Capitec Bank is on the lookout for a Head of Product Development for its Insurance Division, based in Stellenbosch, South Africa. The bank is eager to find energetic and self-motivated individuals who share its passion for service excellence in the banking industry. Interested candidates are encouraged to apply and complete a short assessment to learn more about life at Capitec.
The bank aims to become the best insurer globally by appointing people based on their potential and continuously seeking talented individuals to innovate and transform the insurance sector. Capitec Life believes that insurance is fundamentally about people and is committed to providing accessible and trustworthy solutions that contribute to South Africa’s growth.
Why Capitec?
At Capitec, employees are encouraged to be proactive and take ownership in every situation, ensuring that clients are always prioritised. The bank’s Employee Value Proposition promotes involvement, teamwork, and growth opportunities, making it a place where every team member feels valued and focused.
Main Purpose Of The Role
The primary goal for this position is to inform and drive the Product Development strategy for the Capitec Insurance Division. The successful candidate will lead the creation, development, and upkeep of profitable life insurance products that align with the company’s growth strategy and deliver real value to clients.
The role will also focus on differentiating Capitec’s product offerings through innovative strategies, including pricing and client experience initiatives.
Key Responsibilities
Responsibilities include developing and implementing the insurance product strategy, managing the product roadmap, and ensuring alignment across various departments. The role requires building relationships with executive team members, overseeing budget approvals, and fostering commercial partnerships.
Additionally, the candidate will be responsible for analysing client insights, managing a high-performing team, and ensuring the successful execution of product development and management processes.
Ideal Candidate Profile
The ideal candidate will be a qualified actuary with at least 10 years of industry experience across various roles in life insurance. They should possess strong expertise in product design, marketing, and client experience, as well as experience in data analysis to identify trends and opportunities.
Proven leadership skills, experience managing reinsurer relationships, and the ability to influence decisions are essential for success in this role. A minimum of an Honours Degree is required, along with extensive knowledge of the life insurance industry and its legislative framework.
Conditions Of Employment
Candidates must have a clear criminal and credit record. Capitec is seeking individuals who can strategically and tactically drive exceptional results. Those who are emotionally connected to the business and understand its culture are particularly encouraged to apply.
If you are interested in joining a dynamic team on a mission to build the best insurer in the world by unlocking the potential of its people, Capitec would love to hear from you.
Apply here