Background:
Volkswagen Financial Services Ireland (VWFSI) has been providing innovative and market leading car finance solutions to people all over Ireland since 2008. With a wide variety of finance, leasing and servicing options, our aim is to support the sales of our Volkswagen Group Brand Partners. With over 120 dealers and over 70,000 customers, Volkswagen Financial Services Ireland has quickly become the largest car finance provider in Ireland.
Overview:
We are seeking an experienced Insurance Product Manager with a strong background in financial services to join our Product team.
The Insurance Product Manager is responsible for the development, management, and optimization of our Insurance Product suite. This role involves collaborating across departments to design service offerings, analysing market trends, ensuring P&L profitability, and enhancing customer satisfaction by creating tailored solutions that align with business goals.
As a Product Manager you will be the No. 1 advocate for our Insurance customers and our Insurance products in our Product Portfolio.
Key Responsibilities:
· Product Strategy: Define, develop, and execute the product strategy for products in line with the company's commercial and growth objectives.
· Market Analysis: Conduct market research and analysis to identify customer needs, market trends, and emerging risks to our commercial success. Develop market leading product propositions, understanding what sets us apart from the market.
· Product Development: Lead the insurance product development lifecycle from ideation to launch, including managing internal and external stakeholders as necessary.
· Cross-functional Collaboration: Be the champion of your product internally and externally, working closely with stakeholders of varying seniority, including Ops, Sales, Marketing, Pricing, IT, Change, and vendors.
· Performance Monitoring: Track and analyse product performance, identifying opportunities for improvement and ensuring products meet business objectives and customer expectations.
· Compliance: Ensure all products comply with relevant regulations and industry standards.
· Cross-Product Innovation: Support cross-product innovation and look for constant cross-product streamlining possibilities.
· Day to Day: Develop and maintain product documentation, FAQs, and other resources to help our business and customers better understand and sell our products.
· Product SME for Projects: Be the product advocate across all project and change activities, ensuring product deliverables meet the needs of our customers and business, escalating appropriately if needed
Key Skills:
· Strong commercial mindset with the ability to balance customer, regulatory and business objectives.
· Excellent communication and stakeholder management skills.
· Strong analytical and problem-solving skills.
· Experience developing business cases and leading these through to management approval.
· Highly organised with the ability to lead multiple priorities in a regulated environment.
· Ability to manage multiple projects and priorities simultaneously.
· Knowledge of regulatory requirements and industry best practices, and comfortable advocating for the customer in the regulatory space.
· Experience presenting to senior executives and managing messages effectively.
· Skilled decision maker, confident to make decisions and escalate appropriately.
Experience and Requirements
· Strong understanding of consumer finance, automotive finance, banking, insurance or other regulated financial services environments.
· Experience working within regulatory frameworks and governance structures.
· Experience developing and successfully launching new products and services into a regulated market.
· Knowledge of insurance intermediary operations and the Insurance Distribution Regulations (IDR) is essential.
· PCF17 approval, or the experience and capability to obtain approval, is essential.
· This role may be designated as a Pre-Approval Controlled Function (PCF) and/or Controlled Function (CF) under the Central Bank of Ireland's Fitness and Probity Regime. The successful candidate must demonstrate the competence, integrity and financial soundness required to perform the role and comply with all Fitness and Probity requirements, including any ongoing due diligence, certification and regulatory obligations.
· This is a Minimum Competency Code (MCC) impacted role. Holding a CIP qualification is a distinct advantage.
· The successful candidate must be willing to undertake and successfully complete required qualifications within agreed timeframes and maintain all continuing professional development (CPD) requirements necessary to remain compliant with MCC obligations.
Personal Attributes
· Highly motivated, with a “don’t stop until it’s done” and deliver-in-spite-of-challenges mindset.
· Results orientated with a high level of initiative.
· Detail-oriented with strong time-management skills.
· Creative thinker with a customer-centric mindset, able to find IT and non-IT solutions to problems.
· Strong leadership, with the ability to bring stakeholders on a journey.
Additional information
Please send your CV to our career mailbox: careersdublin@vwfs.com