At a Glance
- Tasks: Shape and drive the future of underwriting through innovative product management.
- Company: Join Hiscox, a leading brand in the insurance market known for excellence.
- Benefits: Enjoy a hybrid work model, competitive salary, and a focus on diversity.
- Other info: Collaborative culture with opportunities for growth and continuous improvement.
- Why this job: Be a key player in transforming underwriting processes and making a real impact.
- Qualifications: Experience in insurance and product management with strong stakeholder engagement skills.
The predicted salary is between 60000 - 80000 £ per year.
Build a brilliant future with Hiscox.
About Hiscox UK: Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.
Business Context: Hiscox UK is embarking on a major transformation to drive growth and improve efficiency, ensuring we remain competitive in an increasingly complex market. This transformation focuses on four key business areas: Direct, Broker, Operations and Underwriting, with a strong emphasis on building a sustainable, long-term transformation capability. A number of initiatives are already underway across these areas, requiring clear ownership, prioritisation and delivery to realise business value. Product Managers will play a critical role as transformation partners to the business, shaping vision, defining roadmaps and driving delivery of change. This is a senior role requiring strong stakeholder management and the ability to build trusted relationships at UKLT level.
The Role - Underwriting: This role will specifically partner with the Underwriting business area, with responsibility for shaping, prioritising and executing the roadmap to support underwriting decision-making and risk selection. This includes driving the transformation of underwriting platforms, tools and supporting capabilities, ensuring the proposition evolves to support efficient, effective and data-driven underwriting in line with business strategy.
Purpose:
- Collaborate with Senior Leadership to define, own and continuously evolve the multi-year roadmap for the business area, with end-to-end accountability for the strategic outcomes, investment decisions, benefits realisation across a multi-product portfolio.
- Be accountable for articulating, evolving and landing the outcomes inherent within the roadmap for the business vertical they are supporting.
- Broker against competing demands to ensure the right trade-offs are made to secure the benefits realisation plan.
- Own Discovery & Experience Design. Lead problem framing, hypothesis-driven discovery, facilitate journey mapping and UX/CX collaboration.
- Ensure business outcomes are translated into clearly defined, outcome-based product intent, with requirements elaborated at the appropriate level by the wider delivery team.
- Being the ambassador and voice of their journey area within the Transformation function, ensuring there is a clear articulation of the case for change and the capability needed to deliver that.
- Agree solutions and compromises to ensure the right decisions are made for our customer groups.
- Identifying issues across the complex delivery landscape and highlighting where business outcomes are under threat to ensure corrective action is taken.
- Create and foster strong relationships with all stakeholder groups across the business and transformation areas.
Key Responsibilities:
- Front door to Transformation - Acting as the UKLT’s front door to transformation, reporting to the relevant UKLT member as a dotted line.
- Define, Own and Iterate the Product Vision & Strategy for each business area using both external and internal data to drive strategic decisions.
- Backlog Ownership: Define outcomes, prioritise epics/features using a transparent framework tied to measurable value.
- Be embedded within the business area working with the senior team to co-create and evolve the strategy and then translate this into capability needed.
- Roadmap development & management - Overall accountability for creating and evolving business area roadmap, ensuring there is a clear read across to the business strategy.
- Trade Off Management - make and defend complex prioritisation and investment trade-offs across competing strategic objectives, and act as a strong voice of the business in transformation governance.
- Accountable for the delivery and optimisation of material business benefits, including commercial growth, efficiency, and customer outcomes, and for corrective action where value is at risk, tracking performance and identifying challenges and opportunities.
- Drive out opportunities to enable business owned change and increasing flexibility and agility in delivery.
- Measurement: Define success metrics (OKRs/KPIs), monitor performance, and iterate.
Candidate Profile Skills and Experience:
- Strong experience in the insurance sector, operating as a Product Manager / Senior Product Manager in underwriting or underwriting platform environments, with a clear understanding of underwriting processes and risk decision-making.
- Proven experience partnering with senior stakeholders, including Executive/ExCo-level leaders, to shape strategy, define roadmaps and influence investment decisions.
- Track record of leading and delivering large-scale product or transformation initiatives across complex business domains.
- Strong strategic and commercial mindset, with the ability to balance growth, efficiency and customer outcomes.
- Experience owning and evolving product roadmaps, including prioritisation, trade-off decisions and benefits realisation.
- Strong capability in discovery and problem framing, working closely with design, technology and business teams to shape solutions.
- Experience embedding customer insight into product and roadmap decisions, particularly within digital or customer-facing environments.
- Comfortable operating in matrixed, cross-functional environments, with strong stakeholder management and influencing capability.
- Strong communication skills, with the ability to clearly articulate the case for change.
- Experience working in Agile product environments, including backlog ownership and delivery oversight.
- Data-driven mindset, with experience tracking performance and delivering measurable outcomes.
- Collaborative leadership style, with the ability to bring others along the transformation journey.
Ways of Working:
- Collaborative and inclusive, working across teams to shape priorities and deliver outcomes.
- Growth mindset, focused on continuous improvement and unlocking potential.
- Strong team player, able to bring others along the transformation journey.
Diversity and flexible working at Hiscox: At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also know that working life doesn’t always have to be in the office, and as long as it’s safe to do so, we will be operating a hybrid way of working to encourage a healthy work life balance, with 2 to 3 days in the office per week.
Product Manager – Underwriting employer: Hiscox
Hiscox UK is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the insurance sector. With a strong commitment to employee growth, diversity, and a hybrid working model, we empower our team members to thrive while contributing to meaningful transformation initiatives. Join us to be part of a culture that values your insights and supports your professional journey in a leading brand known for its excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Product Manager – Underwriting
✨Tip Number 1
Network like a pro! Reach out to people in the insurance sector, especially those who work at Hiscox. A friendly chat can open doors and give you insights that might just set you apart from other candidates.
✨Tip Number 2
Prepare for interviews by diving deep into Hiscox's recent projects and transformations. Show us you’re not just interested in the role but also in how you can contribute to their ongoing success.
✨Tip Number 3
Practice your storytelling skills! Be ready to share specific examples of how you've tackled challenges in product management or underwriting. We love hearing about real experiences that demonstrate your capabilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Hiscox team.
We think you need these skills to ace Product Manager – Underwriting
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to reflect the specific skills and experiences mentioned in the job description. We want to see how your background aligns with the role of Product Manager – Underwriting, so don’t hold back on showcasing your relevant experience!
Showcase Your Stakeholder Management Skills:Since this role involves strong stakeholder management, highlight any past experiences where you've successfully collaborated with senior leaders or cross-functional teams. We love seeing examples of how you’ve built trusted relationships and influenced decisions.
Be Data-Driven:As a Product Manager, having a data-driven mindset is crucial. Include examples of how you've used data to inform your decisions or track performance in previous roles. This will show us that you understand the importance of metrics in driving business outcomes.
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows your enthusiasm for joining our team!
How to prepare for a job interview at Hiscox
✨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of underwriting processes and risk decision-making. Familiarise yourself with the latest trends in the insurance sector, especially those relevant to Hiscox. This will not only help you answer questions confidently but also demonstrate your genuine interest in the role.
✨Showcase Your Stakeholder Management Skills
Prepare examples that highlight your experience in partnering with senior stakeholders. Think about how you've shaped strategy or influenced investment decisions in previous roles. Being able to articulate these experiences will show that you can effectively collaborate with the UKLT and other key players.
✨Demonstrate Your Strategic Mindset
Be ready to discuss how you balance growth, efficiency, and customer outcomes in your product management approach. Prepare to share specific instances where you've made trade-off decisions and how those decisions benefited the business. This will showcase your ability to think strategically and make data-driven choices.
✨Emphasise Your Collaborative Leadership Style
Hiscox values a collaborative and inclusive work environment, so be prepared to talk about how you bring others along on the transformation journey. Share examples of how you've worked across teams to shape priorities and deliver outcomes, highlighting your ability to foster strong relationships and drive change.
