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For Companies At a Glance
- Tasks: Lead product management for HR, compliance, and risk solutions in a dynamic insurance environment.
- Company: Join a respected Lloyd's of London insurance syndicate with a strong industry reputation.
- Benefits: Enjoy opportunities for continuous improvement, collaboration, and professional growth.
- Why this job: Be at the forefront of operational change, making a real impact in the insurance sector.
- Qualifications: Experience in the insurance sector is essential; commercial or Lloyd's experience preferred.
- Other info: This role offers a chance to develop core competencies in a supportive team culture.
The predicted salary is between 43200 - 72000 £ per year.
We are recruiting for a Business Product Manager for a well-respected and established Lloyd's of London insurance syndicate. As Business Product Manager, you will establish yourself as the product expert and go-to person for understanding the various HR, compliance and Risk products including but not limited to applications, warehouses, methodologies, and reporting solutions.
Role Purpose:
- Tackle operational issues, mitigate risks, and seek opportunities for process improvement or automation, while staying updated on technical and regulatory changes affecting both areas.
- Oversee the sequencing of operational and IT updates within these areas, ensuring project outcomes align with goals, and orchestrating both teams’ engagement in business-wide operational change.
- Continually monitor and update HR, compliance and risk business processes, ensuring they are evaluated regularly and adapted to reflect any changes as a result of IT initiatives.
- Work closely with the Head of Portfolio Strategy to ensure any initiatives in these areas align to strategic objectives and the required prioritisation has been applied.
- Help develop the newly created Product Management capability, with a focus on developing core competencies and cultivating a culture of continuous improvement.
Responsibilities:
- Undertake a continuous review of the existing products, identifying areas for improvement, and making recommendations to provide better outcomes for the HR, compliance and risk teams.
- Assist in troubleshooting and investigating operational issues that arise within both teams, helping propose and work through potential solutions.
- Proactively identify potential operational risks within HR, compliance and risk, ensuring all risks are monitored, actioned and if possible mitigated.
- Work with both teams to analyse business processes and workflows identifying areas for improvement or automation.
- Familiarise yourself with technical and regulatory changes to understand how they might impact the HR, compliance and risk landscape.
- Provide technical support to the business on behalf of both teams, including acting as a SME on projects, participating in workshops and contributing to project delivery as required.
- Build strong working relationships with key stakeholders across the business including but not limited to Operations, IT, Underwriting, Finance, Pricing and Actuarial.
- Perform any required analysis to support and promote the funding of all discretionary initiatives on behalf of the HR, compliance and risk teams.
- Oversee and assist in the monitoring and achievement of any project benefits from the HR, compliance and risk teams, confirming their alignment with the initial business case objectives.
- Facilitate the prioritisation of all operational and IT changes within the HR, compliance and risk business areas, by coordinating both business teams across large-scale transformation projects, handling small change service requests, and contributing to the ongoing development of data warehouses.
Business Product Manager employer: Hanson Lee
Contact Detail:
Hanson Lee Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Product Manager
✨Tip Number 1
Network within the insurance sector, especially with professionals who have experience in Lloyd's of London. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in HR, compliance, and risk products.
✨Tip Number 2
Familiarise yourself with the specific products and methodologies used in the Lloyd's of London insurance market. This knowledge will not only help you understand the role better but also demonstrate your commitment and expertise during discussions.
✨Tip Number 3
Prepare to discuss your experience with operational issues and process improvements in previous roles. Be ready to share specific examples of how you've tackled similar challenges, as this will showcase your problem-solving skills and suitability for the position.
✨Tip Number 4
Research the company’s recent projects and initiatives related to HR, compliance, and risk management. Understanding their current focus areas will allow you to tailor your conversations and show how you can contribute to their ongoing success.
We think you need these skills to ace Business Product Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance sector, particularly within commercial or Lloyd's of London insurance. Emphasise your familiarity with HR, compliance, and risk products.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about the role of Business Product Manager. Discuss your understanding of operational issues and process improvement, and how your background aligns with the company's needs.
Showcase Relevant Skills: Highlight specific skills that are crucial for the role, such as project management, stakeholder engagement, and technical support. Provide examples of how you've successfully tackled similar challenges in previous positions.
Demonstrate Continuous Improvement Mindset: Illustrate your commitment to continuous improvement by sharing instances where you've identified areas for enhancement in past roles. This will resonate well with the company's focus on developing core competencies.
How to prepare for a job interview at Hanson Lee
✨Showcase Your Insurance Knowledge
Make sure to highlight your experience in the insurance sector, especially if you have worked with Lloyd's of London. Be prepared to discuss specific products and processes you've dealt with, as this will demonstrate your expertise and understanding of the industry.
✨Prepare for Operational Challenges
Since the role involves tackling operational issues, think of examples from your past experiences where you successfully identified and resolved similar challenges. This will show your problem-solving skills and ability to improve processes.
✨Understand Regulatory Changes
Familiarise yourself with recent technical and regulatory changes affecting HR, compliance, and risk. Being able to discuss how these changes impact business operations will set you apart as a knowledgeable candidate.
✨Build Relationships with Stakeholders
Emphasise your ability to build strong working relationships across various teams. Prepare examples of how you've collaborated with different departments in the past, as this is crucial for the role's success.
