Product Manager

Direct Line Group Careers; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the insurance sector is seeking a Product Manager for a hybrid role based in London. The successful candidate will work closely with various teams to deliver business objectives, manage financial aspects, and drive product development. This role offers a competitive salary, excellent benefits, and the opportunity to work in an inclusive environment that values diversity.

Benefits

9% employer contributed pension

50% off home, motor and pet insurance

Up to 10% bonus

25 days annual leave, increasing each year

Employee discounts and cashback

Qualifications

• Experience in insurance sector and understanding of regulatory landscape.
• Ability to synthesize information from various sources.
• Experience managing financial aspects like budgeting and planning.

Responsibilities

• Responsible for delivering business objectives through product management.
• Lead financial aspects including budgeting and commercial trading.
• Identify and drive new product development opportunities.

Skills

Commercial acumen

Problem-solving

Stakeholder management

Agile methodologies

Education

Relevant experience in product management

Job description

Product Manager (Full Time, 6-month and 12-month Fixed Term Contract)

Bristol, Leeds and London – Hybrid

About Us:

DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you’ll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.

Both roles are hybrid opportunities with two London, Bristol or Leeds offices days a week.

What you will be doing:

This role will sit in our Agile model, you’ll have the opportunity to work with a variety of teams and products lines in Direct Line Group. As a valued member of the Tribe, you will be responsible for helping one of our Squads to deliver business objectives through product management, analysis of customer and market insight, and identifying opportunities to improve trading performance.

• You will work alongside the Head of Products to align overall insurance vision and strategy with specific squad missions and support the delivery of squad outcomes for one of DLG’s insurance products.
• Leads on financial aspects such as budgeting, planning, commercial trading and business case production, managing trades-offs between customer and commercial outcomes and strategies.
• Lead trading meetings with matrix managed stakeholders to articulate current trends and potential risks.
• Actively seeks out and brings the ‘voice of the customer’ into all squad activities , including sprint planning, execution and retrospectives.
• Identifies and drives new product and proposition development opportunities in line with consumer demand and overall DLG strategy.
• Develop test & learn initiatives to improve squad and product performance.
• Ensures the squad adapts in line with shifts in consumer behaviour and market forces
• Works with key internal stakeholders to drive alignment with key internal interfaces sitting outside of the tribe structure (Operations / Claims / Customer CoE)
• Leads on engagement with external business partners creating strong relationships and effective dialogue to drive agreed outcomes.
• Builds deep understanding of regulatory landscape and identifies implications on business models, products and processes.

What we are looking for:

We’re looking for a creative problem solver who is inquisitive, possesses strong commercial acumen, results driven and always looking for ways to do things differently to help us continue to provide insurance that suits our customers’ needs and changing market.

If you’re familiar with Agile ways of working, that would be beneficial, but not essential.

• Business and financial acumen gained from relevant experience in a similar role.
• A deep understanding of the insurance sector, including the consumer, competitor and regulatory landscape.
• Ability to gather and synthesise information from a broad range of customer, market and competitor sources to build a rich, robust information base about the wider business context and use this insight to drive idea generation and execution.
• Skilled at developing key relationships with both internal and external stakeholders to maximise support for the business (external stakeholders could include Business Partners, Industry bodies and our Regulators. )
• Experience of managing financial aspects such as budgeting, planning, commercial trading and producing business cases. Able to manage complex trades-offs between customer and commercial outcomes and strategy.

Closing Date – 10th June 2025

Benefits

We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Our core benefits include:

• 9% employer contributed pension
• 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
• Additional optional Health and Dental insurance
• Up to 10% bonus
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
• 25 days annual leave, increasing each year up to a maximum of 28
• Buy as you earn share scheme
• Employee discounts and cashback

Plus many more!

Ways of Working

This role is based out of our London Bridge office. Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you'll be in the office depends on your role, but most colleagues are in 2 days a week, and we'll consider the flexible working options that work best for you.

We want everyone to get the most out of their time at DLG. Which is why we’ve looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They’re about recognising who you are and the life you live.

Be yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers. We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

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