Product Owner – Insurance at Safaricom Kenya

Brief Description

Reporting to the Tribe Lead - Next Financial Services, the role holder will be involved in fformulation of Insurance and related products strategy in the different insurance verticals in order to drive financial Inclusion and health, security and stability agenda for Safaricom customers and businesses driven by extensive market research and analysis in an agile environment.

The role works with different business partners, business unit partners and cross-functional teams to develop presence and penetrate M-PESA in the Insurance sector as a whole.

Job Responsibilities:

• Develop and implement Safaricom’s Insurance strategy.
• Develop and launch Safaricom flagship insurance product propositions.
• Conceptualize new strategic initiatives around the insurance Industry.
• Specify market requirements for current and future products by conducting market research.
• Collaborate with cross-functional teams and squads to structure and execute business initiatives, lead analysis and develop and communicate final recommendations that impact the customers insurance needs
• Engage with key influencers and decision makers across different teams to accomplish the financial services goals.
• Lead a cross-organizational team in finding solutions that are fit and sound for the market.
• Collaborate with new and existing partners to develop new ideas based on your industry experience.
• Champion the adoption of best practices and procedures for the changing trends and technologies in financial services.
• Coordinate the management of ongoing insurance products and insurance partners.
• Identify strategic partnership areas with Insurance companies.
• Increasing the profitability of existing Insurance products.
• Define compelling go-to-market strategy for insurance product that position them competitively in the market and support the relevant teams in the execution.
• Collaborate with cross functional teams to manage the entire life cycle of the Insurance products.
• Suggest and develop processes and services to improve current insurance products.
• Help organize and lead critical planning meetings, status updates, business reviews and other communications.
• Be an expert in customer trends, stay informed of data-driven marketing news, emerging technologies and competitor offerings.
• Support the financial services and strategic partnerships business in key business projects and initiatives.
• Deploy leadership and management of squad members with agile ways of working.

QUALIFICATIONS

• Bachelor’s degree in a business related field.
• A Masters degree will be an added advantage
• 5-8 years’ experience in a Financial Institution, 2-3 of which should have been in managerial  role preferably in Insurance, technology or telecommunication Industry handling business/product/strategy development
• Must have deep understanding and experience in the Insurance regulatory requirements.
• Must have strong understanding of healthcare financing, insurance (all fields) and mobile phone markets in developing countries.