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Unit Head, Product Development at AXA Mansard

AXA MansardLagos, Nigeria Data and Artificial Intelligence
Full Time
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 157,000 employees serving 103 million clients in 59 countries. The group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. Despite being written in upper case, "AXA" is not an acronym, the name was chosen because it is short and can be pronounced easily the same way in every language. AXA Mansard was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services, medical insurance solutions and pension fund administration through its three subsidiaries AXA Mansard Health Limited, AXA Mansard Investments Limited and AXA Mansard Pensions limited. The company was listed on the Nigeria Stock Exchange in November 2009 and has Market Capitalization in excess of N28 billion thereby remaining the biggest insurance company on the Nigerian Stock Exchange.

  • To provide high-quality insights and recommendations by conducting comprehensive research on products and services, analysing market trends and competitors, and identifying potential new products. This involves defining and executing new product development and reviews, including specifications, pricing, and timelines for product launches. The goal is to drive revenue growth, profitability, market share, brand equity, and customer loyalty.

Role Qualification:

Academic/Professional:

  • Bachelor’s degree in mathematics, Actuarial Science, Statistics or related course of study.

Work Experience:

  • At least 3 years’ experience and with track record in conducting actuarial and risk analysis.
  • VBA, SAS & R programming will be an added advantage.

Key Responsibilities:

  • Manage relationships directly with external parties such as, but not limited to, AXA Group entities, actuarial consultants and the company’s auditors.
  • Participate in cross-functional teams to develop new and enhanced systems, processes, programs, and policies to support business needs.
  • Perform market research to assess viability of potential new products and to measure success of recent campaigns. Research into key areas of the Company’s operations, especially with regards to customers, product opportunities and competitive positioning. Carry out analysis of consumer data to determine suitable product offerings and their positioning.
  • Evaluate production costs to develop pricing strategies and understanding the impact of pricing on profit margins.
  • Develop new products based on research, assess product requirements, carry out forecasting for new product.
  • Collaborate to ensure marketing objectives and schedules for all phases of product solicitation and introduction to market including but not limited to sales materials and retail presentations. Produce competitive analysis materials comparing product with its key competitors.

Required Skills and Competencies

  • Excellent communication and presentation skills in both written and verbal context.
  • Analytical and computational – make informed decisions through strong analytical, conceptual and critical thinking skills.
  • Ability to manage and motivate direct reports to produce high quality results and make significant progress through their career.
  • Excellent organizational skills with strong attention to detail and ability to drive results.

Method of Application

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