VP, Annuity Product Design
Vice President, Annuity Product Design
Locations: Des Moines, IA * Hartford, CT * New York, NY
Business Area: Individual Markets - Retail Annuity Solutions
A leading provider of retirement and investment solutions is seeking a Vice President, Annuity Product Design to play a pivotal role on its Individual Markets team. This position drives innovation, fuels future sales growth, and shapes an industry‑leading retail annuity product portfolio.
Role Overview
The Vice President will lead the development, pricing, and strategic design of new annuity products across multiple distribution channels. This individual will work collaboratively across actuarial, investment, hedging, finance, and risk teams to ensure product competitiveness, sustainable profitability, and strong execution.
Operating at the intersection of insurance expertise and advanced investment capabilities, the VP will also partner closely with external investment partners to co-create differentiated solutions for the retirement market.
This is a high‑impact leadership role requiring a blend of strategic thinking, technical acumen, and cross‑functional relationship management. The position reports to the Director of Individual Markets and may be based in Hartford, Des Moines, or New York.
Key Responsibilities
- Lead the research, design, and pricing of new annuity products with speed, rigor, and innovation.
- Build and refine pricing models using MG‑ALFA or similar actuarial projection tools to evaluate new product concepts and enhancements.
- Balance competitiveness and profitability to support overall business objectives.
- Implement pricing best practices to improve automation, documentation, and operational efficiency.
- Ensure product structures align with risk and return targets, with appropriate levers for ongoing profitability management.
- Partner with Product Implementation to support regulatory filings, marketing development, prospectus updates, and illustration capabilities.
- Work with Inforce Pricing to establish rates for new offerings and integrate products into ongoing management processes.
- Collaborate across product management, investments, risk, marketing, legal, and operations teams to ensure cohesive product execution.
- Stay current on economic trends, regulatory changes, and competitive dynamics impacting the annuity market.
Ideal Candidate Profile
- Deep knowledge of insurance, investments, actuarial science, finance, and hedging.
- Proven ability to lead complex product initiatives from concept to launch.
- Strong analytical and communication skills, with the ability to influence partners across the organization.
- Creative yet disciplined thinker capable of developing innovative solutions for today's retirement landscape.
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