Unit Head, Product Development

To provide high-quality insights and recommendations by conducting comprehensive research on products and services, analysing market trends and competitors, and identifying potential new products. This involves defining and executing new product development and reviews, including specifications, pricing, and timelines for product launches. The goal is to drive revenue growth, profitability, market share, brand equity, and customer loyalty.

Role Qualification:

Academic/Professional:

• Bachelor’s degree in mathematics, Actuarial Science, Statistics or related course of study.

Work Experience:

• At least 3 years’ experience and with track record in conducting actuarial and risk analysis.
• VBA, SAS & R programming will be an added advantage.

Key Responsibilities:

• Manage relationships directly with external parties such as, but not limited to, AXA Group entities, actuarial consultants and the company’s auditors.
• Participate in cross-functional teams to develop new and enhanced systems, processes, programs, and policies to support business needs.
• Perform market research to assess viability of potential new products and to measure success of recent campaigns. Research into key areas of the Company’s operations, especially with regards to customers, product opportunities and competitive positioning. Carry out analysis of consumer data to determine suitable product offerings and their positioning.
• Evaluate production costs to develop pricing strategies and understanding the impact of pricing on profit margins.
• Develop new products based on research, assess product requirements, carry out forecasting for new product.
• Collaborate to ensure marketing objectives and schedules for all phases of product solicitation and introduction to market including but not limited to sales materials and retail presentations. Produce competitive analysis materials comparing product with its key competitors.

Required Skills and Competencies

• Excellent communication and presentation skills in both written and verbal context.
• Analytical and computational – make informed decisions through strong analytical, conceptual and critical thinking skills.
• Ability to manage and motivate direct reports to produce high quality results and make significant progress through their career.
• Excellent organizational skills with strong attention to detail and ability to drive results.