Head: Product at Absa Group Limited (Absa)

Job Summary

• To develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adoption i.t.o. product development methodology and delivery objectives.

Job Description

• Commercial management: Accountable for managing the commercial performance (P&L) of the product across the product lifecycle in support of the business's high-level financial ambitions and Balance Sheet shape;
• Product Management: Delivers a compelling and insights led Product Proposition offering that aligns to and enables the business and customer strategies: | Product Infrastructure: Accountable for the entire end-to-end infrastructure (People, Process and Technology) on which the product runs to support the target customer experience.
• Product Development & Strategy: Design and implement insurance product strategies that align with market trends and customer needs.
• Market Analysis: Conduct regular reviews of market trends and competitor activities to identify opportunities for product innovation and differentiation.
• Customer Value Proposition (CVP): Develop strong, differentiating CVPs for insurance products, informed by business intelligence and customer insights.
• Regulatory Compliance: Ensure all insurance products and processes comply with relevant regulatory requirements and internal policies.
• Stakeholder Collaboration: Work closely with internal teams (e.g., Sales, Marketing, Operations) and external partners (e.g., insurance providers) to coordinate product development and implementation activities.
• Performance Monitoring: Monitor product performance against key metrics and implement portfolio remediation strategies as needed to achieve growth and profitability targets.
• Training & Support: Provide training and support to the sales distribution team to enhance product knowledge and sales effectiveness.

QUALIFICATIONS & EXPERIENCE

• Education: Bachelor’s degree in Business, Commerce, or Management Studies.
• Experience: Minimum of 8 years in product management, with a strong background in Non-Life insurance. Experience in bancassurance is advantageous.

Skills:

• Strong analytical and strategic thinking abilities.
• Excellent communication and stakeholder management skills.
• Proficiency in product lifecycle management and regulatory compliance.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

End Date: October 8, 2025