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- Tasks: Lead the product development process from concept to launch in the insurance sector.
- Company: Join an award-winning provider in Insurance and Financial Services, known for its friendly team.
- Benefits: Enjoy a generous remuneration package, bonuses, and a supportive work environment.
- Why this job: Be instrumental in shaping product strategy during a pivotal growth phase.
- Qualifications: Experience in product development within Insurance or Financial Services is essential.
- Other info: Collaborate with cross-functional teams and leverage your analytical skills for impactful results.
The predicted salary is between 43200 - 72000 £ per year.
My client is an award winning Product provider in the Insurance and Financial Services sector and, due to significant new developments in the business, they are looking for an experienced Product Development Manager to join their friendly team. Working initially in the protection area duties will include:
- Managing the full cycle product development process from concept through to launch for both existing and planned products.
- Conduct market review for product development opportunities
- Conduct market and competitor research and analysis to help inform business strategy.
- Work closely with marketing, actuarial, underwriting and claims teams to ensure products are aligned across departments.
- Analyse product performance in order to gain insights to drive performance and client experience.
- Work closely with sales and customer service teams.
- Provide analysis and commentary to the management team relating to product performance and market challenges and opportunities.
Applicants must possess product development experience from the Insurance or Financial Services sector from initial concept through to product launch. You will possess strong analytical skills with the ability to translate insights into product strategy. Commercial acumen and prior project experience will be key along with good knowledge of the UK regulatory landscape. Excellent communication skills and a creative approach are imperative with the ability to collaborate effectively with cross functional teams in order achieve the organisations product strategy.
This is an exciting opportunity for an experienced Product Development specialist to join an award winning company and employer in a pivotal time its growth and development. They offer an excellent work environment, generous remuneration package including bonus, along with the opportunity to be instrumental in the development of their product strategy for the next 5 plus years.
Product Development Manager - Insurance employer: Front Row Recruitment
Contact Detail:
Front Row Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Development Manager - Insurance
✨Tip Number 1
Familiarize yourself with the latest trends in the insurance and financial services sector. Understanding current market dynamics will help you identify product development opportunities that align with the company's strategy.
✨Tip Number 2
Network with professionals in the industry, especially those who have experience in product development. Engaging with others can provide valuable insights and potentially lead to referrals within the company.
✨Tip Number 3
Prepare to discuss specific examples of your past product development projects during the interview. Highlight how you managed the full cycle from concept to launch and the impact of your work on product performance.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've used data to inform product strategies in previous roles. This will demonstrate your ability to translate insights into actionable plans.
We think you need these skills to ace Product Development Manager - Insurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your product development experience specifically in the Insurance or Financial Services sector. Emphasize your skills in managing the full cycle of product development and any relevant projects you've led.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your analytical skills and commercial acumen align with the company's needs, and provide examples of how you've successfully collaborated with cross-functional teams.
Showcase Market Knowledge: Demonstrate your understanding of the UK regulatory landscape and market trends in your application. Mention any specific insights or analyses you've conducted that could benefit the company's product strategy.
Highlight Communication Skills: Since excellent communication is key for this role, include examples in your application that showcase your ability to convey complex information clearly and effectively, especially in collaborative settings.
How to prepare for a job interview at Front Row Recruitment
✨Showcase Your Product Development Experience
Be prepared to discuss your previous product development projects in detail. Highlight your role in the full cycle from concept to launch, and be ready to share specific examples that demonstrate your expertise in the insurance or financial services sector.
✨Demonstrate Analytical Skills
Since strong analytical skills are crucial for this role, come equipped with examples of how you've used data to inform product strategy. Discuss any market research or competitor analysis you've conducted and how it influenced your decision-making process.
✨Emphasize Cross-Functional Collaboration
This position requires effective collaboration with various teams. Prepare to talk about your experience working with marketing, actuarial, underwriting, and claims teams. Share how you ensured alignment across departments and the impact it had on product success.
✨Understand the Regulatory Landscape
Familiarize yourself with the UK regulatory environment related to insurance products. Be ready to discuss how you have navigated regulatory challenges in past roles and how you plan to ensure compliance in future product developments.
