Proposition Development Manager

Canada Life Group; Greater London; On-site; GBP 50,000 - GBP 70,000; Full time

Job summary

A leading insurance provider in Greater London is looking for a knowledgeable professional to manage their Group Protection proposition. This role involves overseeing product governance, conducting market research, and leading proposition development efforts. A successful candidate will have expertise in Group Protection and Employee Benefits, strong project management skills, and experience communicating with diverse stakeholders. The company offers a competitive salary and benefits package to support employee development and well-being.

Benefits

Competitive salary

Generous pension

Bonus scheme

Private medical insurance

Flexible working arrangements

Qualifications

• Specialist experience in Group Protection, Healthcare or Employee Benefits markets.
• Able to develop new market and product strategies.
• Detailed understanding of product development and governance.

Responsibilities

• Manage day-to-day operations of the Group Protection proposition.
• Oversee product reviews and necessary actions.
• Lead proposition development projects and stakeholder engagement.

Skills

Group Protection expertise

Market research

Stakeholder communication

Project management

Leadership skills

Education

Degree education or equivalent

Job description

Job Summary

To manage an assigned Group Protection proposition, to include overseeing the maintenance and governance of the current product and proposition, as well as leading on all proposition development as it relates to the assigned product set.

This could include changes to current products, as well as launching new products. The role holder will be a specialist in the Group Protection and Employee Benefits market.

What You’ll Do

• Collaborate with Head of Proposition, Protection SLT and other stakeholders to develop, publish and articulate our strategy and development roadmap for the assigned proposition. This includes conducting market research, analysis and preparing papers and presentations for onward communication.

Proposition Management

• Oversee the day-to-day management of the assigned proposition, to include customer and intermediary troubleshooting, monitoring regular customer outcomes MI and determining appropriate actions to maintain or improve outcomes for customers.
• To complete comprehensive Product Reviews at the appropriate frequency, determining actions necessary and managing those actions to completion.
• Work closely with various internal stakeholders (including IT, Change, 1st and 2nd line Risk & Compliance) as required to identify and implement small proposition change when appropriate to meet commercial goals and improve customer outcomes.
• Collaborate with Sales and Marketing (and third parties where necessary) to deliver marketing campaigns which improve awareness of proposition features and improve outcomes for customers. To include the regular review and approval of product literature.
• Collaborate with other Proposition Managers across CLUK to contribute and agree best practice for Product Lifecycle Management and other Product Governance tasks.

Proposition Development

• Lead on all Proposition Development projects as they relate to the assigned proposition, to include creating and managing working groups, project plans, collaborating with various internal stakeholders and managing all actions to successful completion, including required product governance. This can include major changes to existing propositions, or the development of new propositions

Third Party Supplier Management

• Where necessary, manage and oversee all third parties who provide services to our customers as part of our proposition. This includes day to day troubleshooting and escalations, reviewing regular MI, agreeing incremental change and all contract owner tasks and supplier reviews as appropriate.
• Conduct regular research and monitor the market for new third party services, engaging with new suppliers to understand the scope of their services and how it may benefit our customers.

Market Research

• Collaborate with Data & Insight teams to commission and review the outcome of customer and intermediary research, to include making recommendations for potential change
• Conduct regular competitor and market research to help inform the proposition development roadmap for the assigned proposition, spot opportunities and/or address gaps.

Internal & External Communications

• Be the ‘voice of the proposition’ both internally to communicate small and large change to all stakeholders and wider teams, but also externally to intermediaries, customers and the wider market. This can include presenting proposition changes to small customer groups, and/or facilitating customer feedback sessions and other intermediary and customer activity needed to support the proposition.

Who You Are

• Specialist experience of the Group Protection, Healthcare and/or Employee Benefits markets
• Experience developing new market and/or product strategies
• A detailed understanding of the product development process and associated product governance
• A skilled communicator, able to develop relationships with internal and external stakeholders and present new propositions to gain buy-in and generate excitement
• Experience managing projects, including leading others over whom you have no direct responsibility
• Some leadership skills with a willingness to develop further, would be preferrable
• Technical Group Protection product knowledge would be an advantage
• Experience working with employer customers and/or intermediaries would also be an advantage.

Qualifications

• Degree education or equivalent (Desirable)

Benefits of working at Canada Life

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.

How we work at Canada Life

Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.

We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.

Diversity and inclusion

Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.

“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UK

We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.