At a Glance
- Tasks: Lead product development for payments and insurance in a dynamic, agile environment.
- Company: Join the innovative team at Very, dedicated to helping families thrive.
- Benefits: Enjoy flexible working, generous holiday, and a £1000 benefits allowance.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Make a real impact on customer experiences in financial services.
- Qualifications: 5+ years in product management with a focus on payments or insurance.
We’re the team behind digital retailer Very. Our purpose, helping families get more out of life, powers everything we do.
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.
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.
- 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
- Lead sprint planning, backlog refinement, and sprint reviews for your product area
- Work closely with engineering, delivery, UX/UI, data, legal, compliance, finance, and operations teams
- Clearly communicate roadmap progress, trade-offs, risks, and outcomes to stakeholders
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
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. Data-driven mindset with experience using analytics to inform decisions. Experience with payment gateways, wallets, billing, and/or insurance lifecycle systems. Familiarity with financial services and payments/insurance regulation.
Flexible, hybrid working model. 1000 flexible benefits allowance to suit your needs. ~30 days holiday + bank holidays. ~ Bonus potential (performance and business-related). ~ Up to 25% discount on Very.co.uk. Matched pension up to 6%.
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. Our talent acquisition team will be in touch if you’re successful so keep an eye on your emails!
Our interview process is tailored to each role and can be in-person or held remotely.
- 1st stage - An informal 30-minute video call with the hiring team to discuss your skills and relevant experience.
- 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.
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’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 Owner/manager - Insurance in Liverpool employer: The Very Group
The Very Group is an exceptional employer located in the vibrant city of Liverpool, offering a dynamic work culture that fosters creativity and collaboration. With a strong emphasis on employee growth, you will have access to flexible working arrangements, a competitive bonus structure, and a range of additional benefits that enhance your overall well-being. Join us to be part of a forward-thinking team where your contributions to knowledge management will make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Product Owner/manager - Insurance in Liverpool
✨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 The Very Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨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 The Very Group. 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 Product Owner/manager - Insurance in Liverpool
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 The Very Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Very Group. 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 The Very Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Very Group 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 The Very Group, 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 The Very Group'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.
