Head of Product Development - P&C Client of Binding Partnership FZ LLC Posted on October 30, 2019 8 - 10 years Riyadh - Saudi Arabia Bachelor of Business Administration(Management). Any Nationality Send Me Jobs Like This SEND Alert Set Successfully Opening 01 Job Description EMAIL JOB SEND Email sent successfully. SHARE JOB Head of Product Development - Property & CasualtyOur client is a leading Insurance company in the region which is Headquartered in Riyadh is looking to build its service lines and is looking to attract high calibre Product Development talent to strengthen their Property & Casualty business.Job PurposeTo develop products and Services value propositions by identifying potential products, conducting market research, generating product requirements, determining specifications, production timetables and time-integrated plans for product introduction and developing marketing strategies. To determines customers' needs and desires by specifying the research needed to obtain market information and ensure the company maintains competitiveness in the Insurance Market.Duties and Responsibilities• Review and quality assure all services and work-products delivered by the department/unit in accordance with established policies and procedures• Devise and improve operational policies and procedures in line with corporate and strategic guidance• Deploy allocated resources for optimal performance and provide feedback to the direct line manager on resource requirements• Monitor staff achievements, perform periodic performance appraisals and provide guidance, coaching or training to direct reports in performing their delegated duties• Ensure the performance of duties and conduct of staff is in accordance with the departmental/unit business processes and operating procedures• Review regular performance reports prepared by direct reports and identify issues for resolution or escalation• Continuously monitor performance against targets and objectives, identify areas of improvement to increase efficiency and effectiveness of the team and take action• Optimize the use of available resources across the unit in carrying out assigned duties, to ensure work meets agreed standards for timeliness and quality• Drive the development of value propositions, the product mix and the channel mix for each of the target customer segments by strategically collaborating with SBUs and the Segment Heads thereby resulting in increased penetration, acquisition, growth, and retention.• Recommends the nature and scope of present and future P&C product lines by reviewing product specifications and requirements; appraising new product ideas and/or product or packaging changes.• Assesses market competition by conducting studies, researches and analysis and compare the company's product to competitors' products to ensure the company maintains competitiveness in the Market.• Provides information to P&C management by preparing short-term and long-term product sales forecasts and special reports and analyses; answering questions and requests to enhance product development efficiency.• Introduce new products to market by analyzing proposed product requirements and product development programs; preparing return-on-investment analyses to enhance innovation and productivity• Work in close collaboration with the SBUs and the Segments to introduce and enhance products and services from pricing, features and benefits offered to each customer segment.• Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies to get the best practices in the market and establish it in the company.• Participate in providing advice on market intelligence and consumer behavioural reports and translate their outcome into product packaging• Contribute to the preparation of the Department budget, and monitor the financial activity to reflect on planned versus actual budget levels. Ensure resource allocations are in alignment with set budget guidelines.• Lead customer-focused innovation frequently meeting with stakeholders to understand how the Company can enhance the value of existing products and also identify the demand for new onesJob SpecificationsAcademic QualificationBachelor's - Business, Marketing or another similar fieldExperience8 to 10 - Product Development experience5 - Managerial or Supervisory Roles Company Industry Consulting / Management Consulting / Advisory Services Department/Functional Area Product Development / Product Management Keywords Head of Product Development - P&C REPORT THIS JOB Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information.We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at firstname.lastname@example.org People Looking for Head Product Development Jobs also searched Head Product Development Jobs Product Manager Jobs Developing Marketing Strategies Jobs Product Sales Jobs Market Intelligence Jobs Property Jobs Market Research Jobs Client of Binding Partnership FZ LLC View Contact Details Contact Name/ Designation: - Website https://www.bindingpartnerships.com/insurance-jobs/head-of-product-development-pandc/1880720 Additional Information Required Employer has requested some additional information along with your application for this job Cancel Login to Naukrigulf Continue using GOOGLE FACEBOOK All your activity will remain private or Forgot Password?