Brand new role as an Operations Product Manager for a leading and well respected Lloyd's syndicate. As Operation Product Manager you will establish yourself as the product expert and go-to person for understanding the various insurance products including but not limited to, applications, warehouses, methodologies, and reporting solutions.
Business Knowledge (must have):
* Lloyd's Market, General Insurance or Broking Experience
* Core concepts of Insurance – Underwriting, Reinsurance, Finance, Compliance, Claims
* Background in Reinsurance or Claims Operations from either BAU or Project based activities
Responsibilities:
* Tackle operational issues, mitigate risks, and seek opportunities for process improvement or automation, while staying updated on technical and regulatory changes affecting both areas.
* Oversee the sequencing of operational and IT updates within these areas, ensuring project outcomes align with goals, and orchestrating both team's engagement in business-wide operational change
* Continually monitor and update business processes, ensuring they are evaluated regularly and adapted to reflect any changes as a result of I.T Initiatives
* Work closely with the Head of Portfolio Strategy to ensure any initiatives in these areas align to the company's strategic objectives and the required prioritisation has been applied
* Help develop the newly created Product Management capability, with a focus on developing core competencies and cultivating a culture of 'continuous improvement
* Undertake a continuous review of the existing products, identifying areas for improvement, and making recommendations to provide better outcomes for both the Claims and Reinsurance teams
* Assist in troubleshooting and investigating operational issues that arise within both teams, helping propose and work through potential solutions
* Proactively identify potential operational risks, ensuring all risks are monitored, actioned and if possible mitigated
* Work with both teams to analyse business processes and workflows identifying areas for improvement or automation
* Familiarise yourself with technical and regulatory changes to understand how they might impact the business landscape
* Provide technical support to the business on behalf of both teams, including acting as a SME on projects, participating in workshops and contributing to project delivery as required
* Build strong working relationships with key stakeholders across the business including but not limited to Operations, I.T, Underwriting, Finance, Pricing and Actuarial
* Perform any required analysis to support and promote the funding of all discretionary initiatives
* Oversee and assist in the monitoring and achievement of any project benefits from both the Claims and Reinsurance teams, confirming their alignment with the initial business case objectives
* Facilitate the prioritisation of all operational and IT changes within the Claims and Reinsurance business areas, by co-ordinating both business teams across large-scale transformation projects, handling small change service requests, and contributing to the ongoing development of data warehouses
* Assist the Head of Portfolio Strategy with any ad-hoc requests when needed