At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
The Role: Proposition Executive
M&G Life is a division of M&G plc and runs the Prudential Assurance Company, responsible for the manufacture and review of all insurance products including our legacy back book and life and pension products open for new business within the UK retail market.
The successful candidate will report into the Head of PruFund Proposition within the Product and Proposition Team in M&G Life and support the risk management, governance and ongoing management and development of the PruFund proposition within ILP.
The role will provide support in terms of the day to day management of the PruFund proposition as well as supporting on Proposition Development initiatives. Knowledge of PruFund would be useful, but the desire and ability to build knowledge to develop into an SME is as important. This role may suit those looking to develop their career in Product/Proposition Management and/or expanding their knowledge of PruFund.
Key responisbilities for this role
- Support the effective risk and governance oversight of propositions by gathering data and evidence to aid the Proposition Manager and Head of Proposition making objective assessments of their performance and suitability across the end to end value chain (Price, Service, Performance etc), considering if the proposition is performing against agreed tests of customers fair value, product, risk and plan performance expectations and identifying and implementing improvement actions as appropriate
- Support and get involved in the effective development and delivery of the proposition strategy, including analysis of risk. Maintain a close understanding of the competitive market, the need for new initiatives and enhancement of existing offerings, underpinned by relevant business trends, regulatory standards and market insights, delivered through efficient and secure change management implementation
- As a key proposition SME, acting as an effective communicator and proposition champion, able to convey the value of the propositions internally with cross functional teams
- Development and maintenance of timely and accurate reporting, for use in forums including through the relevant management committees, Supervisory Boards and Accountable Persons
- Analysis and maintenance of key product information enabling a robust and comprehensive data set available for ongoing reviews of the proposition, communication within the business and to specific external stakeholders where appropriate.
Knowledge, Skills and Experience
- Strong analytical skills – demonstratable experience of being able to interpret data and identify areas of opportunity, risk and threat in the internal and market environment
- Customer focus – proven ability to evidence seeing things through the eyes of of the customer and translating this into our matrix management structure
- Knowledge of the financial advised insurance market – understanding how advisers place business and engage with proposition and the technical, regulatory, financial and risk framework within which business and product must operate
- Delivery focused – able to demonstrate they understand how value is generated through the value chain
- Good communicator – able to work collaboratively across the internal teams
- Innovative – able to make recommendations and articulate ideas that bring a difference to the proposition set
Work Level: Experienced Colleague
Recruiter: Phoebe Ewers
We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]
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What We Do
M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2023, we had £343.5 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work.
With a heritage dating back more than 175 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our three distinct operating segments, Asset Management, Life and Wealth, work together to provide access to balanced, long-term investment and savings solutions.
