Insurance Product Development Manager Job Vacancy in Louga, Senegal – Insurance

Job Description

Position:Insurance Product Development Manager

Company:AXA Assurance Senegal

Location:Louga, Senegal

Experience:5-7 years

Education:Bachelor’s degree in Business, Finance, or related field

Employment Type:Full-time

Industry:Insurance

Department:Product Development

Salary:2,500,000 – 3,500,000 SSP per month

Vacancies:1

Company Overview

AXA Assurance Senegal is a leading provider of comprehensive insurance solutions across West Africa. With a strong heritage of risk management and customer‑centric services, AXA has built a reputation for innovation, financial stability, and community involvement. Operating under the global AXA Group, the Senegalese branch combines international expertise with deep local market knowledge to deliver tailored life, health, and property insurance products. As part of its commitment to growth and digital transformation, AXA Assurance Senegal continuously seeks talented professionals who can drive product excellence and expand market reach. This role contributes directly to the company’s strategic vision of becoming the preferred insurer for individuals and businesses in Senegal, supporting the broader goal of financial inclusion and economic development.

Located in the vibrant city of Louga, the company benefits from a dynamic business environment and a skilled workforce. AXA’s inclusive culture encourages collaboration, continuous learning, and ethical conduct, making it an attractive destination for ambitious professionals seeking long‑term career growth. The organization’s dedication to corporate social responsibility is evident through community outreach programs, sustainability initiatives, and partnerships with local NGOs, reinforcing its position as a responsible corporate citizen in Senegal.

Job Overview

The Insurance Product Development Manager will lead the design, launch, and lifecycle management of innovative insurance products that meet the evolving needs of Senegalese customers. Reporting to the Head of Product Development, you will collaborate with cross‑functional teams—including actuarial, underwriting, marketing, sales, and digital transformation—to ensure that each product aligns with regulatory standards, market demand, and AXA’s profitability targets. This role is pivotal in shaping AXA’s product portfolio, enhancing customer experience, and driving revenue growth. For more information about AXA’s career opportunities, visit https://senegaljobsearch.com/.

As part of the broader hiring in Senegal, this position offers a unique chance to influence the insurance landscape, contribute to financial inclusion, and develop expertise in product strategy within a globally recognized insurer. The role is ideal for professionals who combine analytical rigor with creative thinking and possess a strong understanding of the Senegalese market dynamics.

Key Responsibilities

• Lead end‑to‑end product development cycles, from concept ideation to market launch and post‑launch performance monitoring.
• Conduct market research, competitor analysis, and customer segmentation to identify gaps and opportunities for new insurance solutions.
• Collaborate with actuarial and underwriting teams to define pricing models, risk assessments, and profitability forecasts.
• Ensure compliance with local regulatory requirements and AXA Group governance standards throughout the product lifecycle.
• Work closely with marketing and sales to develop go‑to‑market strategies, promotional materials, and training programs for distribution channels.
• Monitor product performance metrics, gather feedback, and implement enhancements to improve customer satisfaction and retention.
• Prepare business cases, financial models, and executive presentations to secure approval from senior leadership.
• Stay abreast of industry trends, emerging technologies, and regulatory changes affecting the insurance sector in Senegal.

Required Skills

• Strong analytical and quantitative abilities with proficiency in financial modeling and data analysis.
• Excellent communication and presentation skills, capable of influencing stakeholders at all levels.
• Deep knowledge of insurance principles, product design, and risk management.
• Proven experience in leading cross‑functional projects and managing timelines.
• Ability to translate market insights into viable product concepts.
• Familiarity with Senegalese insurance regulations and market dynamics.
• Proficiency in MS Office Suite, especially Excel and PowerPoint; experience with product management tools is a plus.

Education

A Bachelor’s degree in Business Administration, Finance, Economics, Actuarial Science, or a related discipline is required. A Master’s degree or professional certifications such as CPCU, ARM, or equivalent will be considered an advantage.

Experience

Minimum of 5‑7 years of experience in insurance product development, product management, or related roles within the insurance or financial services industry. Experience in the West African market, particularly Senegal, is highly desirable.

Salary

The compensation package ranges from 2,500,000 to 3,500,000 SSP per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and retirement benefits.

Benefits

• Comprehensive health and dental coverage.
• Retirement savings plan with company contributions.
• Annual performance bonus.
• Paid parental and sick leave.
• Flexible working hours and remote work options.
• Employee assistance program.

Training

• Onboarding program covering AXA’s global standards and local operations.
• Continuous professional development courses in insurance innovation, data analytics, and regulatory compliance.
• Access to AXA’s global learning platform for certifications and skill upgrades.

Working Environment

AXA Assurance Senegal offers a collaborative, inclusive, and technology‑enabled workplace. The Louga office features modern facilities, open‑plan workspaces, and meeting rooms equipped with the latest communication tools. Employees benefit from a supportive culture that values diversity, encourages knowledge sharing, and promotes work‑life balance.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the company’s career page. Applications will be reviewed by the recruitment team, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment at the Louga office.

Equal Opportunity Statement

AXA Assurance Senegal is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, age, disability, ethnicity, religion, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.