Product Manager at Jubilee Insurance

Job Description

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Jubilee Insurance was established in August , as the first locally incorporated Insurance Company based in Mombasa in . Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.

Job Ref. No. JLIL

Role Purpose

The role holder will be responsible for identifying new product opportunities, product planning and execution. Gathering and prioritizing Life products and customer requirements, defining the product vision, integration of backend/frontend operations for all products before launch. The job holder will also be responsible for developing and implementing strategic plans for the Life company. The manager will work closely with all key stakeholders to ensure revenue and customer satisfaction goals are met as well as assessing the product performance and develop long term plans for future product lines that support the company’s overall strategy and goals.

Main Responsibilities

Product 

Identify and define the product opportunities, develop its strategy and product roadmap. Drive the execution of the product lifecycle processes for all Life products, including product research, market research, competitive analysis, planning, positioning, requirements development and product launch. Prepare market requirement documents and product requirement documents with prioritized features and corresponding justification. Plan for the company’s product growth and address any related problems, risks and challenges. Analyze consumer needs, current market trends, and potential partnerships from an ROI and build vs. buy perspective. Translate product strategy into detailed requirements for prototype construction and final product development. Work with internal and external stakeholders to assess partnerships and licensing opportunities. Constantly assess and review product performance and align it with the overall company strategy.

Requirements

Key Competencies

Excellent oral, written and online communication skills. Presentation skills Organized, numerate, analytical. Business planning and tracking. Time management.

Qualifications

Bachelor’s degree in Actuarial Science, Commerce, Statistics, or any other related field. Masters will be an added advantage. Diploma in Insurance/LOMA Qualification

Relevant Experience

A minimum of 7 years’ experience in Product Development Management