Digital Product Development Manager - Aventum
Aventum is seeking a passionate Product Development Manager to develop innovative products as we seek to expand our portfolio to serve customers with more digital products and in more countries.
As Product Development Manager you will be responsible for working with divisional business teams and external partners to design products for digital deployment and support Aventum’s underwriting leaders in the management of our existing product suite
This key role will be highly visible to Aventum’s Leadership. You will need to work collaboratively with both internal and external teams. You will be executing a multi-country, multi-product roadmap, while diving deep to understand customer needs, market practices, and product financials to structure and negotiate partnerships that drive value to customers, partners, and Aventum.
We are seeking an experienced Product Development Manager who is passionate about digital solutions for customers to join our team. The ideal candidate enjoys solving complex problems and works effectively with cross-functional internal and external teams.
Ownership of the implementation of the product development roadmap. You will be responsible for updating the existing products so they are digital native and steer the process of product development for new product lines, working with the Aventum businesses.
Manage the product development process across underwriting, pricing & actuarial, legal and compliance, operations, marketing & sales.
To manage the full product lifecycle, including regular product reviews and enhancements in order to maintain product market position, generate top line sales growth and maximize profitability.
Be responsible for product lifecycle management and continuously improve our existing products to align with customer expectation. Ensure product development is consistent across the group and policy wordings are up to date and key benefits support the wordings.
Develop and deliver new easy to understand insurance products that are suitable for digitalisation and fit our target market and produce optimal customer outcomes.
Monitor market developments and evaluate upcoming customer trends and perform competitor benchmarking to ensure adequate position of products to understand the target market sectors, applications and competitors, and track market trends to ensure continued competitiveness of the product range.
Present new products to the market and internally to Aventum divisions as required
Provide the route to feedback current and future customer and application requirements (voice of the customer) to the relevant teams within the company.
Provide underwriter training on new products and manage product launches with the support from the Marketing team.
Education & Qualifications
ACII qualification desirable or working towards
Degree level or other equivalent qualification preferred
Proven experience of working with/ within underwriting teams to design, develop and implement products
Experience of presenting new products and deliver supporting materials for external use
Good understanding of wordings and clauses and a good understanding of legal and regulatory framework
Previous experience of working at a senior level within a commercial insurance environment
Excellent relationship management skills and experience of building successful long term relationships both internal and external
Excellent written and verbal communication skills. Pragmatic decision maker with good analytical and numerical reasoning skills
Experience within a matrix management environment
Headquartered in London, but with offices internationally, Aventum (formerly Direct Insurance Group) is a niche Reinsurance, Underwriting and Wholesale business with key markets in Asia, Ireland, Eastern Europe, Latin America, the Caribbean, United States and the UK. Founded in 1996 as a regional UK-focused retail broker, the Group now operates globally with a team of around 200 skilled professionals. Group premiums are now in excess of $600 million. The Company continues to grow year on year. Within the group, insurance solutions are provided under a number of distinct brands.
Our teams are diverse in nature, reflecting the markets where we do business. Teams are empowered and enabled to make decisions, meaning that the Company remains an agile player in its markets. We are one family of employees that listens and values ideas and innovation. As the business continues to grow, the Company offers outstanding scope to develop and build a rewarding, successful career.
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