Product Manager – Life & Pensions

A Product Manager : Life & Pensions is required by a leading financial services provider based in Birmingham City Centre to manage the investment product and proposition within the Life & Pensions Business, ensuring their successful design, development and on-going management in line with business.

Your main responsibilities will include:

  • Managing the lifecycle of both new and existing products in line with the Group Product Governance Policy, regulatory expectations and the Society’s risk appetite.
  • Maintaining an overview of both new business and back book portfolios for relevant products, incorporating T&C’s, pricing, charges and literature.
  • Managing the product portfolio within scope of the role, taking ownership for identifying and implementing product and propositional improvements, ensuring products meet customer needs and business objectives, and that the product development process is followed.
  • Managing and owning relevant product specifications and product literature for Life & Pensions & Investments. Working with key stakeholders, including Technical and Compliance, to ensure sign-off of product literature and fulfilment material. Ensuring a historical record of changes maintained.
  • Assisting in the design and development of new products, or significant changes to existing products, working closely with Senior Product Manager, Marketing proposition team and key business stakeholders to gain approval
  • Developing and/or supporting detailed business cases for products that validate the decision to manufacture or outsource. Monitor through the lifecycle and post launch to ensure benefits are realised.
  • Supporting the creation and development of target pricing proposals and subsequent detailed price points and analysis for new product launches/annual reviews, working with the Finance and Actuarial teams.
  • Monitoring income performance for relevant products, and identifying to the appropriate Line Manager key trends on KPI’s for distribution channels, product profitability, customer and feature mix.

You will have knowledge and experience of product management / development and propositions within Financial Services and ideally within the specific product area for the role (i.e. Investments, Pensions or Protection). This is a fast paced and changing product market so you will need experience delivering rapid change initiatives without compromising quality and good written and verbal communication skills to support. In addition you will need excellent stakeholder management skills along with the ability to successfully influence and challenge. A broad understanding of financial analysis and data analysis and experience of developing proposals and recommendations for senior managers is essential.
 

Location:Birmingham

Salary:£45000 - £55000 Per Annum + bonus + benefits

Reference:414773a

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