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For Companies At a Glance
- Tasks: Lead product strategy and optimise LV= protection offerings for customer satisfaction.
- Company: Join LV= Life and Pensions, a dynamic leader in the protection insurance market.
- Benefits: Enjoy hybrid working, 30 days holiday, and a competitive pension scheme.
- Why this job: Be part of a collaborative team driving impactful change in the protection sector.
- Qualifications: Experience in protection products and agile project management is essential.
- Other info: This is a 6-month fixed-term contract with opportunities for internal secondments.
The predicted salary is between 36000 - 60000 £ per year.
About The Role
Within this role, you’ll be responsible for optimising the performance of LV= protection products and wider proposition features to meet the needs of our valued customers and distributors, and for extending the distribution footprint of LV= protection products – this will drive profitable growth and retention of our Protection insurance portfolio.
The role will be key in developing our product and proposition strategy and you’ll help identify, assess, prioritise and deliver opportunities to achieve our strategy through product development.
Our ideal candidate will…
• Have accrued significant experience and understanding of the Protection market, products, distribution and journeys and be recognised internally and externally as a Subject Matter Expert for Protection products.
• Demonstrate a track record of significant product launches from concept stage to implementation and delivered in line with time, cost and quality targets.
• Showcase agile project management and proposition development experience.
• Have the financial acumen to understand profitability and financial reporting metrics of protection products.
• Be a motivated self-starter with a passion for the Protection business.
• Be curious, with a creative, problem-solving approach, and the willingness to challenge status quo.
• Competently work cross-functionally to reconcile competing priorities while meeting objectives.
• Be an excellent communicator with stakeholder management skills, plus experience in supplier management, developing and maintaining supplier relationships and operating efficiency plans.
• Take an analytical approach to business initiatives, considering implications and risk when developing plans.
•Ensuring that excellent customer and distributor outcomes are delivered.
•Supporting the financial plan for Protection products, and meeting/exceeding annual plan targets. Achieved through analysing profitability and sales performance across the LV= protection offerings.
•Developing new (and enhancing existing) products and supporting features, carrying out detailed research and development, while working closely with other LV= stakeholders.
•Maintaining a strong understanding of the external environment, including competitor analysis, Customer & Distributor insights, and technological/regulatory developments and initiatives.
•Building relationships with peers at third-party organisations.
•Ensuring all products are operated and managed within the LV= product governance framework, including Customer Outcomes and Fair Value considerations.
•Working collaboratively with other areas of the business to align efforts in delivering the business plan and meeting growth aspirations of the LV= protection business, all while delivering fair customer outcomes.
•Supporting the management within appetite of regulatory and legislative risks associated with proposition development.
Rewards & Benefits
This role is a Band C in the LV= Structure.
At LV= Life and Pensions, you’ll go above and beyond to do the right thing for our customers. We’ll reward your hard work with an attractive, competitive salary and benefits package, which includes:
•30 days\’ holiday, with the option to buy up to 2 additional days
•Competitive pension scheme – LV= Life and Pensions will double-match the amount you pay, up to 14% (subject to National Minimum Wage requirements)
•An annual bonus scheme based on company and personal performance
•Single-cover private medical insurance (with the option for you to upgrade to family cover)
•Flexible benefits, including a cycle to work scheme, personal accident insurance, critical illness cover and dental insurance
•Up to 20% discount on our life products for you and your immediate family
•A group life assurance policy with 4 x your basic pay to go to your dependents (you’ll have the option to increase to 8 x cover)
•Group Income Protection (if you become a member of the Pension scheme and reach 5 years of service)
•Access to our Employee Assistance Programme (EAP) for support when you need it
•A virtual GP service
•Shared parental leave.
About Us
Here at LV= Life and Pensions we love to hear from great people, so don’t forget to connect with us on social media.
We’re proudly an equal-opportunity employer and we highly value diversity and inclusivity.
We don’t discriminate on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We’re also open to conversations about flexible working as part of your application – if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen.
Please note that we are unable to offer Skilled Worker Visa Sponsorship for this role. Therefore, you must ensure that you are eligible to work in the UK without our sponsorship in order for your application to be considered.
Please note that any successful internal colleagues will be offered a secondment opportunity. The secondment policy is available on the intranet for internal colleagues. #J-18808-Ljbffr
Product & Proposition Manager (Protection) employer: LV
Contact Detail:
LV Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product & Proposition Manager (Protection)
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the Protection market. This will not only help you understand the competitive landscape but also allow you to speak confidently about how you can contribute to LV='s product and proposition strategy.
✨Tip Number 2
Network with professionals in the insurance and protection sectors. Attend industry events or webinars to connect with potential colleagues and gain insights into what makes a successful Product & Proposition Manager in this field.
✨Tip Number 3
Prepare to discuss specific examples of your past product launches and how they were delivered on time and within budget. Highlighting your project management skills will demonstrate your capability to handle the responsibilities of this role.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've used data to drive decisions in previous roles. Understanding profitability and financial metrics is crucial, so be prepared to explain how you've applied this knowledge in practice.
We think you need these skills to ace Product & Proposition Manager (Protection)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in the Protection market. Focus on specific product launches you've managed and any strategic changes you've implemented, as these are key aspects of the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the Protection business and your understanding of customer needs. Mention how your skills align with the responsibilities outlined in the job description, particularly in developing product strategies.
Showcase Relevant Experience: When detailing your work history, emphasise your agile project management experience and your ability to work cross-functionally. Use specific examples that demonstrate your analytical approach and stakeholder management skills.
Research LV=: Familiarise yourself with LV= and their Protection products. Understanding their market position and recent developments will help you tailor your application and show genuine interest in the company.
How to prepare for a job interview at LV
✨Showcase Your Expertise
Make sure to highlight your experience in the Protection market. Be prepared to discuss specific products you've worked on and how your expertise can benefit the team at LV=.
✨Demonstrate Strategic Thinking
Prepare examples of how you've shaped and delivered strategic changes in previous roles. Discuss your approach to product development and how you prioritise opportunities for growth.
✨Communicate Effectively
Since stakeholder management is key, practice articulating your thoughts clearly. Be ready to explain how you've successfully collaborated with cross-functional teams and maintained supplier relationships.
✨Be Analytical
Show your analytical skills by discussing how you've used data to inform business decisions. Be prepared to talk about how you assess profitability and sales performance in relation to product offerings.
