Product Owner - Protect at Power Financial Wellness

Key Responsibilities:

Product Vision and Strategy:

• Define the overall vision and strategy for insurance products, aligning them with the company's goals and objectives.
• Work closely with stakeholders to understand market trends, customer needs, and regulatory changes that may impact insurance products.

Backlog Management:

• Maintain and prioritize the product backlog, which includes features, enhancements, and bug fixes.
• Collaborate with stakeholders to gather requirements and create user stories that clearly define the functionality of the product.

Stakeholder Collaboration:

• Act as a liaison between business stakeholders, including underwriters, claims adjusters, and actuaries, and the development team.
• Ensure effective communication and collaboration between different teams to meet business objectives.

Release Planning:

• Collaborate with the development team to plan and prioritize releases based on business priorities, market needs, and technical constraints.
• Define the scope of each release and ensure that it aligns with the overall product roadmap.

Risk Management:

• Identify potential risks and challenges associated with the development and implementation of insurance products.
• Work with stakeholders to develop mitigation strategies and ensure that the product meets regulatory compliance.

Quality Assurance:

• Define acceptance criteria for user stories and work with the quality assurance team to ensure that the product meets the specified requirements.
• Conduct user acceptance testing to validate that the product meets business expectations.

Data Analysis:

• Use data and analytics to make informed decisions, identify areas for improvement and measure the success of insurance products.
• Monitor key performance indicators (KPIs) to assess product performance and user satisfaction.

Regulatory Compliance:

• Stay updated on industry regulations and ensure that insurance products comply with relevant laws and standards.
• Collaborate with legal and compliance teams to address any regulatory concerns.

Continuous Improvement:

•  Foster a culture of continuous improvement, seeking feedback from stakeholders and end-users to enhance products over time.
•  Stay abreast of technological advancements and industry best practices.

Qualifications:

• Demonstrated success in steering startups toward growth and innovation or taking increasingly important roles in more traditional business.
• Proven ability to inspire and lead teams in a dynamic, fast-paced environment.
• Deep understanding of fintech trends, digital finance, and customer behaviors.
• Exceptional communication, collaboration, and negotiation skills.
• Thrives under pressure, adapting quickly to evolving market conditions.
• Strategic thinker capable of balancing short-term goals with long-term vision.
• Knowledge of the Insurance regulatory landscape is a plus.