portfolio.
- Responsible for managing the implementation of recommendations made to enhance risk management techniques internally.

Stakeholder Management
- Responsibility for service upkeep and monitoring from third party product providers and monitors client experience
- Ensures service delivery is in line with SLA’s.
- Drive interaction with all relevant Infrastructure areas across the business in addressing product

management requirements and priorities.
- Drive relevant communication related to product changes or new product implementations.
- Effectively communicate developments within areas of activity to all relevant internal and
- external stakeholders.

Finance
- Monitor financial performance of products.
- Assist in providing data to compile Medium term plans (MTP) and Short Term Plans (STP) budgets on an annual basis and track performance against these budgets.
- Understand financial impact of product development and marketing activities in order to align
- with budgets available.

Product Management
- Collaborates with the respective stakeholders in ensuring that product value propositions seamlessly integrate into relevant segment and sector value propositions to support and enable the acquisition and retention of customers in specific segments and sectors to support the targeted commercial and customer shapes.
- Coordination of activities relating to roll out of new products and product enhancements.
- Responsible for updates and change of product and process documentation.
- Provides exception reporting on rate and fee deviations and revenue leakage in maintaining key product performance indicators for the respective product portfolio
- Implementation of new product or changes to existing products into the business.

Training and Development
- To complete 100 % of contracted training and contribute to self-development to enhance your skills and marketability:

- Agree ownership of work as per Performance Development (PD) Plan and be accountable for own performance and development
- Ensure a PD plan is signed for PD calendar year and that the PD reviews are undertaken with team leader/manager in line with the PD calendar.

Competencies
- Strategic capability
- Customer Centricity
- Collaboration and Influencing
- Business Acumen
- Problem Solving
- Leadership
- Pan African Citizen
- Working in a team
- Adhering to principles and values
- Following instructions and procedures
- Adapting and responding to change
- Coping with pressure and setbacks
- Delivering results and meeting customer expectations

Education

Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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