At a Glance
- Tasks: Lead the entire product lifecycle for innovative insurance solutions.
- Company: Join Davies, a diverse and inclusive tech-driven consulting firm.
- Benefits: Enjoy 25 days holiday, discounts, and professional development opportunities.
- Other info: Dynamic environment with excellent career growth and a commitment to diversity.
- Why this job: Shape the future of insurance products and make a real impact.
- Qualifications: Experience in product management and strong knowledge of insurance value chains.
The predicted salary is between 60000 - 75000 £ per year.
As a Senior Insurance Product Manager at Davies in the Consulting and Technology division, you will be at the forefront of shaping our insurance product portfolio and driving its success across claims, underwriting, and policy lifecycle solutions, working directly with the Insurance Industry Lead and associated team. Reporting to the Director of Product and working directly with the Product Management function, you will be responsible for executing a comprehensive Insurance product portfolio that aligns with Consulting and Technology goals and objectives.
Key Responsibilities
- Product Leadership: Take ownership of the entire product lifecycle, from concept to launch, and ensure alignment with a focus on driving insurance solutions in alignment with the company vision.
- Insurance Strategic Planning: Work directly with the Consulting and Technology Insurance Lead and associated team to develop Insurance Business Strategy into compelling Insurance Products into repeatable products.
- Roadmap Ownership: Create and maintain a clear and well-communicated product roadmap that outlines key features, enhancements, and releases, ensuring alignment with business priorities.
- Cross-Functional Collaboration: Collaborate with cross-functional teams, including development, design, marketing, and commercial, to drive product success and alignment with company goals.
- Market Analysis: Conduct in-depth market research to identify emerging trends, opportunities, and areas for growth within the insurance and InsurTech landscape.
- Competitive Analysis: Monitor competitor products, including InsurTech and core insurance platform providers, identifying areas for differentiation and innovation.
- Financial Accountability: Manage the product budget, track financial performance, and ensure products meet revenue, profitability, and cost control targets.
- Customer-Centric Approach: Maintain a deep understanding of user needs across insurers, brokers, MGAs, and claims teams, through continuous engagement and feedback.
- Product Launch Excellence: Work closely with the stakeholder environment to plan and execute successful product launches, including go-to-market strategies, marketing collateral, and customer training materials.
- KPI-Driven Decision-Making: Define and track key performance indicators (KPIs) to measure the success and impact of product initiatives.
Skills, Knowledge Expertise
- Insurance Domain Expertise Essential: Strong knowledge of insurance value chains, including claims, underwriting, delegated authority, policy administration and regulatory requirements, to inform product decisions.
- Regulatory Compliance Awareness: Ensure products are designed in line with UK and international insurance regulations (e.g. FCA requirements, data protection, auditability).
- Extensive experience as a Product Manager across the full lifecycle from ideation to development and Go-To-Market.
- People management skills, with the ability to lead cross-functional teams.
- Exceptional analytical and strategic thinking abilities.
- Proficiency in creating and maintaining product roadmaps and strategy documents.
- Good communication and interpersonal abilities, with the capacity to effectively collaborate with stakeholders at all levels.
- Ability to thrive in a fast-paced, dynamic environment.
- Dedication to delivering exceptional products that meet customer needs and drive business growth.
- Experience in regulated industries, such as insurance or banking, is advantageous.
Job Benefits
Davies are committed to being a diverse and inclusive workplace. We welcome candidates of all genders, gender identity and expression, neurodiversity, sexual orientation, disability, physical appearance, body size, race, age, nationality, and belief (or lack thereof). Join us and enjoy our ever-evolving benefits, including but not limited to:
- Reward platform – discounts for over 800 retailers
- 25 days holiday (rising with service)
- Well-being centre
- Recognition programme
- Paid fertility appointments
- Fostering friendly employer
- Pension - matched contribution at 5%
- Life Assurance (4 x basic salary)
- Development, training, and professional qualification
Senior Product Manager - Insurance employer: Davies Group
Davies Group is an exceptional employer that prioritises the growth and well-being of its employees, offering a dynamic work environment where autonomy and collaboration thrive. With a strong focus on professional development and evolving benefits such as holiday pay and well-being programs, employees are empowered to reach their full potential while contributing to meaningful projects in the insurance sector. Join us in the UK to be part of a diverse team that values your contributions and supports your career journey.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Product Manager - Insurance
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Davies Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Davies Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Product Manager - Insurance
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Davies Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Davies Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Davies Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Davies Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Davies Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Davies Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
