Product Manager: Homeowners Insurance - Johannesburg at Absa Group Limited (Absa)

Job Summary

• Minimum 7 to 10 years' experience within the Short-Term Insurance industry.
• Minimum 5 years' experience in Product Management, Product Development, Portfolio Management, or Product Strategy. Proven experience within Personal Lines, Homeowners, Household Contents, or Property Insurance products.
• Demonstrated success in managing product portfolios and driving commercial performance.
• Experience working with cross-functional stakeholders and leading strategic initiatives.
• Strong understanding of insurance regulations, governance frameworks, and market trends.

Job Description

• Product Enhancement: Remain abreast of industry standards to identify new product opportunities.
• Risk and Control: Continuously review product processes to identify areas of real and potential risk within the Product
• Product Analysis: Review Product process to continuously look for enhancements within the product process
• Stakeholder Management: Manage relationships with critical stakeholders such as tech, operations, channel etc to ensure optimal product delivery end to end

Key Responsibilities

• Develop and execute the product strategy for the Homeowners Insurance portfolio.
• Manage the end-to-end product lifecycle, including product design, development, enhancement, and maintenance.
• Drive portfolio growth, profitability, retention, and market competitiveness.
• Monitor product performance and identify opportunities for optimisation and innovation.
• Conduct market research, competitor analysis, and customer insight reviews.
• Collaborate with Underwriting, Actuarial, Claims, Distribution, Marketing, Compliance, Operations, and Technology teams.
• Prepare business cases and recommendations to support product enhancements and new product initiatives.
• Ensure compliance with all regulatory requirements and governance standards.
• Support strategic initiatives that enhance customer experience and business performance.

Minimum Requirements

Qualifications

Bachelor's Degree in:

• Business Management
• Commerce
• Finance
• Insurance
• Economics
• Marketing
• Actuarial Science
• or a related field
• Relevant Short-Term Insurance qualifications will be advantageous.
• Postgraduate qualification (Honours, MBA, MCom, or equivalent) is advantageous.
• FAIS Regulatory Examination (RE5) is advantageous.

Experience

• Minimum 7 to 10 years' experience within the Short-Term Insurance industry.
• Minimum 5 years' experience in Product Management, Product Development, Portfolio Management, or Product Strategy.
• Proven experience within Personal Lines, Homeowners, Household Contents, or Property Insurance products.
• Demonstrated success in managing product portfolios and driving commercial performance.
• Experience working with cross-functional stakeholders and leading strategic initiatives.
• Strong understanding of insurance regulations, governance frameworks, and market trends.

Key Competencies

• Product Strategy and Portfolio Management
• Commercial and Financial Acumen
• Customer-Centric Thinking
• Product Development and Innovation
• Market Analysis and Competitive Intelligence
• Stakeholder Management and Influence
• Strategic Problem Solving
• Project Management
• Excellent Communication and Presentation Skills

Education

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

End Date: August 26, 2026