Senior Proposition Manager

Posted Yesterday
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2 Locations
In-Office
Senior level
Insurance • Financial Services
The Role
Lead development and delivery of UK personal protection products and propositions. Assess concepts for customer need, commercial value and regulatory fit; build business cases; manage product governance and lifecycle; review performance and outcomes; work cross-functionally with Distribution, Marketing, Pricing, Underwriting, Claims, Conduct, Operations and Reinsurance to deliver priorities.
Summary Generated by Built In
Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor. 

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. 

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. 

Who we are 

Our Retail business supports customers throughout their lives, to help them save, plan, protect and enjoy retirement.

We’re a leading provider of retirement and protection solutions. We aim to support our c.12.8 million policyholders and workplace members throughout their lifelong financial journeys. 

We focus on helping the customers of today and tomorrow achieve better long-term outcomes. We either talk with them directly or work with intermediaries and employers to meet their needs. We use the latest technology to connect with them quickly, efficiently and wherever possible in highly personalised ways. 

Job Description

At Legal & General, we’re supporting customers through some of life’s most important financial decisions. This role sits within our UK Retail Protection business and will play a key part in shaping, developing and delivering personal protection products that meet customer needs, support good outcomes and create value for the business.

We’re looking for a Senior Propositions Manager to focus on protection product and proposition development. You’ll be working across strategy, delivery, product governance and regulatory requirements, helping to bring new product ideas and enhancements through from concept to implementation.

    What you'll be doing:

    • Leading the development of new personal protection products and proposition enhancements
    • Assessing product and proposition concepts against customer needs, commercial value and regulatory expectations
    • Turning insight, market knowledge and analysis into practical product development decisions
    • Building clear business cases for new product and proposition opportunities
    • Working closely with Distribution, Marketing, Pricing, Underwriting and Claims, Conduct, Operations and Reinsurance teams
    • Managing product governance activity, including Product Lifecycle Management and Value for Money assessments
    • Reviewing product performance, risks and customer outcomes to ensure products remain fit for purpose
    • Supporting effective delivery across multiple product development priorities

    Who we're looking for:

    • Strong experience in UK protection product development, ideally within personal protection
    • Good knowledge of UK protection products, customers, market dynamics and regulatory requirements
    • Experience managing product governance, Product Lifecycle Management and customer outcome considerations
    • Ability to shape product or proposition strategy and follow through into delivery
    • Experience developing business cases and influencing senior or cross-functional stakeholders
    • Strong commercial judgement, with the ability to balance customer needs, business value and regulatory requirements
    • Comfortable working collaboratively across multiple specialist teams and business areas
    • Financial planning or insurance qualifications such as CII FPC, APFS, ACII, or equivalent experience would be helpful

    Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

    • The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
    • Generous pension contribution
    • Life assurance
    • Healthcare Plan (permanent employees only)
    • At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
    • Competitive family leave
    • Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
    • There are many discounts we offer – both for our own products and at a range of high street stores and online
    • We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

    Additional Information

    At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

    If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

    We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

    It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. 

    Skills Required

    • Strong experience in UK protection product development
    • Good knowledge of UK protection products, customers, market dynamics and regulatory requirements
    • Experience managing product governance, Product Lifecycle Management and customer outcome considerations
    • Ability to shape product or proposition strategy and follow through into delivery
    • Experience developing business cases and influencing senior or cross-functional stakeholders
    • Strong commercial judgement, balancing customer needs, business value and regulatory requirements
    • Comfortable working collaboratively across multiple specialist teams and business areas
    • Experience specifically within personal protection (ideal)
    • Financial planning or insurance qualifications such as CII FPC, APFS, ACII, or equivalent experience
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    The Company
    HQ: London
    8,417 Employees

    What We Do

    Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society. As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%. As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.

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