Job Description

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.

Apply now if you are interested in taking the next step. We look forward to engaging with you!

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.