Executive: Product Development

1 week ago

Sandton, South Africa Momentum Metropolitan Holdings Full time

-Introduction

Responsible for product development within the Life company.
Role Purpose

Responsible for product development within the Life company.
Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Statistics or related field
- At least 5 years’ life insurance working experience with some managerial experience
- Product development, pricing and analytics experience will be an advantage
Duties & Responsibilities
- Develop a product development framework that will drive the development and implementation of new and innovative group and Individual life products.
- Leverage analytical capabilities and build intelligent tools to extract insights required to develop new product solutions.
- Chair a product development forum that leverages the skillsets within the business to support the product development strategy.
- Continuously monitor existing products to identify gaps and the ongoing appropriateness of the original product design and structure, presenting results to stakeholders.
- Keep abreast of product related regulatory changes, new product and industry trends and competitor offerings. Feed these learnings and information into the business by means of product training and information sharing sessions.
- Engage with business intelligence, risk, legal & compliance, underwriting, reinsurance, and other internal stakeholders to develop product requirements, product guides and provide input into terms and conditions.
- Liaise with the marketing team on the structuring of new products.
- Liaise with the structuring & solutions team on the pricing and review of new products in line with any regulatory and professional guidelines
Competencies
- Analytically and technically strong
- Innovative and able to think outside of the box
- Detail oriented, while not losing sight of the big picture
- Collaborative and a strong team player
- Able to network with various stakeholders
- Excellent when it comes to their written and verbal communication skills
- An organised person with interpersonal skills
- Comfortable with different actuarial techniques
- A quick learner and a self-starter
- Able to adapt to change
- Think laterally to solve complex problems
- Able to work accurately under pressure and meet deadlines

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

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