Product Owner III

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 16-Apr-2026

Employment Type: Permanent

Employment Type: Full time

Ref #:

Description & Requirements

Role Title: Product Owner III

Division: LII

Location: London

Type: Permanent

About the Role

The Product Owner is the team member always communicating with stakeholders to ensure an aligned understanding of how the squad/team can provide the highest value for the customer through the lens of the organization. This person collaborates with squads/teams, other product owners in other portfolios, technologists, and architects across the organization to develop a deep understanding of the technologies and systems they support.

Key Responsibilities

As a member of the Agile team, the Product Owner represents the voice of the customer and the organization through the delivery of business value. They are the team's product authority, setting priorities and making product related decisions. They have responsibility for managing stakeholder relationships. Working closely with stakeholders (business and technology), including LOB leadership, they define and prioritize features and stories, ensuring alignment with customer needs and organizational goals. They understand customers' problems in detail and ensures the problems are clearly defined, prioritised and the team is focused on the most valuable work. The Product Owner must ensure there is an aligned understanding of how the team can provide the highest value to the customer through the lens of the portfolio. They collaborate with other teams, technologies, and architects across portfolios to develop a deep understanding of the technologies and systems they support.

This role will be responsible for:

• Collaborating with stakeholders across LII to create a product vision that is aligned with strategic priorities of the business and communicating that vision to their team and other stakeholders.
• Collaborating with the Product Manager to contribute to the development of the portfolio roadmap, and programme plans.
• Stakeholder management between underwriters and actuaries in each of the regions/products
• Working with the Technical Lead to ensure that the delivery team has the technical capability to deliver the product, including areas such as testing, user research, etc
• Owning and maintaining the product backlog and being accountable for its contents and prioritisation. Accountable for clear, actionable user stories
• Setting priorities and actively participating in team planning and scrum ceremonies
• Working daily with the agile working group, clarifying business requirements, removing roadblocks, constantly communicating, and supporting alignment around product strategy
• Collaborating with leadership to align development and business goals and priorities while working with stakeholders and squad/team to remove roadblocks to execution
• Resolving open issues/questions quickly and efficiently
• Influencing stakeholder expectations for delivery of new capabilities, features, and functionalities
• Communicating expected value and any changes in value to be delivered in each iteration (sprint, monthly, quarterly, etc.) based on the team-determined capacity.
• Leading customer driven design and usability testing for the squad/team
• Ensuring a well positioned product through market & industry analysis. Monitoring and maintaining the product health, supporting long term product viability and efficiency, and balancing long and short term and costs withdesired outcomes.
• Analysing and reporting on feasibility, cost of delay ramifications, economies, or other aspects of planned or potential changes to the product.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LII's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively always demonstrate compliance with these requirements and behaviours. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience

• Extensive years relevant work experience, ideally in speciality insurance
• Strong interpersonal, verbal, written and presentation skills, communicating with a range of stakeholders
• Ability to translate technical language into an easier way to understand by the business
• Keen problem solver, strong analytical and decision making skills required
• Demonstrable experience of delivering complex initiatives
• Agile practitioner capabilities and experience working with or in Agile teams
• Proven success managing a large set of stakeholders with different needs
• Ability to influence the direction and thinking of senior stakeholders
• Strong teamwork, co ordination, organisation and planning skills