Product Commercials Lead - Long Term Savings

Job Title: Product Commercials Lead – Long Term Savings

Contract Type: Permanent

Location: Edinburgh or Alderley Edge

Working Style: Hybrid 50% home/office based

Join Us as a Product Commercials Lead – Long-Term Savings

We’re looking for a dynamic and commercially-minded leader to join our Product Commercials Team at Royal London, focusing on our Long-Term Savings portfolio (Workplace, Individual, ISA). This is a high-impact role within a small, agile team, offering significant exposure across the business and a chance to shape the future of our product commercials.

What You’ll Be Doing

As Product Commercials Lead, you’ll play a pivotal role in:

• Driving Pricing, Forecasting & Reporting: Lead the commercial oversight of our long-term savings products, ensuring pricing strategies, forecasts and reporting align with business goals and deliver value.
• Transforming How We Work: Streamline processes, introduce dynamic pricing approaches, and bring internal and external insight to the forefront of decision-making within the product commercials team.
• Leading Strategic Programmes: Take ownership of the commercials for major initiatives including M&A, migration, and re-platforming, ensuring commercial rigour and strategic alignment.
• Building Influence Across the Business: Establish a strong network and presence with senior leaders across distribution, product development, delivery, finance, and brand.
• Coaching Future Leaders: Mentor and develop a small team of technicians and actuaries, helping them grow into future leaders in their field.

You’ll Also Be Responsible For

• Monthly and quarterly reporting for Finance, Trading Committee, PPAC, and external disclosures.
• Supporting assumption changes and new business impact analysis for TRC papers.
• Ensuring commercial metrics (OKRs) are understood and embedded across change teams.
• Analysing distributor profitability and informing sales targeting and commission strategies.
• Enhancing pricing capability and defining pricing philosophy and principles.
• Supporting capacity modelling and its integration into business planning.
• Leading financial investigations and scenario modelling using expert judgement.
• Ensuring alignment between business and finance in the Business Plan process.
• Understanding and addressing cost segmentation and its impact on reported commercials.

About You

• A recognised pricing and commercial expert with deep knowledge of life products and market dynamics.
• Strong planning, investigative and organisational skills.
• Comfortable influencing at senior levels and presenting complex insights clearly.
• A qualified actuary with relevant post-qualification experience.
• Knowledge of regulatory and legislative drivers.

If you think you would be a great fit for our team at Royal London but don’t meet all the requirements of the role, please get in touch as your application will still be considered.

About Royal London

We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.   

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve. 

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits  

Inclusion, diversity and belonging 

We’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.