Product Analyst - Product Simplification (Fixed Term)

Phoenix Group; City of Edinburgh; Hybrid; GBP 42,000 - 50,000; Full time

Job summary

A leading financial services provider is seeking a Product Analyst to support its Product Simplification Programme. You will be involved in developing proposals that simplify products for better customer and shareholder outcomes. Ideal candidates will have a strong understanding of pension products and proven experience in product management. This role offers flexibility in location and a competitive salary with numerous benefits.

Benefits

Up to 8% bonus

Private medical cover

38 days annual leave

Excellent pension

Income protection

Volunteering days

Qualifications

• Good understanding of regulatory landscape including Customer Duty.
• Proven track record in product initiatives.
• Analytical skills to gather and interpret data.

Responsibilities

• Develop and document product simplification proposals.
• Work with Product Manager and stakeholders on requirements.
• Assess value of proposed product simplifications.

Skills

Life, Pension and Workplace Pension products knowledge

Product management experience

Analytical skills

Problem-solving skills

Ability to collaborate with stakeholders

Job description

Job Description

Location and flexible working: Edinburgh, Telford or Wythall (Birmingham). All our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.You can read more about Phoenix Flex here.

Job Type: 12 Month Fixed Term

Closing Date:18th September

Salary and benefits:Up to £50,000 dependent upon experience plus 8% bonus up to 16%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more

Recruiter: Douglas Smith

We have an incredible opportunity as a Product Analyst to join our Product Simplification team as Phoenix starts its journey on a long-term programme of work to simplify our product estate and benefit both customers and shareholders.

Who are we?

We want to be the best place that any of our 6,600 colleagues have ever worked.

We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The role

Phoenix is starting its journey on a long-term programme of work to simplify our product estate and benefit both customers and shareholders.

You will play an important role across the Product Simplification Programme through involvement in the development, documentation and approval of product simplification proposals from inception to implementation and be responsible for understanding the current product landscape, customer needs and business needs to help inform the impact of any policy simplification.

You will be working with a Product Manager and others within one of the workstreams, to analyse and document requirements, ensuring appropriate product knowledge has been sourced to inform product simplification proposals or alternative customer treatment strategies. Along with being involved in the value assessment analysis in relation to the proposed simplifications, from both a customer and shareholder perspective, working closely with the value assessment tool and team.

What We’re Looking For

• Good understanding of Life, Pension and Workplace Pension products and a technical knowledge to liaise effectively with Product, Proposition, Commercial and With Profits SMEs
• Proven track record of involvement in initiatives including across product management or product change and have a good understanding of the regulatory landscape, including relevant laws, regulations, and standards including Customer Duty
• Analytical and problem-solving skills to gather, analyse and interpret data, to draw meaningful conclusions and make informed recommendations
• Ability to think both creatively and strategically along with being able to collaborate across a variety of internal stakeholders throughout the business and across project workstreams

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

We’re reviewing applications as they come in, so apply early to avoid missing out.