Job Description
About the Role
A leading insurance company is seeking a Product Development Executive to join their team in Johannesburg. The Life insurance division is looking for a highly skilled professional to drive product development and implementation of new and innovative group and individual life products.
Key Responsibilities
- Develop a product development framework that will drive the development and implementation of new and innovative group and individual life products.
- 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.
- Engage with business intelligence, risk, legal & compliance, underwriting, reinsurance, and other internal stakeholders to develop product requirements, and 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.
Requirements
- 3 5 years life insurance working experience with some managerial experience
- Product development, pricing and analytics experience will be an advantage
Qualifications
- Nearly qualified or qualified Actuary
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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