Open Products Lead

Are you ready to chart your own career path? At SJP we need talented individuals like yourself to support our evolving culture. If you’re seeking an employer that is passionate about excellence, innovation and autonomy, SJP could be the place for you.

At a glance:

Location: Cirencester Office

Workplace Type: Hybrid

Employment Type: Permanent

Seniority: Mid-Senior Level

The role:

The role of Group Products (“the Division”) is to develop and lead all aspects of the suite of products and services available to clients of St. James's Place, ensuring they are fairly priced, support business growth and deliver good client outcomes. The main purpose of the role is to provide actuarial expertise to the Divisional Director of Manufactured Products in developing the range of manufactured wrapper products open to new business.

What you'll be doing:

• Ensure that the product design and pricing of SJP products and services open to new business aligns with regulations and legislation, including Consumer Duty.
• Represent the Division on a range of cross-business projects, acting as Subject Matter Expert and monitoring resource to ensure successful implementation.
• In line with corporate objectives and the Division's business plan, contribute to the research, design and development of profitable new products, making recommendations where these will contribute value.
• Provide actuarial support to various team members including the Partnership, third-party administrators and internal teams across business areas including pricing concessions, product functionality, illustrations and other calculations.
• Liaise and maintain relationships with teams across the business and with a range of third party providers.
• Provide figures and analysis to support business decisions.
• Ensure accuracy of illustrations, terms and conditions and product documentation.
• Act as a role model to junior actuaries and actuarial analysts, providing guidance and support.
  
  

Who we're looking for:

A superb communicator who values long term relationships, a collaborative and pragmatic approach to finding solutions, a genuine team work ethic with an analytical and mentorship approach to junior members.

Essential Criteria:

• You must be a Fellow of the Institute and Faculty of Actuaries with significant post-qualification experience in product development, pricing, or a commercial function.
• Experience with Key Features Illustrations, charges and costs disclosure requirements, product governance, and other actuarial calculations is essential to ensure accuracy in reporting and decision-making.
• Excellent Excel and IT skills, including the ability to perform detailed financial modelling, data analysis, and pricing calculations.
• The ability to act as a Subject Matter Expert in cross-business projects, particularly in product pricing, product development, and regulatory implementation.
• Demonstrable experience in leading medium-to large-sized divisional projects.
  
  

Desirable Criteria:

• A solid understanding of the financial advice landscape in the UK market.
• Excellent written and verbal communication skills or demonstrable experience of writing papers, reports and findings
  
  

Special Requirements:

UK travel will be required on an ad-hoc basis.

What's in it for you?

We reward you for the work you do, whether that’s through our discretionary annual bonus scheme that reflects both personal and company performance, competitive annual leave allowance (28 days plus bank holidays, with the option to purchase an additional 5 days), or online rewards platform with a variety of discounts.

We also have benefits to support whatever stage of life you are in, including:

• Competitive parental leave (28 weeks full pay)
• Private medical insurance (optional taxable benefit)
• 10% non-contributory pension (increasing with length of service)
  
  

Reasonable Adjustments We're an equal opportunities employer and want to ensure our recruitment process is accessible and inclusive for all, if you require reasonable adjustment(s) at any stage please let us know by emailing us at [email protected]

Research tells us that applicants (especially those from underrepresented groups) can be put off from applying for a role if they do not meet all the criteria or have been on an extended career-break. If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you tick every box.

What's next?

If you're excited about this role and believe you have the skills and experience we're looking for, we'd love to hear from you! Please submit an application by clicking ‘apply’ below and our team will be in touch.

As a business regulated by the FCA we would advise you to familiarise yourself with the conduct regulations and in particular consumer duty obligations prior to an interview with SJP.