Deadline of this Job: 22 July 2022
Role Purpose

The Product Manager will be responsible for the Life product planning and execution throughout the Product Lifecycle, including gathering and prioritizing Life products and customer requirements, defining the product vision, integration of backend/frontend operations for all products before launch and working closely with actuarial, sales, marketing teams and all key stakeholders to ensure revenue and customer satisfaction goals are met. The Product Manager will also ensure that the product supports the company’s overall strategy and goals.

Main Responsibilities

• Define the product strategy and roadmap
• Prepare Market Requirement Documents and Product Requirement Documents with prioritized features and corresponding justification.
• Analyse consumer needs, current market trends, and potential partnerships from an ROI and build vs. buy perspective.
• Drive the execution of all product lifecycle processes for all Life products, including product research, market research, competitive analysis, planning, positioning, roadmap development, requirements development, and product launch
• Translate product strategy into detailed requirements for prototype construction and final product development
• Work with external third parties to assess partnerships and licensing opportunities
• Develop the core positioning for the Life products
• Monitoring the market and developing competitive analyses.

Key Competencies

• Visionary Leadership
• Entrepreneur Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Qualifications

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

Relevant Experience

• A minimum of 7 years’ experience in Product Development.
• Project management experience will be an advantage.
• Deep knowledge of the insurance industry

go to method of application »

Role Purpose

The Unit Linked Sales Manager is responsible for delivering the unit linked products new business as per the set budgets, meeting revenue budget, engagement with stakeholders to ensure the seamless running of the backend / frontend operations for unit linked products and ensuring that the distribution channel is well equipped and adequately trained to sell the Unit Linked products.

Main Responsibilities

• Build and maintain a sales force whose focus is primarily to sell the unit linked products
• Manage and direct a productive sales force to ensure smooth running of the team
• Ensure the sales force are professionally trained to sell and service the Unit Linked products
• Meet the sales target for unit linked products
• Ensure that persistency level of the Unit linked products meets the Company’s acceptable set standards.

Key Competencies

• Visionary Leadership
• Entrepreneur Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Qualifications

• Bachelor’s degree in Sales, Marketing or any other related field.
• Masters will be ad added advantage.
• Diploma in Insurance/LOMA Qualification

Relevant Experience

• A minimum of 5 years’ experience in Sales.
• A minimum of 2 years’ experience in Unit Linked Product Sales
• Project management experience will be an advantage.
• Deep knowledge of the insurance industry

go to method of application »

Deadline of this Job: 22 July 2022
Role Purpose

The role holder will be responsible for the Sales, Distribution and Marketing of Group Life products and grow the business by identifying new business opportunities and building positive and lasting relationships. The role holder will also drive synergy with other business heads to support the broader organizational strategic plan in ensuring competitive positioning of the company in its target markets.

Main Responsibilities

• To meet revenue targets for Group Life / Group Credit Life
• Responsible for generation of new business leads, negotiation of product pricing and growth of sales revenue.
• Participate in the development & preparation of short-term and long-term plans based on the company strategic plans & objectives.
• Spearhead the development, communication and implementation of effective growth strategies and processes.
• Provide leadership to the business development team and improve the productivity of the team.
• Researching, planning and implementing new target market initiatives
• Strength intermediaries’ relationships.
• Ensure full compliance with all relevant legislations.
• Responsible for qualitative and quantitative reporting of business performance.
• Put in place mechanisms to ensure high levels of customer satisfaction.

Key Competencies

• Visionary Leadership
• Entrepreneur Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Qualifications

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

Relevant Experience

• A minimum of 7-8 years’ experience in Group Life Business.
• Project management experience will be an advantage.
• Deep knowledge of the insurance industry

go to method of application »

Main Purpose 

The role holder will work within the IFRS17 workstream, with the responsibility for technical modelling and actuarial computations, implementation within strict timelines, system set-up, user acceptance testing, dry run & go live.

Main Responsibilities

IFRS17 transition and reporting

• Technical modelling, actuarial computations, and reporting under IFRS17 methods.
• Develop controls, model audit trails, validation and documentation around estimates and judgement in IFRS17 implementation for data & results consistency, completeness, and accuracy.
• Modelling Jubilee financial statements under IFRS17 basis and comparatives to IFRS4.
• Testing products to examine their technical & operational feasibility under IFRS17.

System set-up

• Setting up product models and reporting on actuarial & IFRS17 software
• User Acceptance Testing

Projections and Budgeting

• Projected actuarial cash flows under IFRS17 budgets

Financial & regulatory reporting

• Inputs to regulatory reports i.e., Financial Condition Report, Solvency, Risk Based Capital reports
• Support stakeholders with actuarial inputs: Finance, appointed actuary and audit/ assurance teams on IFRS17
• reporting within monthly, quarterly & end year reporting timelines

Profit testing

• Profit-testing of products under IFRS17 and recommendations on optimal treatment of onerous contracts
• New product development & reporting: Technical analysis under IFRS17

Actuarial analyses

• Analysis of Jubilee’s value of new business, embedded value & Asset Liability Management valuations
• Risk assessment, management, and reporting under IFRS17 reporting

Key Deliverables

• Fulfill IFRS17 implementation for the region
• Appropriate pricing to achieve target profit criteria set by executive management
• Actuarial reporting for regulatory compliance & financial statements.

Academic Qualifications

• Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field
• Professional actuarial exams (associate under IFOA/SOA or equivalent) is a mandatory requirement
• Accounting qualification will be an added advantage

Key Competencies

• Entrepreneurial Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Experience

• Minimum of three (3) years’ relevant experience, one (1) of which is at a supervisory level.