Product Governance Specialist

5 months ago


Eastbourne, United Kingdom The Benefact Group Full time

**Working hours**:35 hours per week, Monday to Friday

**Duration**:Permanent

**Location**:Relocating to Brighton later this year (Currently still based in Eastbourne)

**Job ref**:201294

**About the role***:
**Ansvar Insurance**, who are proudly part of the Benefact Group, are looking for a **Product Governance Specialist **to join us. We are relocating to Brighton (from Eastbourne) later this year - this position includes hybrid working.

This is a new position with a primary responsibility for supporting the business in ensuring products and schemes propositions deliver against our target market customer needs, commercial objectives and regulatory responsibilities.

You will also be involved in analysing portfolio information, working with portfolio analysts to compile reports and provide advice to management teams around product/scheme governance and performance.

This is a fantastic opportunity to join a rapidly growing and forward thinking business, giving you a real opportunity to develop your career and be part of a purpose led organisation.

**Key responsibilities**
***:

- Keep up to date with customer sectors, market and competitor changes and appropriate legal and regulatory legislation, ensuring that our products and propositions are reviewed and benchmarked as required. E.g. support competitor wording comparisons as necessary.
- Working with Ansvar Risk & Compliance Consultant, keep abreast of emerging trends, risks opportunities and threats and make recommendations for development/improvement including but not limited to product, risk, claims and distribution.
- Lead and conduct the product review process and continue to develop and update the product oversight and governance processes and policy.
- Ensure our products meet regulatory requirements, continually reviewing and identifying opportunities for future improvements to help deliver excellent customer outcomes and ensure they deliver fair value.
- Work with internal stakeholders, brokers and external suppliers to support development and maintenance of products and propositions.
- Help ensure products deliver a great customer experience, working with the Underwriting and Claims Teams as well as our third-party insurers, brokers and providers to identify and make improvements as necessary.
- Liaise with external third parties involved in the delivery of products or propositions. Provide underwriting support, across the business.

**Knowledge, skills and experience**
***:

- Good general insurance experience
- Knowledge of commercial insurance products and/or schemes gained through relevant role
- Experience of underwriting commercial and/or scheme insurance
- Knowledge of the insurance regulatory requirements, specifically in relation to Product Oversight & Governance and Consumer Duty
- Ability to identify and interpret customer needs and outcomes
- Ability to maintain resilience when under pressure
- Ability to generate new ideas
- Strong collaboration skills across different business areas and excellent stakeholder management
- Proven track record of influencing of stakeholders
- Excellent analytical and diagnostic skills
- Good IT skills particularly Excel

**What we offer**
***:

- A competitive salary - let's discuss it
- Flexible working
- Competitive Group Personal Pension - up to 12% employer contribution
- Annual Bonus scheme up to 24%
- 25** **days annual leave plus bank holidays
- A holiday buy and sell scheme
- An array of health and wellbeing benefits, including private healthcare, income protection and life assurance


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