Job Summary
The role holder will build a strong knowledge of the retirement income market within the UK, including competitor intelligence and an understanding of the regulatory environment. They will conduct research and provide insight into market trends to identify new business opportunities across Individual Annuities, such as Fixed term and Purchased Life Annuities. Ultimately, this role will support the Annuity Propositions Team to ensure profitable growth in targeted market segments within business risk appetite while identifying and delivering process improvement opportunities. The person must have a basic understanding of annuities; knowledge of the Individual Annuities market is an advantage.
What will you be doing
- Contribute to the management of annuity product and propositions to enable the business to meet its corporate objectives for sales and margins while driving good customer outcomes within the business risk appetite.
- Support the Annuities Proposition Manager and Annuity Sales Director to explore and evaluate new opportunities and build strong business cases for recommended new product or proposition developments.
- Ensure the products comply with relevant legislation, meet the needs of the target customer segment and deliver good customer outcomes.
- Contribute to the governance of the annuity proposition, demonstrating effective risk management through ongoing monitoring of products in regular product management meetings and reviews.
- Contribute to product or proposition developments as required to meet business objectives or comply with changes to legislation.
- Assist the Annuities Proposition Manager to drive propositional improvements across the business that impact service delivery to the end customer and chosen distribution channels.
- Contribute to regulatory and legislative consultation responses as agreed with the Annuities Proposition Manager on any issue that might impact the annuity proposition.
- Identify improvements in business process to ensure a positive customer outcome with products and services that meet their needs.
What Experience will you have for the position
- Good communication skills at all levels - both verbal and written.
- A knowledge of retirement income products and legislation (knowledge of Individual annuities would be an advantage).
- Strong team ethic to support colleagues when required.
- Ability to work to tight deadlines while maintaining quality of output.
- Creative thinker able to follow a process but also consider alternatives.
- Enthusiasm and willingness to develop and learn.
- Experience within financial services, ideally within retirement (though not essential as the most important qualification is the ability to pick things up quickly).
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that is regularly reviewed. As a colleague, you'll receive a competitive salary and a comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance. We also offer a range of training, flexible working and opportunities to grow and develop.