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Product & Proposition Manager (Protection)

Bournemouth Full-Time 36000 - 60000 £ / year (est.) No home office possible

At a Glance

Tasks: Lead product strategy and optimise protection offerings for customer satisfaction and growth.
Company: Join LV=, a dynamic insurance provider committed to customer care and innovation.
Benefits: Enjoy hybrid working, 30 days holiday, competitive pension, and various health perks.
Why this job: Be part of a collaborative team driving impactful change in the protection market.
Qualifications: Experience in protection products and strategic project management is essential.
Other info: This is a 6-month fixed-term contract with opportunities for personal growth.

The predicted salary is between 36000 - 60000 £ per year.

Join to apply for the Product & Proposition Manager (Protection) role at LV=

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Join to apply for the Product & Proposition Manager (Protection) role at LV=

At LV= we are recruiting for an experienced Product & Proposition Manager to join our modernised and dynamic Protection team.

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.

We offer hybrid working and you’ll be working from our Bournemouth or Exeter office. This is a 6 Month Fixed Term contract.

About You

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.

• Have a proven ability to shape and deliver strategic change and contribute to wider initiatives.

• 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.

Key Responsibilities

• Developing and delivering a product and proposition strategy to drive profitable growth for the LV= Protection business.

• 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.

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

• Shared parental leave.

About Us

We’re proud of our inclusive culture at LV= and, as an equal-opportunity employer, we continually work to remove unconscious bias from our recruitment process. We value our colleagues for what they bring to our team regardless of any protected status or characteristics they may have. Talk to us about flexible working as part of your application; if it’s right for you, our members and customers, and our business, 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.

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Contract