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Viability Lead

READY FOR ANYTHING

 

At IAG, we live and work by our purpose to make your world a safer place. We are motivated by a unique culture that celebrates honesty, creativity, empathy, equity and collaboration. We call it the IAG way, and it means we all share a ‘ready for anything’ mindset that sets the tone for positive actions and positive outcomes. We put heart into everything we do which guides us to create amazing things for our customers, our people and our communities. 

 

We’re brimming with ideas, ambition and a readiness to apply bold thinking and risk awareness to make a difference where it matters most.

 

As the largest general insurance group in Australia and New Zealand, we own some of the region’s most trusted brands, including NRMA Insurance, CGU, SGIO, SGIC and WFI. We are ready for anything.

 

This is a wonderful opportunity for someone who has strong commercial acumen and is passionate about the financial viability of  potential new products and opportunities within and beyond insurance. You will join a team of creative & enthusiastic individuals who are passionate about growing and shaping the future of the IAG digital ventures. 

This role has three core activities:

 

  1. Defining and assessing markets, trends, business models, and execution pathways to assure the viability of new products, services and businesses
  2. Driving collaboration with Desirability and Feasibility stakeholders to ensure holistic and valuable new business opportunities are identified in line with IAG’s purpose and business requirements
  3. Leading, coaching and mentoring other digital ventures Viability Architects to perform high quality research, produce insightful outputs, and collaborate with Desirability and Feasibility digital venture team members

 

Key Responsibilities  

 

  • Ensure all new digital venture proposals are aligned to IAG’s purpose
  • Evangelise the vision and collaboration for Viability across the Firemark Labs digital businesses portfolio
  • Coach and mentor other Viability Architects on new digital business viability ways of working, frameworks, analysis and practices
  • Identify attractive opportunity spaces and imminent disruptions based on market trends, start-up deal flows and expert input
  • Lead market sizing for potential opportunity spaces and solutions
  • Conduct robust market and competitor scans for propositions; identify market headwinds and tailwinds, and detail implications for venture strategy
  • Proactively identify potential impediments to commercialisation and scaling
  • Assess the potential for partners and vendors to contribute to the delivery of new business models
  • Conduct robust pricing research and willingness to pay testing in collaboration with Desirability stream
  • Assess execution pathways and potential acquisition, investment and partnership targets; contribute to the development of the buy/build/partner recommendation for the appropriate governance bodies

 

Skills & Experience  

 

  • Resilient and solution oriented, including being comfortable with the ups and downs of innovative work
  • Proven leadership experience in an agile product environment 
  • Experience collaborating and managing across a broad range of stakeholders, internal and external experts and business units
  • Extensive experience incorporating and linking the viability (business value) and desirability (customer want) to the venture feasibility (technology, data, risk and regulatory)
  • Experience identifying, framing and respectfully/constructively challenging customer, business and technology problems
  • Experience sizing new opportunities and leading the development of new business cases
  • Ability to draw insights and financial implications based on customer engagement data to inform business and product innovation
  • Be able to draw insights and financial implications based on customer engagement data to inform business and product innovation
  • Skilled at finding and interpreting consumer research and financial data
  • Strong quantitative modelling skills including developing business cases, financial / business performance forecasting & analysis, pricing models, and market sizing
  • High level understanding of macro-economic, digital marketing metrics and cost-to-serve metrics
  • Minimum of 5 years of experience business or financial analysis roles
  • Involvement in external networks, such as the start-up scene to identify and recruit talent to the innovation program 
  • Experience supporting the financial elements of brining innovative new products and services to market

 

Ready for anything? Let’s talk.

 

Start your career journey with us and click ‘Apply’! 

 

IAG rewards and recognises its people with generous benefits, career development opportunities and real work-life balance. Employees also enjoy 13% superannuation, up to 50% insurance discounts, flexible work and leave options, generous parental leave and return to work programs, various corporate partner discounts and a people-focused culture that celebrates achievements big and small.

 

Creating a workforce that actively embraces diversity, inclusion and a sense of belonging is key to our success. We believe in treating everyone fairly which means that inclusion, removing barriers, striving for equity and embracing diversity are woven through our values and behaviours. We encourage applications from all backgrounds and communities and are committed to providing a work environment that enables you to thrive, whatever your circumstances. If we can provide support with access requirements, alternative work arrangements please advise us via your application.

 

IAG has committed to the reconciliation movement in Australia for First Nations people and focus on providing a safe and supportive work environment for all our employees. More information on our Reconciliation Action Plan can be found on our company website. #LI-AC1