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For Companies At a Glance
- Tasks: Lead the strategy and delivery for Equity Release Lending propositions.
- Company: Join Royal London, the UK's largest mutual life, pensions, and investment company.
- Benefits: Enjoy 28 days annual leave, up to 14% pension matching, and private medical insurance.
- Why this job: Make a significant impact in a collaborative environment focused on customer needs and business growth.
- Qualifications: Strong knowledge of Equity Release or similar markets and experience in proposition development required.
- Other info: Hybrid working model with a minimum of 50% office-based work.
The predicted salary is between 43200 - 72000 £ per year.
Head of Proposition – Equity Release
Date: 5 Feb 2025
Location: Plymouth, GB; Edinburgh, GB; Macclesfield, GB; London, GB
Company: Royal London Group
Job Title: Head of Proposition – Equity Release
Contract Type: Permanent
Location: Edinburgh or Plymouth or London or Alderley Park
Working style: Hybrid office / home (minimum 50% office based)
Closing date: Wednesday 20th February 2025
We are seeking an experienced and strategic leader to join our team as Head of Proposition for Equity Release Lending, leading our Proposition strategy and delivery.
Key to the role will be understanding the dynamics of the market, from customer and adviser needs, through to sourcing platforms and portals, and to the requirements of Lenders.
As Head of Proposition, you will be a member of the cross-functional Leadership Team that oversees the Equity Release Lending business, as well as looking across propositions to better meet the needs of customers in the Later Life customer lifestage.
With your deep understanding of Equity Release or similar markets (e.g. Protection), you will lead cross-functional initiatives, collaborating effectively to enhance customer solutions and experience, and drive business growth.
If you are ready to make a significant impact at the UK’s largest mutual Life, Pensions and Investments company, we want to hear from you.
About the role
- Responsible for the creation and delivery of the proposition strategy for Equity Release, ensuring resource is secured and managed to deliver agreed outcomes.
- Responsible for representing the proposition at the cross-functional leadership team, contributing effectively to the strategy and alignment on priorities for the broader Equity Release Lending business.
- Oversee the full proposition lifecycle for Equity Release, ensuring alignment with customer needs and business objectives.
- Ensure existing propositions are compliant and helping customers achieve good outcomes, delivering against commercial targets.
- Manage relationships and strategy with relevant third parties, including Equity Release Funders and Adviser portal providers.
- Provide expertise on the propositions, understanding technical requirements and market dynamics.
- Maintain an in-depth understanding of competitor products, financial markets, regulatory concerns, and pressures.
- Collaborate with the wider business to ensure propositions are deployed appropriately and consistently for maximum impact.
- Provide strong leadership for a direct team of Proposition experts and be a role model for Royal London values.
About you
- Strong customer focus and understanding of Consumer Duty.
- Strong knowledge of the Equity Release market or similar, such as the UK Protection market.
- Experience in proposition development and leading teams.
- Ability to translate broader business strategy into functional (product) strategy.
- Ability to influence at a senior level.
- Commercially astute, with a sound understanding of customer and financial dynamics.
- Focus on delivery, working with stakeholders to agree priorities and secure resources.
- Strong people leadership, inspiring teams to work collaboratively to meet ambition.
- Experience working in a regulated industry.
- Expertise in championing the end consumer and understanding customer value.
- Experience in managing product development governance and conduct risk in line with regulatory requirements.
About Royal London
We’re the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings, asset management products and services, and Equity Release Lending propositions.
Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable, and fulfilling, underpinned by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate, Achieve.
We’ve always been proud to reward employees by offering great workplace benefits, such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme, and private medical insurance.
Inclusion, diversity, and belonging
We’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London.
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Head of Proposition - Equity Release employer: Royal London
Contact Detail:
Royal London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Proposition - Equity Release
✨Tip Number 1
Familiarize yourself with the latest trends and regulations in the Equity Release market. This knowledge will not only help you understand the role better but also demonstrate your commitment and expertise during discussions.
✨Tip Number 2
Network with professionals in the Equity Release and Protection sectors. Attend industry events or webinars to connect with potential colleagues and gain insights that could be beneficial for your application.
✨Tip Number 3
Prepare to discuss your leadership style and how you've successfully led teams in the past. Be ready to share specific examples of how you've influenced strategy and driven business growth in previous roles.
✨Tip Number 4
Research Royal London’s values and culture thoroughly. Understanding their Spirit of Royal London values will help you align your responses and show that you are a great fit for their team.
We think you need these skills to ace Head of Proposition - Equity Release
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Proposition - Equity Release role. Tailor your application to highlight your relevant experience in proposition development and leadership within the equity release or similar markets.
Highlight Relevant Experience: In your CV and cover letter, emphasize your strong customer focus, knowledge of the equity release market, and any experience you have in managing product development governance. Use specific examples to demonstrate how you've successfully led teams and influenced senior stakeholders.
Showcase Leadership Skills: As this role requires strong people leadership, be sure to include examples of how you've inspired teams to collaborate and achieve goals. Discuss your approach to leading cross-functional initiatives and how you've contributed to business growth in previous roles.
Align with Company Values: Royal London values empowerment, trust, collaboration, and achievement. Make sure your application reflects these values. Share experiences that demonstrate your commitment to inclusivity and your ability to work responsibly and enjoyably within a team.
How to prepare for a job interview at Royal London
✨Showcase Your Market Knowledge
Demonstrate your deep understanding of the Equity Release market and similar sectors. Be prepared to discuss current trends, customer needs, and how these insights can shape the proposition strategy.
✨Highlight Leadership Experience
Share specific examples of how you've led teams and initiatives in the past. Emphasize your ability to inspire collaboration and drive results, especially in a regulated industry.
✨Align with Company Values
Familiarize yourself with Royal London's Spirit values: Empowered, Trustworthy, Collaborate, Achieve. Be ready to explain how your personal values align with these and how you embody them in your work.
✨Prepare for Strategic Discussions
Expect to engage in conversations about translating broader business strategies into functional product strategies. Think about how you would approach aligning priorities with stakeholders to secure resources effectively.
