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- 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 in a supportive culture.
- Why this job: Be at the forefront of operational change, making a real impact in the insurance sector.
- Qualifications: Must have experience in the insurance sector, preferably within commercial or Lloyd's of London insurance.
- Other info: This role is perfect for those passionate about process improvement and innovation in a fast-paced setting.
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.
NB: This role requires someone who has worked within the insurance sector, preferably commercial or Lloyd's of London insurance. If you have no insurance experience, you will not be considered for the role.
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 I.T 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, I.T, 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 co-ordinating 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
Make sure you 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 more about the specific challenges and innovations in this space.
✨Tip Number 2
Familiarise yourself with the latest trends and regulatory changes affecting HR, compliance, and risk management in the insurance industry. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully tackled operational issues or implemented process improvements. Highlighting your problem-solving skills and ability to drive change will be crucial in showcasing your fit for the role.
✨Tip Number 4
Build strong relationships with key stakeholders in your current or previous roles. Being able to demonstrate your collaborative approach and how you've engaged with various teams will be essential, as this role requires working closely with multiple departments.
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 understanding of HR, compliance, and risk products.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate your passion for the role and how your background aligns with the responsibilities outlined. Mention specific examples of how you've tackled operational issues or improved processes in previous roles.
Showcase Relevant Skills: Highlight skills that are crucial for the Business Product Manager role, such as project management, stakeholder engagement, and technical knowledge of regulatory changes. Use concrete examples to demonstrate these skills.
Proofread Your Application: Before submitting, thoroughly proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Hanson Lee
✨Showcase Your Insurance Knowledge
Make sure to highlight your experience within the insurance sector, especially if you have worked in commercial or Lloyd's of London insurance. 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 identified problems and implemented solutions. Be ready to discuss how you approached these challenges and the outcomes of your actions.
✨Emphasise Continuous Improvement
The company values a culture of continuous improvement, so come prepared with ideas on how to enhance existing products or processes. Discuss any initiatives you've led or contributed to that resulted in significant improvements in efficiency or effectiveness.
✨Build Relationships with Stakeholders
Strong relationships with key stakeholders are crucial for this role. Think of examples where you've successfully collaborated with different teams, such as Operations, IT, or Finance, and be ready to share how you navigated those relationships to achieve project goals.
