Head of Product Development Specialist

3 weeks ago


Johannesburg, Gauteng, South Africa Specd Full time
Job Title: Head of Product Development

Specd is seeking a highly skilled and experienced Head of Product Development to join our team. As a key member of our leadership team, you will be responsible for driving the development and implementation of our life insurance products.

Key Responsibilities:
  • Product Design and Development: Support and participate in the execution of our life product strategy in an agile manner, understanding business needs and related gaps to inform the design of product solutions.
  • Data Analysis and Reporting: Oversee the development of actuarial or statistical models to aid decision-making and for short- and long-term financial projections, analysing data to identify trends and key insights.
  • Legal and Compliance: Ensure adherence to regulatory requirements and internal governance and control policies and procedures, preparing or reviewing product specifications and actuarial reports.
  • Actuarial Business Support: Support the group Life business as a member of the divisional exco team, overseeing the application of ORSA methodology and SAM processes and procedures.
Requirements:
  • NQF Level 7: Bachelor's degree – Actuarial Science.
  • Qualified Actuary.
  • Member of Actuarial Society /Institute of Actuaries.
  • Minimum 8 years' experience in an insurance regulatory environment.
  • Minimum 5 years' experience within actuarial environment, with specific experience related to life insurance pricing and product.
Competencies and Skills:
  • Objectivity.
  • Attention to detail.
  • Knowledge/Information Management.
  • Financial acumen.
  • Interpersonal awareness / empathy.
  • Judgement and Decision-making.
  • Leading and supervising.
  • Managing performance (goal/target setting).
  • Motivating People (includes Creating and Selling the Vision).
  • Analytical thinking.
Package and Remuneration:

Will be agreed based on qualifications, applicable experience, and previous earnings.



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