Product Development Consultant at Rand Mutual - RMA

Job description

Purpose

Reporting to the General Manager, Sales and Marketing, the incumbent will be responsible to review product performance in order to design, develop and manage new, existing or acquisition products

Qualifications and Experience Required

• Business degree
• 5 years relevant experience
• Minimum 3 years in life insurance in a similar environment
• Valid driver’s license
• Must be able to travel

Key Areas of Responsibility

• Product and business development
• Product research including viability/feasibility assessment and performance
• Ongoing management of products including market suitability
• Champion in product related projects
• Working with clients to assess gaps and develop required solutions
• Keep abreast of industry and competitor moves
• Assist in articulating technical product specifications to company role players
• Work with Client Services Managers and Sales Managers to understand and analyze the client requirements.
• Present the client requirements to the design team to design and deliver solutions as per client needs.
• Assist in design, development, and management of new, existing or acquisition products.
• Participate in design sessions for development of new functionality and for customization of existing functionality.
• Review product performance against client requirements to provide optimal product.
• Perform product demonstrations for both prospective clients and existing clients as needed.
• Maintain a thorough understanding of marketplace, competitors and industry trends in order to identify new business and marketing opportunities.
• Develop product reference document and product courseware for customers.
• Ensure marketing and training materials are fully compliant and appropriately updated and distributed.
• Create and maintain a product marketing plan for increasing sales and revenue.
• Work with management and client to determine product roadmap and milestones
• Knowledge, Skills and Competencies Required
• Expertise in product knowledge, technical knowledge, and industry and process knowledge in relevant product areas.
• MS Excel proficiency
• Analytical skills
• Excellent written and verbal communication
• Problem solving
• Solutions design
• Quality/accuracy orientation
• Analytical
• Entrepreneurial