Director of Product Development responsible for enhancing stakeholder value and product differentiation at Corebridge Financial. Partnering with cross-functional teams to innovate and drive sales within the annuity market.
Responsibilities
Maintain key focus of product development efforts on concepts that enhance stakeholder value
Develop early-stage product concept documentation that will both help to socialize new initiative work and will evolve through the iterative product development process
Partner closely with functional counter parties to navigate both the feasibility and viability phase of the product development lifecycle
Organize and maintain the product concept pipeline and ensure items remain up to date, and concepts are defined enough to be moved forward if prioritized
Maintain clear and searchable records of decisions and rationale’ (supporting documentation) to inform future business decisions
Onboard and drive adoption of innovation management tools and resources and help facilitate the innovation process and any applicable internal and external ideation crowdsourcing and campaign work
Operate with a level of skepticism when intaking and developing new concepts in an effort to “break” the concept and root out issues
Support the downstream product lifecycle from implementation to post launch support as necessary
Requirements
Bachelor’s degree in business, tax, financial services or related studies
Minimum of 10+ years of annuity industry experience
Understanding of annuity functional impacts to new product development work - anticipate issues and contemplate solutions
Working knowledge of annuity industry operational processes
Ability to perform quantitative and qualitative analysis of new product development initiatives
Strong executive presence
Experience in leading without authority and influence change across an organization
Deep understanding of the annuity market, annuity products, annuity sales process, sales drivers, internal business process flows and administrative platforms
Ability to identify business risks and concerns while evaluating product concepts – early engagement with controls functions
Demonstrated creative problem solving
Strong relationship skills
Natural collaborator with the ability to bring various functions together to drive decisions
Ability to think like a business owner
Actuarial background a plus
Benefits
Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
Employee Assistance Program: Confidential counseling services and resources are available to all employees.
Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.
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