At a Glance
- Tasks: Lead the product roadmap for payments and insurance, driving innovation and customer satisfaction.
- Company: Join Very, a digital retailer dedicated to helping families thrive.
- Benefits: Enjoy flexible working, generous holiday, and a £1000 benefits allowance.
- Other info: Inclusive culture with excellent career growth and learning opportunities.
- Why this job: Make a real impact on financial services that help millions of customers.
- Qualifications: 5+ years in product management with a focus on payments or insurance.
The predicted salary is between 36000 - 60000 £ per year.
About Us
We’re the team behind digital retailer Very. Our purpose, helping families get more out of life, powers everything we do. And we want our people to get more out of life too! If you’re high-performing, ambitious and make the most of every opportunity, we want to hear from you. In return, you’ll enjoy heaps of flexibility, great perks and benefits, and the freedom to be yourself, keep learning and take your career wherever you want it to go. If you love making a difference, you’ll love making it sparkle for millions of Very customers.
About Financial Services
Our Financial Services team helps customers say yes to the things they love by offering flexible and responsible ways to pay. From credit products to insurance and account management, we make sure every financial interaction is simple, transparent, and customer-focused. It’s a dynamic environment where data-driven decisions and regulatory compliance go hand in hand with innovation—delivering fair outcomes and great experiences for millions of customers.
About The Role
The Product Manager for Payments & Insurance is responsible for the product roadmap for payments and insurance capabilities. Working within an agile environment, the role translates business objectives, regulatory requirements, and customer needs into well-prioritised product outcomes. The Product Manager collaborates closely with engineering, delivery, design, operations, compliance, and commercial stakeholders to deliver secure, scalable, and customer-centric payment and insurance solutions.
What You Will Be Doing
- Product Strategy & Roadmap
- Responsible for the Payments & Insurance product roadmap, aligned with overall product strategy and business goals
- Contribute to product vision and strategic planning in partnership with the Lead Product Manager
- Identify opportunities to improve conversion, reliability, compliance, and customer experience across payments and insurance journeys
- Balance new feature development, technical improvements, regulatory changes, and operational enhancements
- Agile Delivery & Execution
- Act as Product Owner for the Payments & Insurance domain within agile delivery teams
- Define, refine, and prioritise the product backlog (epics, features, user stories, acceptance criteria)
- Lead sprint planning, backlog refinement, and sprint reviews for your product area
- Make day-to-day prioritisation decisions to maximise value delivery
- Stakeholder Collaboration
- Work closely with engineering, delivery, UX/UI, data, legal, compliance, finance, and operations teams
- Engage with external partners and vendors (e.g. payment service providers, insurers) where required
- Clearly communicate roadmap progress, trade-offs, risks, and outcomes to stakeholders
- Customer & Market Insight
- Use customer research, analytics, and feedback to inform product decisions
- Monitor payments and insurance industry trends, competitor offerings, and emerging technologies
- Ensure products meet customer needs while adhering to regulatory and compliance requirements
- Governance, Risk & Compliance
- Ensure all Payments & Insurance features meet legal, regulatory, and security standards
- Partner with risk, compliance, and legal teams to manage regulatory change impacts
- Support audits, incident reviews, and continuous improvement initiatives
- Performance & Outcomes
- Define and track success metrics (e.g. conversion, revenue, cost, reliability, fraud, claims performance)
- Use data to evaluate product performance and drive continuous improvement
- Report progress and insights to the Lead Product Manager & other senior stakeholders
Essential About you
Experience as a Product Manager or Product Owner in an agile environment. Strong understanding of agile product development practices (Scrum, Kanban, or similar). 5+ years’ Experience working with payments, financial services, insurance, or other regulated products. Proven ability to translate complex requirements into clear, actionable product backlogs. Strong stakeholder management and communication skills. Data-driven mindset with experience using analytics to inform decisions.
Desirable
Experience with payment gateways, wallets, billing, and/or insurance lifecycle systems. Familiarity with financial services and payments/insurance regulation. Experience working with third-party vendors and APIs. Exposure to scaling products in high-availability or high-volume environments.
Some Of Our Benefits
Flexible, hybrid working model. Inclusive culture and environment. £1000 flexible benefits allowance to suit your needs. 30 days holiday + bank holidays. Udemy learning access. Bonus potential (performance and business-related). Up to 25% discount on Very.co.uk. Matched pension up to 6%.
How To Apply
Please note that the talent acquisition team are managing this vacancy directly, and if successful in securing this role, you will be required to undertake a credit, CIFAS, Right to Work checks and if a specific requirement of your role a DBS (criminal records) check. Should your application progress we require you to let the team know if there is anything you need to disclose in relation to any of these checks prior to them being undertaken, including any unspent criminal convictions.
What happens next?
Our talent acquisition team will be in touch if you’re successful so keep an eye on your emails! We’ll arrange a short call to learn more about you, as well as answer any questions you have. If it feels like we’re a good match, we’ll share your CV with the hiring manager to review. Our interview process is tailored to each role and can be in-person or held remotely. You can expect a two-stage interview process for this position:
- 1st stage – An informal 30-minute video call with the hiring team to discuss your skills and relevant experience. This is a great opportunity to find out more about the role and to ask any questions you may have.
- 2nd Stage – A one-hour formal interview where you can expect both competency and technical questions (task based). This can be held either in-person or remotely.
As an inclusive employer please do let us know if you require any reasonable adjustments. If you’d like to know more about our interviews, you can find out here.
Diversity, inclusion and equal opportunities
We’re building a culture of everyday inclusion, and welcome applications from anyone who believes they can do the job. We don’t discriminate based on age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, or sexual orientation. We want our recruitment process to be accessible to everyone. If you need reasonable adjustments to apply, interview, or perform a role, let us know via talentacquisition@theverygroup.com. We’ll be happy to support you. We’re proud to be a Disability Confident Committed Employer and have nine brilliant colleague networks - including DAWN (Disability Awareness at Very) and Think (Neurodiversity at Very) - that are helping us make Very an even more inclusive place to work.
Product Manager - Payments and Insurance in Liverpool employer: The Very Group
The Very Group is an exceptional employer that fosters a collaborative and innovative work culture, perfect for aspiring finance professionals. Located in the vibrant East Midlands, we offer comprehensive employee growth opportunities, including training and development programmes, alongside competitive benefits that support work-life balance. Join us to be part of a dynamic team where your contributions directly impact our financial success and operational excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Product Manager - Payments and Insurance in Liverpool
✨Join Product Management Meetups
Get involved in local product management meetups or workshops. These events are perfect for meeting industry folks, sharing ideas, and staying updated on trends. Plus, you never know who might be hiring—it's a fantastic way to make connections that could lead to a job at places like The Very Group!
✨Show Off Your Product Sense
Create case studies or mini-projects showcasing your product management skills, and share them on platforms like Medium or LinkedIn. This not only puts your skills on display but also boosts your visibility in the product community. Imagine how impressed the hiring team at The Very Group would be by your initiative!
✨Utilise Online Communities
Dive into online product management communities like Product Coalition or Mind the Product. Engage in discussions, ask questions, and share your insights. These platforms are goldmines for networking and finding hidden job opportunities—many companies often scout talent from within these circles.
✨Leverage Your University Network
If you’ve recently graduated or are still in uni, tap into your alumni network for connections in product management. Many universities have their own job boards and affinity resources to help graduates land roles. Don't forget to keep an eye out for job openings at The Very Group through your school's career services!
We think you need these skills to ace Product Manager - Payments and Insurance in Liverpool
Some tips for your application 🫡
Show Off Your Product Passion:When applying for a product management role like Product Manager - Payments and Insurance, let your passion for developing products shine through in your cover letter. Share specific examples of products you've managed, how you solved user needs, and any successful outcomes you've achieved. This is your chance to showcase your understanding of the product lifecycle!
Highlight Your Cross-Functional Skills:Product management isn't just about understanding the product; it’s about collaborating with different teams! Make sure to emphasise your experience working with developers, designers, and marketers. Use your CV to showcase your ability to bridge gaps between these areas, and include relevant experiences that demonstrate your communication and leadership skills!
Include Your Metrics and Achievements:In a full-time product management application, data speaks volumes! Quantify your achievements wherever possible. Did you increase user retention by a certain percentage? Launch a product ahead of schedule? Include these metrics in your CV to paint a picture of your impact and effectiveness in previous roles.
Tailor Your CV to the Role:Make sure your CV is tailored for the Product Manager - Payments and Insurance position at The Very Group. Use keywords from the job description and ensure your relevant experiences are front and centre. Highlight any certifications or relevant training you’ve completed that will make you stand out as a strong candidate for the role. And remember, we’re excited to see your application on our website!
How to prepare for a job interview at The Very Group
✨Understand the Product Life Cycle
As a product management candidate, we need to get our head around the complete product life cycle. Be prepared to discuss real-world examples of how you’ve managed product development from ideation to launch. Bring specific insights on tools like JIRA or Trello that can help streamline these processes.
✨Showcase Your Cross-Functional Skills
Product management is all about collaboration. We should be ready to highlight how we’ve worked across teams—think marketing, engineering, and design. Prepare to discuss scenarios where you had to mediate differing opinions and how you got everyone on board with a shared vision.
✨Prepare for Case Studies
In a full-time role, we can expect to encounter case study questions during our interviews. Practise solving hypothetical product problems on the spot, such as prioritising features for a new app or improving user engagement metrics. This will show our analytical thinking and decision-making skills.
✨Know Your Metrics
Let’s face it, numbers are our best friends in product management. We should prepare to discuss key performance indicators (KPIs) and how we've used analytics to inform product decisions. Dive into examples where data has driven our strategy for improvements or justified product changes.
