Head: Product Management; Retail MMH

Role Purpose

To perform actuarial product development tasks as well as product and risk management of all retail risk, annuities and savings products for a number of African subsidiaries. Responsible for product design, setting the risk management framework, product pricing, and maintaining existing products. Ensuring that products remain competitive, relevant and meet profitability targets.

5-7 years’ product management experience with a proven track record of managing all aspects of the product lifecycle (essential)

3-5 years' management experience (desirable)

• Managing the delivery of innovative, value-for-money products to the market through the development, pricing and design of new products.
• Ensuring ongoing competitiveness and attractiveness of the individual life risk product range both from a product and pricing perspective.
• Delivering efficient and consistent service and support to all internal and external clients, hence ensuring a quality interaction and relationship with all stakeholders.
• Collaboration with all the other relevant stakeholders (internal and external) such as valuations, claims, underwriting, reinsurance partners etc.
• Understanding and using actuarial models both in terms of the regulatory and commercial environment.
• Contributing towards projects, initiatives, queries and team initiatives.
• Living the Momentum Africa culture behaviours namely:
  Client obsession, Unreasonable excellence, Authentic connections, Coureagous, Empowered ownership and Collaboration.
• Investigating, proposing and obtaining approval for the proposed product range changes.
• Driving and controlling successful implementation of product suite initiatives through to delivery including:
• Provide useful product and market insights to the segment businesses;
• Benefit design, basis setting and pricing;
• Close liaison and input into underwriting, enrolment and claims departments;
• Setting up of all administration, systems, legal and other required processes to deliver the product to market;
• Developing a close working relationship with the key distribution channels to ensure buy in to all products initiatives;
• Providing technical input and oversight of the product specific aspects contained in Client Facing Documents e.g. the User Guide and Contract.
• Ongoing monitoring and maintenance on each of the products in the range including:
• Monitoring sales volumes and experience in order to propose corrective actions and identify opportunities
• Special quotes and queries
• Building relationships and interacting with other disciplines in the organisation to ensure proactive management actions are taken
• Underwriting (including claims), Valuation and Investment management