Proposition Manager

M&G plc.
London, United Kingdom
04 Oct 2022
18 Oct 2022
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home 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.

What you can expect from us:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
  • Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
  • Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
  • Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
  • Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees:
All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.

Location: Hybrid - London or Edinburgh (working remotely/ work from home and in the office)

The Role: Proposition Manager

Corporate Risk and Investment Solutions (CRIS) is responsible for building and delivering innovative propositions to meet the complex needs of corporate and institutional customers. Corporate Risk and Investment Solutions will have ownership of significant projects including expanding the distribution of PruFund to Europe, innovating new With Profits solutions and for the development of solutions for corporate customers such as the de-risking of pension liabilities.

The Proposition team within CRIS is responsible for developing and delivering these solutions ensuring that they meet the needs of the customer whilst achieving the commercial ambitions of M&G. Proposition Managers within CRIS will take ownership of particular developments and provide leadership and guidance through the innovation, development and execution stage of the development and the onboarding of new customers. They will work closely with colleagues across CRIS and the wider business to overcome obstacles allowing developments to reach market in a timely fashion. Over time as the product portfolio within CRIS grows, Proposition Managers will also play a key role in ensuring that we exercise appropriate product oversight and that the business is achieving commercial targets.

Key Responsibilities for this role:
  • Support the development of the proposition strategy and prioritised roadmap for Corporate Risk and Investment Solutions.
  • Working closely with colleagues across the business to innovate new propositions to meet the needs of customers in the pension and corporate de-risking market.
  • Lead the development and delivery of new propositions building relationships with senior leadership across the organisation including engagement with impacted legal entities.
  • Support deal management and execution for Corporate Risk and Investment Solutions ensuring that appropriate commercial outcomes are delivered whilst remaining within risk appetite and governance.
  • Manage existing propositions and deals to ensure that they continue to deliver appropriate customer outcomes, deliver on commercial objectives and are subject to appropriate ongoing product oversight and governance.
  • Provide regular communications and updates to both internal and external stakeholders of the latest roadmap, changes and updates.
  • Drive continuous improvement through innovation and the seeking out and acting on new opportunities
  • Work closely with the wider business to develop agile pricing processes that are scalable for future deal volumes. Develop and maintain commercial pricing targets and ensure compliance for all new and ongoing deals.

Key Knowledge, Skills & Experience:
  • Well developed actuarial skills with experience of providing technical expertise/leadership as part of the product development process.
  • Experience of developing and managing Insurance propositions/insurance solutions
  • Financial Services & Insurance knowledge
  • Regulatory and legislative requirements
  • Commercial acumen & insight
  • Passion for the customer
  • Effective leadership, problem solving and influencing skills
  • Effective written and presentation skills
  • High degree of honesty, integrity and discretion.

Work Level: Manager or Expert
Recruiter Name: Phoebe Ewers
Closing Date: 5th August 2022

We live by four behaviours at M&G and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things
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