Head of Product Management

Permanent, Edinburgh (hybrid)

Closing date: 23rd September 2023

At Aegon it’s our mission to help the UK achieve a lifetime of financial security.  We’ve led the way in innovation that can make people’s financial assets work smarter as well as harder. From online technology that gives one-stop access to a universe of investment opportunity – to retirement products that make wealth planning simple, easy and fulfilling – we’re dedicated to getting people closer to their financial goals every day.

We help people live their best lives. We help them with the big stuff, for the moments that matter: Pensions, Insurance, Savings, Investments.

As the Head of Product Management within our Finance team you will act as a senior manager ensuring that the financial products offered by Aegon UK across platforms are working as designed or specified.  This is a key role that ensures finance can link the day to day operations of products into the wider finance department to ensure modelling, projections and financial reporting operate appropriately.

This role covers financial calculations on all Platforms offered by Aegon UK ensuring that Finance discharges its responsibility to the wider business in regards to checking the integrity and appropriateness of product calculations and their impact to key outputs such as illustrations & quotations. 

This is a wide ranging position covering the whole Product lifecycle and focussing on policyholder Outcomes together with Aegon UK financials. The individual and team are involved from product development through to product closures and any incidents or issues that arise.

Both Regulatory & Propositional changes need to be reviewed and required changes identified and articulated then subsequently tested.

This role is accountable for the integrity and development of the calculation routines providing a lead to the Department, to Aegon (UK) and to our Partners.

We’d love to hear from you if you have:

  • Detailed knowledge of Insurance and Investment Product Lifecycle including Product Charging structures, policy valuation, illustrations and other key Outputs

  • Detailed understanding of the Project Lifecycle and methods of delivery with major Programme experience highly desired

  • Experience of dealing with technical actuarial issues including policyholder remediation 

  • Life insurance / financial services experience including understanding of relevant FCA Disclosure Regulations 

  • An understanding of Regulatory reporting requirements and actuarial reserving

  • An appreciation of controls and audit regulations

What’s in it for you?

  • A competitive salary from £66,400  – £99,600,

  • A non-contributory pension between 8%-12%

  • A discretionary bonus, depending on personal and company performance

  • 34 days leave per year (including bank holidays, pro-rated for part-time)

We know our staff have busy lives and commitments outside work, so we work flexibly where possible and have a hybrid approach to office working (typically 2 days in the office per week, 3 from home).

We also offer private medical cover, life assurance, critical illness cover, enhanced parental leave and a variety of lifestyle benefits to help our staff live their best lives, including retail discount vouchers, cycle2work scheme, subsidised restaurant and online GP appointments.

We ask everyone to be brave, raise their game, deliver first time, help others, and act in everyone’s best interests. If you recognise yourself in this, we’d love to hear from you.

The legal bits

We’ll need you to confirm you have the right to work in the UK. If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing satisfactory references.