Job Description

Empowering Africa's tomorrow, together...one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
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.

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)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Skills Required