For an assigned product portfolio, this position is accountable for managing the development of products from ideation through implementation, along with maintaining a competitive product portfolio that supports the execution of the strategic plan for the assigned business segment.
This position will report to the VP, Retirement Product Officer and may have supervisory responsibilities.
Duties and Responsibilities
Collaborate with the Retirement Management Committee and Business Segment liaisons to identify innovative product concepts to be considered for the product pipeline.
Ensure robust due diligence process is utilized to conduct in-depth analysis along with appropriate concept testing.
Effectively communicate value proposition of product concepts prior to moving through the product development process.
Maintain strong working relationships with internal business partners to collaboratively manage workflow between functional areas in order to more effectively achieve strategic objectives
Develop close working relationships with key external distribution partners and an understanding of their business models, product needs and partnership opportunities.
Facilitate governance processes in place to:
Recommend product strategy and relevant concepts in support of the strategic plan for the business segment
Work closely with cross-functional stakeholders to ensure objectives for each product development stage are met and are aligned with both product and enterprise goals. This is inclusive of deliverables from pricing, sales and distribution, marketing, underwriting, illustration development, legal & compliance, operations, IT, and other impacted business capabilities needed to design and implement product
Oversee product development from ideation through market launch. Successfully partner with implementation throughout the life cycle of the product, or table development activity if deemed appropriate by segment leadership. Ensure communications around development timelines, hurdles, or milestones are effectively distributed among project stakeholders, senior leaders and any external partners.
In coordination with subject matter experts, develop business cases, product concepts, strategic roadmaps, and go-to-market strategies that are comprehensive, and precise in order to facilitate informed decision-making and lead to successful product launch
In partnership with Segment leadership, monitor health of product portfolio and success of product launch activity
Collaborate with Retail Portfolio Management team to advocate for business segment priorities, advise on current and upcoming development efforts
Address and respond to regulatory issues by establishing task force team to design project plan and execute any necessary product or operational changes to adhere to regulatory requirements
Maintain active participation in industry committees and study groups to be aware of market forces and trends that will influence the company's product strategy and portfolio
Experience and Education Requirements
Bachelor's degree or commensurate experience required
10+ years progressively more responsible experience in the financial services industry with a concentration on annuity products
Strong understanding of product functionalities and various distribution models for life insurance and annuities required
Experience with developing Business Case/Cost-Benefit Analysis and Go-To Market Plans is required
Strong understanding of the various business functions within a life insurance and annuity manufacturer required
Working knowledge of the annuity marketplace required
Knowledge, Skills & Abilities
Demonstrated leadership abilities, including requisite communications skills (verbal, written, and presentation)
Strong interpersonal skills - the ability to collaborate with a wide range of teams and individuals to achieve a common goal
Demonstrated understanding of various life insurance and/or annuity markets, distribution partners, products and product categories, and insurance operations along with the ability to address the various stakeholder needs within a compelling Business Case
Inclined to seek and analyze data/information from a variety of sources to arrive at the best decisions and to align others with the organization's overall strategy
Ability to demonstrate creative problem-solving skills and strong business acumen
Ability to lead and excel in a fast-paced production environment while addressing multiple projects and responsibilities
Unconditional integrity and commitment to delivering accurate information on schedule
Appropriate priority setting, resource assessment, and delivery management
Other Requirements
Perform other functions, duties and projects as assigned
Regular and punctual attendance
Ability to travel up to 10%
#IND-HP
#LI-MK1
#LI-Remote
Additional Information
Work Environments
F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.
F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.
Join our employee-centric hybrid work environment: F&G Careers
About F&G
Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life's unexpected events.
As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.
1Top Workplaces USA 2022 - 2023
2Des Moines Register Top Workplaces 2018 - 2022
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