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Lead Specialist: Product Management

Date: 12-Oct-2021

Location: Johannesburg GAU ZA, GT, ZA

Company: Liberty Group Limited

At Liberty, we employ more than 6 000 people across 7 businesses in 18 African countries. Every day, our employees grow their knowledge by working with diverse groups of people who specialise in a wide range of skills across insurance, asset management, investment and health products. We continually seek to engage, develop, recognise and reward the people who make our business great.

Purpose

To provide advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist product development expertise.

Minimum Experience

5 - 8 years experience in a similar environment, of which 2 - 3 years at specialist level

Key Responsibilities

  • The role is positioned within the Product Management team of Retail Investment Solutions.
  • The incumbent will specifically be responsible for the long-term savings product range, while helping to steer and deliver on the overall retail product strategy to each of our identified market segments.
  • The incumbent will need to be commercial, creative, and pragmatic in designing and maintaining a product set that is seen as a growth vector within the broader retail investments business.
  • Work with various teams across the group including proposition, distribution, operations, legal, and compliance, giving broad exposure but with a clear focus and sizeable responsibility.
  • Bring a strong focus on how to attract and retain clients, both direct and via intermediated channels, and enabling the product set with a digital-first mindset.  
  • Provide product management insights across the product platform, focussing on new developments and enhancements of savings solutions in line with the business strategy.
  • Understand the interrelation of processes between different areas of the company and formulate recommendations, where appropriate, for reform and improvement of these process flows.
  • Define and design changes to existing processes as required and ensure integration of changes into process environment

Minimum Qualifications

Bachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Generic Management

Additional Minimum Qualifications

Qualified actuary (or close to qualified)

Job Related Skills/Knowledge

  • Exposure to long term savings products, product development and product management
  • An understanding of investment markets and investment products and solutions across various channels
  • A proven track record of originating and implementing new investment ideas in the retail market
  • Ability to translate technical, operational and regulatory information to different audiences
  • Excellent project management skills with a demonstrated ability to identify and implement creative product and business solutions
  • Relationship Management and Networking
  • Statistical and Mathematical Analysis
  • Modelling

Process

  • Make recommendations to existing products based on market needs, product performance and competitor analysis to increase sales volume and profitability.
  • Determine resource allocation priorities and deployment necessary to support the effective integration of processes.
  • Advise on the alignment and application of area specific practices and integrated processes across functional areas to ensure value chain integrity.
  • Provide support to review existing products and provide developers with solutions by advising on what will/will not work when developing new products.
  • Assist with the process to prioritise product development and assessment initiatives and the alignment thereof to tactical business objectives.
  • Coordinate research efforts to identify ideal target markets for product launches and sales, ensuring that new products are relevant and viable.
  • Keep abreast of changes and new legislation and developments within industries that may affect area of specialisation.
  • Accountable for contributing to strategy enablement and implementation and delivery optimisation across an internal value chain, through best practice development and implementation.
  • Draw on own technical and/or professional knowledge and experience to proactively develop alternatives and identify optimal best practice solutions for tactical problems.
  • Plan to deliver work outputs related to a service or operational area, Manages interdependent functional activities, and directs best-practice priorities, standards and procedures to ensure efficiency within area of specialisation.

Customer

  • Provide authoritative, specialist expertise and advice to internal/external customers, that builds strong relationships and creates a favourable impression aligned to Treating the Customer Fairly (TCF) principles.

Finance

  • Implement and monitor financial controls, management of costs and corporate governance throughout the area of specialisation.

Learning and Growth

  • Contribute positively to human capability improvement, related to knowledge optimisation and associated with area of specialisation.

Governance

  • Develop and/or align governance and compliance policies for own practice and/or tactical area to identify and manage risk exposure liability related to the area of specialisation.

Technical Competencies

  • Research and Information Gathering (Proficient)
  • Reporting and Interpretation (Proficient)
  • Modelling (Proficient)
  • Customer Advice (Technical) (Proficient)

Behavioural Competencies

  • Professional/Technical learning (Proficient)
  • People Management and Empowerment (Proficient)
  • Interpersonal Effectiveness (Proficient)
  • Problem Solving and Analysis (Proficient)
  • Teamwork and Cooperation (Proficient)
  • Communicating with Impact (Proficient)
  • Customer Orientation (Proficient)

Liberty Group Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998 and the group's Transformation Strategy, preference will be given to suitable candidates from designated groups whose appointments will contribute towards the achievement of equitable demographic representation of our workforce profile and add to the diversity of the organisation. 


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