Assistant Product Manager

£32,800 - £35,400 yearly
  • NHBC
  • Milton Keynes, UK
  • 19 Nov, 2020
Full time Construction Insurance

Job Description

NHBC have an amazing opportunity for an Assistant Product Manager to join their Underwriting team based in Milton Keynes. The role of the Assistant Product Manager will support the Buildmark Product Manager in the effective execution of NHBC’s insurance product strategy. Including policy wording review, new product development and insurance pricing.


About the role

Serve as the internal and external ‘go to person’ for the product offerings managed, including the management and delivery of training to appropriate colleagues to ensure product propositions are fulfilled to a consistently high level.

Coordinate the annual policy reviews and change processes.

Support the preparation and delivery of insurance pricing changes.

Monitor, provide analysis and insight, make recommendations and regularly report on product performance and issues.

Proactively manage product life cycle ensuring that this is undertaken in line with NHBC guidelines and compliance with external regulations.

Manage key stakeholders across the business at all levels including the preparation and delivery of presentations.

Manage product performance and support regulatory reviews against agreed KPIs.

Specifying market requirements for current and future products by supporting market research and on-going insight gathering and analysis.

Analyse potential partner relationships for new and existing products.

Ensure insurance products are compliant with internal requirements and external regulators.

About you

Product management principles, including life-cycle management.

Understanding insurance pricing principles and ability to make recommendations

Familiarity with insurance policy wordings.

Familiarity with insurance regulation and principles.

Excellent organisational and planning skills. 

Clear writing and presentation style

Good interpersonal skills

Good analytical skills

Stakeholder management

Familiarity with insurance pricing and policy construction.

Ability to write training courses and other materials.


Focus on delivery


Salary & Benefits

£32,800.00 - £35,400.00 per annum (depending on experience)
Up to 6% performance related bonus.
25 days pa annual leave with option to purchase one additional week per year.
Pension scheme to Pension Mark Plus standards (up to 10.5% of salary employer contribution).
Equalised Paternity, Maternity and Adoption Leave.
Life assurance of 4 x salary.
Subsidised private medical insurance.
Cycle purchase scheme.
High street discounts and preferential gym rates.
Employee assistance programme.


Apart from working with great colleagues who are passionate about what they do, we pride ourselves on developing individuals to achieve their full potential and offer exceptional personal development and career progression opportunities. We also support, sponsor and pay for training and membership to relevant professional organisations. All necessary equipment and other allowances associated with working from home will be provided.

Always happy to talk flexible working
We encourage employees to work flexibly in different ways including home working, field working and both formal and informal flexible working arrangements. We don’t promise we can offer you what you want, but we are always happy to talk flexible working. In the interview process we’ll discuss this more with you.

Diversity and Inclusion
NHBC is committed to equal opportunities for all. We are a signatory to the Armed Forces Covenant and the Women in Finance Charter. Our inclusive culture helps us to maintain competitive advantage as we aim to attract people from diverse backgrounds to complement our team. Underlying our overall commitment to equality is the fundamental belief in the right of all employees and customers to be treated with dignity and respect and to be guaranteed freedom from discrimination.

Our Values
Excellent – Proud and professional in all that we do.

Connected - Collaborating, sharing and achieving success as a team.

Human - Challenging, supporting and respecting each other.

Progressive - Inspired by possibilities, learning and adapting together.


Closing Date: Thursday 3rd December 2020