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  • Posted: Aug 14, 2024
    Deadline: Not specified
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    Network Recruitment is a leading specialist recruitment agency and your first port of call for permanent and contract Finance jobs, IT jobs as well as Engineering jobs. Established in 1987, Network Recruitment has offered outstanding recruitment solutions to both clients and candidates for 25 years, living up to their credo of "Developing Relationships,...
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    Director of Product Management

    Key Responsibilities:

    Strategic Leadership:

    • Develop and execute the overall product strategy in alignment with the company’s business goals and objectives.
    • Provide thought leadership and insights on emerging trends in the insurance sector, especially in the Kenyan and broader East African market.
    • Collaborate with senior management to align product development with the company’s strategic vision.

    Product Development & Management:

    • Lead the end-to-end product development process, including ideation, design, development, and market introduction.
    • Oversee the entire product lifecycle, from market research and concept development to product launch, maintenance, and retirement.
    • Ensure products meet customer needs, are competitive in the market, and comply with local regulatory standards.

    Market Analysis & Competitive Intelligence:

    • Conduct thorough market research and competitive analysis to identify opportunities and threats in the insurance landscape.
    • Analyze customer needs, market trends, and competitor offerings to inform product development and innovation.
    • Maintain a strong understanding of the regulatory environment and ensure all products comply with local and international standards.

    Team Leadership & Development:

    • Lead, mentor, and develop a high-performing product management team.
    • Foster a culture of innovation, collaboration, and continuous improvement within the product development team.
    • Set clear goals and expectations for the team, providing regular feedback and performance evaluations.

    Cross-functional Collaboration:

    • Work closely with other departments, including Sales, Marketing, Underwriting, Operations, and IT, to ensure successful product launches and ongoing product management.
    • Collaborate with the actuarial team to ensure product pricing and profitability align with business objectives.
    • Partner with the technology team to drive digital transformation and innovation in product offerings.

    Financial Management:

    • Oversee the product budget, ensuring effective resource allocation and cost management.
    • Monitor product performance, including sales, profitability, and customer satisfaction, and make data-driven decisions to optimize product offerings.
    • Provide regular reports to the CEO and board on product performance, market conditions, and strategic initiatives.

    Customer & Stakeholder Engagement:

    • Engage with key stakeholders, including customers, brokers, agents, and regulators, to gather feedback and ensure product relevance and satisfaction.
    • Represent the company at industry conferences, seminars, and events to promote the company’s product portfolio and thought leadership.

    Required Qualifications:

    • Bachelor’s degree in Business, Finance, Insurance, or a related field. An MBA or relevant master’s degree is preferred.

    Experience:

    • At least 10 years of experience in the insurance industry, with a strong background in product development and management.
    • Proven track record in a senior leadership role, preferably as a Director or VP of Product in a reputable insurance company.
    • In-depth knowledge of the Kenyan insurance market, including regulatory requirements and market dynamics.
    • Strong financial acumen and experience with P&L management.
    • Excellent leadership, communication, and interpersonal skills.
    • Ability to think strategically and translate business goals into actionable product strategies.

    Skills:

    • Strategic thinking and business acumen.
    • Strong leadership and team management skills.
    • Market research and analytical skills.
    • Customer-focused mindset with a strong sense of market demands.
    • Ability to innovate and drive change.
    • Excellent communication and stakeholder management skills

    go to method of application »

    Audit Assurance

    Key Responsibilities:

    Strategic Leadership:

    • Develop and implement the internal audit strategy in alignment with the company's overall objectives.
    • Provide strategic guidance on risk management, internal controls, and governance practices to the executive management and the Board.

    Audit Planning & Execution:

    • Oversee the development of an annual audit plan, ensuring it covers key risk areas in the organization.
    • Lead and manage the execution of internal audits, including financial, operational, compliance, and information systems audits.
    • Ensure that audit procedures are well-documented, and findings are communicated effectively to management and relevant stakeholders.

    Risk Management:

    • Identify and assess the key risks facing the organization, including financial, operational, and regulatory risks.
    • Work closely with the Risk Management team to ensure that risk management practices are integrated into the organization's processes.

    Compliance Assurance:

    • Ensure compliance with local regulatory requirements, including those specific to the insurance industry in Kenya.
    • Monitor changes in legislation and regulations that may affect the company and recommend actions to ensure compliance.

    Reporting:

    • Prepare and present comprehensive audit reports to the Audit Committee and Board of Directors, highlighting key findings, risks, and recommendations.
    • Track the implementation of audit recommendations and report on progress to the relevant stakeholders.

    Team Leadership & Development:

    • Lead, mentor, and develop a team of internal auditors, ensuring they have the skills and knowledge necessary to perform their duties effectively.
    • Foster a culture of continuous improvement and professional development within the audit team.

    Stakeholder Engagement:

    • Act as a liaison between the internal audit function and external auditors, regulatory bodies, and other stakeholders.
    • Build and maintain strong relationships with senior management, providing advisory services on control issues.

    Innovation & Continuous Improvement:

    • Stay updated on best practices in internal audit and insurance industry trends.
    • Introduce new audit tools, techniques, and methodologies to enhance the effectiveness and efficiency of the internal audit function.

    Required Qualifications:

    • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
    • Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Chartered Accountant (CA) are required.
    • A Master’s degree in a relevant field would be an added advantage.

    Experience:

    • At least 10 years of experience in internal audit, risk management, or compliance, with a significant portion of that experience in the insurance industry.
    • Proven track record of leading an internal audit function at a senior level.
    • In-depth knowledge of Kenyan insurance regulations and international auditing standards.

    Method of Application

    If you meet the above requirements, please send your resume DIRECTLY to: nferreira@networkfinance.co.za

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