Head Design: Open Market Business Unit

Introduction Through our client-facing brands Momentum Group, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members.

Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose Lead the Solutions team that design, develop, monitor and improve the Open schemes Client Value Proposition in line with client needs and contribute to the value proposition of Momentum Health from a design intent and monitoring perspective. The role requires strategic direction to all our integrated CVP to the wider team.

Requirements

• Matric.

• Degree\Honours in Actuarial Science.

• Honours Degree in Commerce.

• Associate or Fellow or Actuarial Society of South Africa or Masters in Business Administration preferred.

• At least 10 years’ experience in a fast-paced product development environment in Healthcare, focusing on Open Scheme Healthcare.

• Knowledge of regulatory requirements (e.g, limitations imposed on schemes and administrators).

• Knowledge of marketing principles and design thinking.

• Budgeting, monitoring and reporting experience within an end to end business.

Duties & Responsibilities

• Collaborate with key stakeholders to research and analyse the needs of clients and businesses. Based on clients financial needs manage the development of products and solutions across all markets and segments.

• Manage the product development lifecycle including product integration benefits and active rating factors.

• Manage competitor research and analysis to identify opportunities and trends in the market to develop new products or streamline existing product offerings.

• Oversee the design of pricing models and business cases for products and solutions.

• Conduct business viability studies to finalise the product or solution designs.

• Engage with key stakeholders to present technical aspects, features, benefits and business case of products and solutions.

• Drive the approval and signoff of product and solutions through the appropriate approval processes.

• Collaborate with the systems development team to successfully translate the product features into the applicable system that supports and automates the product.

• Establish processes and systems to measure the impact of products and solutions and implement corrective action where necessary.

• Contribute to the marketing processes of the product to ensure the messaging and packing of the product is in line with the business case.

• Oversee the financial modelling and assess the financial impact of solutions to identify areas of opportunity.

• Ensure applicable maintenance and testing of financial model including projection of income and expenses and key assumptions.

• Incorporate insights into financial models and assumptions. Conduct investigations that test the client experience and impact of the product on the client lifetime value.

• Measure and reports on the profitability and impact of products and solutions.

Competencies

• Business Acumen.

• Client/ Stakeholder Commitment.

• Drive for Results.

• Leads Change and Innovation.

• Motivating and Inspiring Team.

• Impact and Influence.