Deputy Head of Products Innovation & Pricing at Jubilee Insurance

Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.

 

Deputy Head of Products Innovation & Pricing

  • Job TypeFull Time
  • QualificationBA/BSc/HND , MBA/MSc/MA
  • Experience7 years
  • LocationNairobi
  • Job FieldProduct Management 

Job Ref. No: JHIL170

Role Purpose

  • The role holder will be responsible for supporting the strategic and operational leadership in product development, innovation, pricing strategy, and actuarial management to ensure competitive and profitable growth within the Company.

Key Responsibilities

Strategy

  • Assist in developing and executing product innovation strategies aligned with business objectives.
  • Drive market research and competitive analysis to identify product opportunities and innovations.
  • Collaborate on long-term strategic planning for product portfolio expansion and market differentiation.
  • Oversee actuarial analyses to support robust and sustainable product pricing

Operational

  • Support the management and review of existing product portfolios, ensuring continuous improvement and market relevance.
  • Lead the development and implementation of innovative medical insurance products.
  • Manage pricing models and frameworks to ensure competitiveness and profitability.
  • Conduct regular pricing reviews and adjustments based on market dynamics and business goals.
  • Collaborate closely with underwriting, claims, and sales teams to optimize product alignment.

Corporate Governance

  • Ensure compliance with regulatory standards, internal policies, and industry best practices in product development and pricing.
  • Maintain transparency in pricing methodologies, ensuring robust documentation and reporting.
  • Liaise with regulatory bodies to secure necessary product approvals and maintain compliance.

Leadership & Culture

  • Cross-Functional Collaboration: Actively participate in cross-functional project teams to drive collaboration, innovation, and accountability across departments and the Group.
  • Employee Collaboration Index: Participate in a minimum of 2 company projects per year with an 80% success rate and engage in at least 1 Group-wide project per year.
  • Skills and Competency Development Index: 100% compliance with your training plan annually to support personal and professional growth, ensuring alignment with career paths and future challenges.
  • Cultural Alignment Index (CAI): Attain the Company’s CAI target score by embedding Jubilee’s values (e.g., innovation, teamwork, excellence) into project execution and team dynamics.
  • Conflict Resolution: Address interpersonal or project-related conflicts constructively, maintaining team morale and focus on shared goals.
  • Resource Advocacy: Communicate needs (e.g., tools, training, support) to supervisors to ensure personal and team success.

Laws, Regulations, Company Policies:

  • Stay informed about and ensure strict adherence to all external laws and regulations, including Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Data Protection laws, and any other relevant regulations applicable.
  • Understand, implement, and enforce internal company policies, processes, and procedures.
  • Ensure that operational compliance programs are in place within your department.
  • Develop and implement processes and controls that promote compliance with external laws, regulations, and internal policies.
  • Foster a robust ethical culture within the organization, Lead by example, demonstrating and promoting ethical behaviour, integrity, and compliance with laws and regulations.
  • Encourage open communication and reporting of any potential compliance concerns or violations.

Key Skills and Competencies

  • Strong proficiency in actuarial modeling, risk assessment, and data-driven analysis.
  • Skilled in designing and delivering innovative, customer-centric medical insurance products.
  • Capable of conducting in-depth pricing analysis and forecasting to ensure competitive positioning, cost-efficiency, and long-term profitability.
  • In-depth Regulatory Compliance Knowledge ensuring that all product designs and pricing structures meet legal and industry compliance standards.
  • Adept at managing cross-functional relationships to ensure alignment and successful product delivery.

Academic Qualifications

  • Bachelor’s degree in Actuarial Science
  • Master's degree preferred.
  • Mandatory Professional Actuarial qualification (e.g., FIA, FSA,or equivalent)

 Relevant Experience

  • Minimum 7 years’ experience in product development, innovation, pricing, or actuarial roles within the medical insurance sector. At least 3 years in a managerial or supervisory role. Demonstrable track record of successful product innovations and pricing strategies.

Method of Application

If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position by 12th May 2025 Only shortlisted candidates will be contacted

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