Annuity Product Manager
Annuity Product Manager
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Job Description
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.
Annuity Product Manager
The Propositions team is made up of subject matter experts with extensive knowledge of M&Gs insured propositions and a deep understanding of the legislative regulatory and tax framework within which the products are operated. The Individual Products team has primary responsibility for ensuring that our propositions are sold to their target market and provide our advisers and their customers with market leading propositions.
We are seeking a highly motivated and experienced Annuity Product Manager to join our Individual Products team. The Annuity Product Manager will be responsible for the development management and enhancement of our annuity products. This role requires a deep understanding of the annuity market strong analytical skills and the ability to work collaboratively across the M&G business. Experience in other product ranges such as income drawdown and individual pensions an advantage.
Key Responsibilities:
Product Development and Management:
- Lead the development and enhancement of annuity products ensuring they meet market needs and regulatory requirements.
- Conduct competitive analysis to identify trends and opportunities for product innovation.
- Develop product specifications contribute to pricing strategies and positioning to ensure competitiveness and profitability.
CrossFunctional Collaboration:
- Work closely with distribution marketing actuarial legal and compliance teams to ensure successful product launches and ongoing management.
- Provide training and support to sales teams to enhance their understanding and promotion of annuity products.
Regulatory Compliance:
- Ensure all annuity products comply with relevant regulations and industry standards.
- Stay updated on regulatory changes and assess their impact on existing and new products.
Performance Monitoring and Reporting:
- Monitor product performance including sales profitability and customer satisfaction.
- Prepare regular reports and presentations for senior management highlighting key metrics and insights.
Customer Focus:
- Gather and analyze customer feedback to continuously improve product offerings.
- Develop and implement strategies to enhance customer experience and retention.
- Develop and manage products in line with Consumer Duty expectations.
Work Level: Manager Expert
Recruiter Name: Phoebe Ewers
We have a diverse workforce and an inclusive culture at M&G plc underpinned by our policies and our employeeled 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.
Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional needpleaselet usknow by contacting us at:
Required Experience:
IC
Employment Type
Full-Time
