At a Glance
- Tasks: Manage and oversee life and pensions propositions, ensuring compliance and driving growth.
- Company: M&G, a leading financial services provider with over 175 years of innovation.
- Benefits: Competitive pension scheme, 38 days annual leave, and flexible working arrangements.
- Other info: Inclusive culture welcoming diverse backgrounds and offering excellent career development opportunities.
- Why this job: Join a collaborative team making a real impact in the financial services industry.
- Qualifications: Experience in life and pensions product management and strong communication skills.
The predicted salary is between 40500 - 49500 £ per year.
At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
The Long-Standing Propositions team is made up of subject matter experts with extensive knowledge of M&G’s insured propositions and a deep understanding of the legislative, regulatory and tax framework within which the products are operated. The Conduct & Enablement team within the business area has primary responsibility for ensuring that relevant Propositions are operating within risk appetite, including the provision of oversight and co-ordination of regulatory change implementation across the business area, and the completion of proposition reviews to the agreed risk-based review cycle for relevant products.
The successful candidate will join the Conduct & Enablement Team (part of the Long-Standing Propositions area) which is responsible for the management and oversight of a wide range of activities within M&G. The team enables a number of key activities for the area including:
- Oversight and co-ordination of regulatory change implementation
- The completion of proposition reviews to the agreed risk-based review cycle
- The prioritisation and co-ordination of Notifiable Events, issues and propositional changes
- 1st line risk and controls support for the area
Previous experience working in the area of life & pensions product management is essential. The role requires an experienced product/commercial manager with the following capabilities:
- Good understanding of life & pensions products, with previous experience in managing existing life & pensions propositions
- Experience in developing existing life & pension products or new products in line with changing regulation and customer needs
- Experience in delivering regulatory projects
- Ability to identify and deliver growth opportunities
- Good working knowledge of life and pensions products, markets and competitors
- Good working knowledge of financial services regulatory and legislative frameworks
We are looking for a talented professional from the life and pension industry with a proven life and pensions product and technical background. A confident communicator and relationship builder, with strong business analysis and problem solving skills. Excellent planning and organisational skills – able to work well under pressure, balancing multiple priorities. Ability to deal with a wide range of business stakeholders at all levels within and outside the organisation. This is a collaborative role, working with various teams across the business as well as outsourced service providers and other third parties.
What we offer:
- A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions)
- Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services
- Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days
- Our Time Off When You Need It policy gives you the flexibility to balance work and personal commitments
- Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options
At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.
M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application. We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying.
Proposition Manager in Stirling employer: Prudential Distribution
M&G is an exceptional employer that prioritises employee wellbeing and professional growth, offering a comprehensive benefits package including an 18% pension scheme, generous annual leave, and extensive family support policies. Our inclusive culture fosters collaboration and innovation, ensuring that every team member feels valued and empowered to contribute to our mission of providing confidence in financial solutions. Located in the heart of the UK, we embrace flexible working arrangements, making it easier for you to balance your personal and professional life while thriving in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Proposition Manager in Stirling
✨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 Prudential Distribution). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨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 Prudential Distribution. 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 Proposition Manager in Stirling
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 Prudential Distribution.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Prudential Distribution. 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 Prudential Distribution
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Prudential Distribution 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 Prudential Distribution, 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 Prudential Distribution'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.
