Product Manager at FNB South Africa

Job Description

• Responsible for providing the direction and managing the creative process of a specialist team.

Hello Future Product Manager,

• Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. 

Are you someone who can:

• Oversee the creation and development of new insurance products tailored for insurance partnerships, including conducting market research, designing products, and formulating pricing strategies.
• Setup joint ventures with partners to create new distribution channels.
• Structure and understand cell captive arrangements.
• Ensure all products adhere to relevant regulations and standards by collaborating closely with legal and compliance teams to navigate the regulatory environment.
• Work with risk management teams to evaluate and mitigate risks associated with the products, including establishing underwriting guidelines and monitoring product performance.
• Interact with various stakeholders, such as cell owners, brokers, and reinsurers, to ensure products meet their needs and expectations.
• Monitor the performance of insurance products, analyse data, and make necessary adjustments to enhance profitability and customer satisfaction.
• Contribute to the overall strategy of the cell captives’ team by identifying market opportunities and developing plans to leverage them.
• Lead and mentor a team of product managers and other professionals, fostering a collaborative and innovative work environment.

You will be an ideal candidate if 

You have one of the following qualifications:

• Qualified or nearly qualified actuary
• Charted Accountant
• Engineering, mathematics or statistical degree
• You have experience within the cell captive environment working for one of the large cell captive insurers

You will have access to: 

• Opportunities to network and collaborate
• A challenging working environment that is progressive and agile
• Opportunities to innovate where initiative is taken and owned end to end

We can be a match if you are: 

• Project Management: Expertise in managing projects to guide product development from initial concept to final launch.
• Negotiation Skills: Excellent negotiation abilities to handle relationships with brokers, reinsurers, and other key stakeholders.
• Strategic Thinking: Capability to think strategically and ensure product development aligns with business objectives.
• Innovation: Creative approach to developing unique insurance products that fulfil market demands.
• Attention to Detail: Exceptional accuracy and meticulousness in product design and documentation.