Product and Pricing Manager

Details

Reference number

489572

Salary

£49,000 - £52,700

£50,600-£52,700 London; c£49,000-£51,000 Durham, Preston, Glasgow

A Civil Service Pension with an employer contribution of 28.97%

GBP

Job grade

Senior Executive Officer

NS&I Band 4

Contract type

Fixed term

Length of employment

13 months. Ideally, we would like the successful candidate to start on Monday 18 January 2027

Business area

NS&I - Retail

Type of role

Analytical

Other

Working pattern

Full-time

Number of jobs available

1

Contents

• Location
• About the job
• Benefits
• Things you need to know
• Apply and further information

Location

Can be based at any one of our four offices in the UK. These are London (SE1 9HA), Durham (DH1 1SL), Preston (PR4 1TE) or Glasgow (G2 8JX)

About the job

Job summary

NS&I is one of the largest savings organisations in the UK with more than 24 million customers and over £240 billion invested. We are both a government department and an Executive Agency of the Chancellor of the Exchequer. Our origins can be traced back more than 150 years to 1861.

A small company with a big reach, we offer a range of benefits including flexible working, a 9-day fortnight scheme, a performance-related variable pay bonus, a generous pension scheme and great opportunities for development. We care for colleagues, respect one another, invest in our people and manage talent effectively.

We are currently working in a hybrid way with colleagues expected to work at their chosen office location for 40% of their working month.

Job description

Purpose of Role

13-month fixed-term contract to support Product Team resourcing through business transformation. Responsibilities, as designated by the Senior Product Manager. Ownership of individual products from the NS&I retail product portfolio strategically and tactically, making reasoned recommendations in terms of pricing, product features, customer proposition and enhancements to help NS&I maintain a balanced portfolio that meets the targets agreed with HM Treasury (HMT) and evolving consumer needs.

Key Responsibilities

Pricing

• Ownership and management of the allocated product portfolio to achieve the agreed annual Net Financing (NF) target.
• Analyse data and insights to put forward pricing recommendations to the appropriate audience (to include Senior Product Manager, Head of Product, Retail and Pricing Committee), ensuring that pricing recommendations balance our pricing principles and achieve targets.
• Prepare NS&I Pricing Submissions (with appropriate support) to be escalated to HMT and the Economic Secretary of the Treasury (EST) for approval.
• Analysing sales/retention/market figures and trends to maintain a deep understanding of external markets regarding pricing of equivalent products and full appreciation of sensitivities regarding how NS&I sales, retention and levels are impacted by price.

Product Management

• Reviewing and understanding the wider competitor/economic market and NS&I’s position.
• Ownership / development and management of allocated product portfolio to ensure sustainable NF for the future, including input into the product strategy review and planning process.
• Understanding of the complete product lifecycle and making recommendations for enhancements where necessary to meet with customer, business and legislative requirements using research and consumer insights.
• Recommendations of enhancements ensuring alignment with NS&I strategy and Service Delivery Measure (SDM) targets to meet customer needs.
• Product Owner/Business Manager of key projects (i.e. product enhancements and new product development): Own business decisions and outcomes for assigned projects and initiatives; influencing decisions on project delivery by representing projects and the team at relevant committees and decision-making forums; leading on and liaising with key stakeholders; being responsible for making key business decisions, business case sign off and other key project gateways; being accountable for approval gateways (product enhancement process).
• Managing the flow of requirements from the product backlog into planning
• Working with key stakeholders/team members to break down areas into workable elements and put together in ways that support development and business users.
• Helping specify story acceptance criteria, includi…