Senior Products Manager at Old Mutual Nigeria

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.

We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.

We are recruiting to fill the position of:

Job Title: Senior Products Manager

Job Requisition ID: JR-31740
Location: Lagos
Employment Type: Full time

Job Description

  • The West African Products team is responsible development, maintenance and enhancement of protection and savings product solutions across the retail and corporate segments within the West African region. We are passionate about simplifying our product offerings, ensuring optimal value-for-money for customers within the region and profitability for the operating entities. At the core of our objectives is to treat our customers fairly, enhance value and ensure high persistency rates in the portfolios we manage.
  • We have an exciting opportunity available for someone who is passionate about delivering market-leading product solutions in a dynamic environment.
  • We are looking for a driven leader to help us grow and maintain our existing product proposition.
  • As the regulatory environment and industry standards evolve, we need to ensure the suite keeps abreast of these changes which will require the individual to navigate a wide range of technical and business issues.
  • The individual will need to be able to draw insights from the various sources of customer data to influence the actions taken to improve customer and business outcomes.
  • While the individual will be involved in some BAU items, there is also a focus on driving strategically significant projects (of various sizes) for the book. This will require the individual to interact with various stakeholders across the product value chain.

Key Result Areas

  • Investigations related to product rules, business optimisation and feasibility studies, including product strategy.
  • Ownership of the customer data and its use within the area.
  • Oversight of the delivery of management information reports
  • Product enhancement and implementation, including system testing.
  • Documentation, including product specifications.
  • Supporting our Proposition Management and Technical Marketing functions in the ongoing maintenance and support of our Retail Investment propositions
  • Assessing and recommending decisive action relating to customer value for money.
  • Automating of processes and reports using programming/coding techniques.
  • Product reviews.

Qualifications, Skills & Experience Required

  • Senior actuarial student or nearly qualified actuary.
  • Extensive actuarial experience.
  • Experience and knowledge of actuarial models used to support the above-mentioned products.
  • Knowledge of the workings of all products in life, general and health insurance business lines will be an advantage.
  • Strong technical skills and attention to detail.
  • Good interpersonal skills and ability to work in a team and across teams
  • Ability to plan and prioritise.
  • Motivated self-starter who shows initiative, is proactive and looks for ways to improve existing processes.
  • Able to complete tasks within agreed timelines with limited guidance.
  • High levels of drive, energy and innovation.
  • Programming knowledge and experience with R or VBA will be advantageous.
  • Knowledge of Old Mutual’s Retail Protection, Savings and Income products, IT platforms and processes will be advantageous.

Deadline: 16th November, 2022.

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