Product Analyst

2 days ago

Centurion, South Africa Boardroom Appointments Full time

Product Analyst

Minimum Requirements:

  • Related Degree 3+ years experience working in Product Team in Long Term Life Insurance, or Re-Insurance.
  • In-depth knowledge of Life Insurance products and processes, with emphasis on Product Rules, Premium Rates & Charges, value calculations, and investment structures.
  • 5+ years of actuarial specialist experience Experience 
  • Certification in SQL Advanced Excel Agile methodology or similar workflow (e.g., AWD) 
  • Testing methodologies & tools Financial / Statistical Mathematics
  • Competencies:
  • Business Acumen Responsive to change, encourage and support innovation Client-Centric
  • Focused on Diversity and Inclusive Strong listening skills Openness result-oriented

Responsibilities:

  • Gather and interpret requirements from key stakeholders/customers in line with business analysis and existing product team frameworks.
  • Analyse product and business requirements and validate and translate these into clear and effective requirement specifications, for each impacted development area. '
  • Ensure that requirements and business process specifications are documented and presented in line with both current best practice, and existing product team specification frameworks. 
  • In collaboration with project and testing teams, oversee the quality delivery of requirements and business process specifications that meet the agreed deliverables in line with best practices and business processes. 
  • Ensure that requirements and business process specifications are reviewed, validated, tested, and approved by relevant stakeholders at each stage in the development cycle, from conceptual to end product.
  • Participate in the conceptual solution design process to make recommendations to create and enhance solutions that are innovative, duplicable, and sustainable and solve complex business problems.
  • Collaborate closely with all stakeholders and solutions teams, in an ongoing process from end to end, to ensure delivery requirements and expectations remain current and adaptive to the changing environment.
  • Participate in User Acceptance testing and guide users to ensure that the designed solution ultimately meets business requirements.
  • Manage change requests and queries, collaborate with all stakeholders, and facilitate prioritization of changes to specifications and processes, and ensure that queries, changes are tracked and accurately resolved.
  • Use scenario testing and test cases to ensure that testing covers all aspects of the business specification and anticipated processes. 
  • Keep abreast of relevant legislative, IT, and business trends and practices to optimize service offerings and minimize risk. 
  • Make recommendations to improve client service and fair treatment of clients within the area of responsibility. 
  • Participate and contribute to a culture that builds rewarding relationships, facilitates feedback, and provides exceptional client service. 
  • Drive client service delivery goal achievement in line with predefined standards to ensure that clients receive appropriate advice and after-sales service. 
  • Contribute to creating a positive work climate and culture to energize employees, give meaning to work, minimize work disruption, and maximise employee productivity. Be and encourage innovation, change agility, and collaboration within the team. 
  • Identify solutions to enhance cost-effectiveness and increase operational efficiency. 
  • Manage financial and other company resources under your control with due.

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