• Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • M&G Prudential
  • 2019-04-23

Product Manager - Product Development and Management

  • Full time
  • London, England, United Kingdom
  • 23 Apr 19

Product Manager - Product Development and Management

M&G Real Estate is the property investment arm of M&GPrudential. We are one of the world's largest property investors with £33.13bn* of assets under management across all the major sectors in the UK, Europe, Asia and North America. Drawing on 150 years of investment experience, we actively manage our properties to maximise returns and generate a strong income stream for institutional investors.

Working with M&G Real Estate as a Product Manager in the Product team means becoming part of the M&GPrudential brand with a global reputation and an exciting vision: to become the best loved and most successful savings & investments business.

If you're inspired to join us, and have the necessary qualities, then this could be the opportunity you've been looking for.

The Role:

Opportunity for a Product Manager to join the M&G Real Estate Product team and be responsible for the ongoing management and maintenance of the existing range of M&G Real Estate institutional funds and the associated processes and governance model. You will also provide broad-based support to the development and implementation of new product initiatives.

Key responsibilities

* Work with the Product team, the M&G Real Estate business and wider M&G group on the following:
- Product management: ongoing, proactive management of existing product set to ensure it remains fully fit for purpose in terms of customers' expectations, pricing, profitability and the prevailing regulatory landscape. Management of the annual fund review, prospectus updates and value for money assessment for institutional funds. Work with the wider business, stakeholders and external advisers.
- Product development: support development and corporate structuring of new product initiatives from concept, through feasibility to delivery and implementation, ensuring they are aligned with the business vision and related strategy of the M&G Real Estate business. Work with the wider business, stakeholders and external advisers.
* Be the product expert and champion of M&G RE's institutional range of products, for internal and external stakeholders.
* Drive and support required changes to the fund terms or features.
* Support the distribution into new international markets and ensure product set is fit for target markets. This may extend to the negotiation of placement agent agreements, viability assessment and internal approvals where appropriate.
* Assist with the development / delivery of the Capital Solutions (segregated account) business.
* Develop knowledge on real estate market, investor trends, product terms/features, distribution, key industry players, developing regulatory landscape, and assess their impact. Liaise with sources of market data across M&G e.g. Investments, Business Development, Property Research, Operations etc. and in the wider market. Synthesise feedback and data to drive product innovation and foster a culture of innovative thinking for the business.
* Assist in maintaining and developing the Product Development & Management processes, and ensure initiatives follow these processes.
* Key member of the Real Estate Product Oversight Forum and other internal committees / fund liquidity meetings.
* Represent M&G RE on group-wide projects that impact M&G RE's institutional product range.
* Understand and demonstrate positive behaviours in line with the M&G Company Framework and expectations.
* Understand the Company's Sustainability vision and apply the Sustainability Strategy as appropriate for your role.
* Understand the Health and Safety responsibilities appropriate for your role and ensure that they are undertaken in accordance with the relevant Company policies, procedures and guidelines. This includes responsibilities relating to your own H&S and others affected by your actions. Any concerns relating to H&S risks must be escalated to your line Manager and the Company's H&S Manager.
* Fulfil regulatory requirements, including timely completion of all regulatory training and declarations.

What we are looking for

You will be self-motivated, able to work under your own initiative.

Have a strong understanding of various on-shore and off-shore institutional fund structures.

Strong knowledge of the product lifecycle for the development and launch of funds.

Extensive experience with fund documentation such as prospectuses and other fund legal documentation.

Extensive experience in product management-related and governance processes.

You will have excellent organisation, presentation, written and oral communication skills, strong project management skills including excellent stakeholder management, with proven project delivery experience, good financial acumen, analytical skills and attention to detail.

Real estate experience is preferred but not essential, however you will have an interest in real estate as an investment asset class.

Proven investment management experience within product / business development / client service / finance / operations will be considered.

Must have degree-level academic qualification as well as experience within asset management or financial services.
M&GPrudential is committed to a diverse and inclusive workplace. Our role as an employer is very simple - to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.

We welcome applications from individuals who have taken an extended career break, and we are willing to consider flexible working arrangements for all of our roles.