Job Description
Our client is looking for a Senior Product Development Manager who will lead Product Strategy & Development initiatives across Insurance products. The Senior Product Development Manager will be responsible for managing the strategy, development, and design of market-leading, competitively differentiated, and compliant Insurance products and propositions.
Job Responsibilities;
- Work closely with customer analytics to provide a holistic view of customer behavior & product/ coverage gaps in order to adopt a more proactive, market-leading approach toward existing product enhancement & new product development,
- Maintain a strong awareness of relevant market activity and work closely with senior underwriting, Marketing, and Banca Team, Digital & IT colleagues to develop specific visions and strategies that contribute to the future strategic direction of the company business. Interface with other internal business areas, to define, present, discuss, and agree on product plans and initiatives.
- Interface with other internal business areas, to define, present, discuss, and agree product plans and initiatives.
- Develop, drive, and deliver a revenue-generating product proposition strategy that ensures the needs and expectations of identified customer groups are met, complies with industry/ TIRA regulations, and mitigates any potential operational and legal risks.
- Manage the design and delivery of product initiatives to agreed timescales and budgets, keeping key stakeholders aware of progress and highlighting matters for resolution as appropriate.
- Maintain a strong awareness of relevant market activity and work closely with senior Product, Distribution, and Investment colleagues to develop specific visions and strategies that contribute to the future strategic direction of the business.
- Interface with other internal business areas, to define, present, discuss, and agree product plans and initiatives.
- Define, develop, and deliver a strategy to ensure products are launched and maintained according to the Product Development Model and the Product Lifecycle Management framework.
- Ensure regular analysis of customer, industry, and regulatory activity; recommend where strategic changes may be required that affect our existing products and propositions and drive through necessary enhancements, developments, and changes.
- Supply technical expertise to internal stakeholders about product structures and processes, attend internal product governance committees as required, and ensure existing products remain appropriate, compliant, and legal for the market by coordinating changes to existing product structures.
- Provide all appropriate and necessary reports to management.
- Any other duty may be assigned by the supervisor.
Requirements
- Bachelor’s degree in insurance, finance, economics, accounting, or business administration.
- Specialized Insurance Qualifications like CII, and AIII will be preferred.
- 5+ years’ experience managing insurance products & working experience filing insurance products with TIRA, and core underwriting functions, well versed with MRO of TIRA.
- Understanding of the Insurance and authorized fund regulatory environments, Understanding of market dynamics, market evolution, and competitive landscape.
- Strong Reinsurance Operations and Functional Knowledge.
- Experience ideally with an underwriting background.
- Experience in managing across different cultures, and across multiple jurisdictions/time zones due to RI relationships.
- Poise and confidence to operate at the board level.
- Eye for detail and diligence to ensure the accuracy of systems and processes.
- Commercially astute individual, capable of strategic thinking and sound judgment.
- Excellent analytical, communication, and influencing skills.
- Knowledge of data analytics, forecasting methods, and MS Office (Excel, Word, PowerPoint, etc.).
- Analytical mind and comfortable with numbers.
- Ability to deliver/ complete assignments timely.
- Good communication and people skills.
- Honest, confident and have high integrity.
- Fluent in English and Swahili.
- Reliable and ethical with a high degree of integrity.
- Able to get on with others and be a team player.