Group Product Developer at Velvot

Job Purpose

• The Group Product Developer is responsible for identifying, researching, conceptualizing, developing, and improving products and services that support the Group's business strategy, customer needs, and revenue objectives.
• The role will work across the Group's business units and subsidiaries to identify market opportunities, translate customer and business requirements into viable product offerings, coordinate product development and deployment, and support the commercialization and continuous improvement of products and services.

Key Responsibilities
Product Strategy and Development:

• Develop product concepts and proposals aligned with the Group's strategic objectives and identified market opportunities.
• Conduct market research to identify customer needs, industry trends, emerging technologies, and opportunities for new products and services.
• Translate business opportunities and customer requirements into product specifications, features, value propositions, and development plans.
• Develop product roadmaps, prioritizing initiatives based on business value, customer demand, technical feasibility, cost, and revenue potential.
• Identify opportunities to develop new products, enhance existing offerings, bundle services, or expand into new market segments.
• Coordinate product development from ideation and feasibility assessment through design, testing, launch, and post-launch improvement.
• Evaluate opportunities for product innovation, automation, integration, and digital transformation across the Group.

Market Research and Competitive Intelligence:

• Conduct regular market and competitor analyses to assess product offerings, pricing models, market positioning, customer segments, and competitive advantages.
• Identify gaps in the Group's existing product portfolio and recommend opportunities for differentiation.
• Analyze customer feedback, sales performance, market demand, and industry developments to inform product decisions.
• Prepare business cases for proposed products, including market opportunities, target customers, estimated development costs, revenue potential, risks, and expected returns.
• Monitor relevant technology developments and industry standards that may influence the Group's product portfolio.
• Recommend strategic partnerships, technology integrations, and third-party solutions where they offer a viable route to market.

Product Portfolio Management:

• Maintain an inventory of products and services offered across the Group's business units and subsidiaries.
• Review existing products periodically to assess relevance, performance, profitability, customer satisfaction, and growth potential.
• Recommend product enhancements, repositioning, repricing, bundling, or discontinuation based on evidence and management approval.
• Develop and maintain product documentation, including product requirements, feature specifications, pricing inputs, user guides, and product roadmaps.
• Ensure that product offerings are clearly defined, appropriately differentiated, and aligned with the Group's brand and commercial objectives.
• Coordinate the standardization of product development and management processes across relevant business units.

Cross-Functional Collaboration:

• Work closely with Technical, Sales, Business Growth and Acquisition (BGA), Marketing, Customer Success, Finance, and other relevant teams to develop and commercialize products.
• Engage customers and internal stakeholders to gather requirements, validate product concepts, and establish product priorities.
• Collaborate with technical teams to assess feasibility, define requirements, test solutions, and resolve product-related issues.
• Work with Sales and BGA teams to develop product positioning, value propositions, sales enablement materials, and go-to-market plans.
• Partner with Finance to assess product costs, pricing assumptions, revenue forecasts, margins, and financial viability.
• Coordinate with Customer Success and Support teams to monitor customer feedback, adoption, recurring issues, and opportunities for improvement.
• Provide product knowledge and training to relevant employees before and after product launches.

Product Commercialization and Go-to-Market Execution:

• Develop go-to-market plans for approved products in collaboration with relevant commercial and technical teams.
• Define target customer segments, customer problems addressed, product benefits, positioning, and routes to market.
• Support the development of product pricing recommendations, packaging, subscription models, and service bundles.
• Coordinate product launch activities, ensuring that technical readiness, documentation, sales materials, customer support, and operational requirements are addressed.
• Support sales teams with product demonstrations, proposals, technical-commercial documentation, and responses to customer requirements.
• Monitor product adoption, customer acquisition, sales conversion, revenue contribution, and customer retention after launch.
• Recommend corrective actions where products underperform against approved commercial objectives.

Product Performance and Continuous Improvement:

• Establish product performance indicators and reporting mechanisms in collaboration with relevant stakeholders.
• Analyze product usage, sales performance, customer satisfaction, profitability, and operational performance.
• Gather and analyze customer feedback to identify product defects, usability challenges, unmet needs, and enhancement opportunities.
• Coordinate product reviews and prioritize improvements based on customer impact, business value, and available resources.
• Prepare periodic product performance reports for Management.
• Track product development timelines, milestones, dependencies, risks, and approved budgets.
• Maintain a continuous improvement approach throughout the product lifecycle.

Product Governance and Documentation:

• Establish and maintain consistent product development processes, templates, and documentation standards.
• Ensure proposed products undergo appropriate feasibility assessments, stakeholder reviews, testing, and management approvals before launching.
• Maintain accurate product records, including roadmaps, specifications, requirements, launch plans, risks, and performance reports.
• Work with relevant technical, legal, compliance, and security stakeholders to ensure that products meet applicable regulatory, contractual, privacy, and security requirements.
• Identify product-related risks and escalate material issues to Management.
• Ensure product changes are appropriately documented, communicated, and evaluated.

Requirements
Educational Qualifications:

• Bachelor's Degree in Business Administration, Marketing, Computer Science, Information Technology, Engineering, Economics, Product Management, or related discipline.
• A professional certification in Product Management, Business Analysis, Project Management, Digital Transformation, or a related field is an added advantage.

Relevant Experience:

• 3–5 years of relevant experience in product development, product management, business strategy, business analysis, innovation, or a related role.
• Demonstrable experience in developing, managing, launching, or improving products and services.
• Experience conducting market research, competitor analysis, customer needs assessment, and product feasibility studies.
• Experience coordinating cross-functional teams, projects, and product development activities.
• Experience preparing business cases, product roadmaps, product proposals, and commercialization plans.
• Experience working in technology, ICT, cloud services, digital solutions, or a multi-business environment is an advantage.

Other Requirements:

• Preferred Candidate Profile: A commercially oriented and innovation-driven professional with the ability to identify market opportunities, translate business needs into viable product solutions, coordinate product development across business units, and support the Group in achieving sustainable revenue growth and competitive advantage.

Salary and Benefits

• N350,000 monthly.
• 13th month, HMO, Group Life Insurance, 10% employer pension, and 20 days annual leave.