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Annuity Product Manager

M&G plc

London

On-site

GBP 70,000 - 90,000

Full time

6 days ago

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Job summary

A leading financial services company is seeking an Annuity Product Manager to join their Individual Products team in London. The successful candidate will develop and manage annuity products while ensuring regulatory compliance and market competitiveness. This role offers a collaborative work environment and opportunities for flexible arrangements.

Qualifications

Experience in annuity market is essential.
Strong analytical and collaborative skills required.
Experience in other product ranges such as income drawdown and individual pensions is advantageous.

Responsibilities

Lead the development and enhancement of annuity products.
Conduct competitive analysis for product innovation.
Ensure compliance with relevant regulations and industry standards.

Skills

Analytical Skills

Product Development

Regulatory Compliance

Customer Focus

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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&G’s 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.

Cross-Functional 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 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: careers@mandg.com

Seniority level

Seniority level
Not Applicable

Employment type

Employment type
Full-time

Job function

Job function
Product Management and Marketing
Industries
Financial Services and Investment Management

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