Career Opportunity
Role Title
Director, Annuity Product Analysis
Purpose of role
This role is accountable for in-depth product analysis, recommendation, and implementation of a comprehensive suite of annuity products for the US market. As a product expert, this role will also provide leadership support to a team of product analysts on projects within scope and continue to support Foresters long-term vision and goal.
This role will ensure product and contract rules are precisely documented, products are accurately built on our support systems, and ensuing processes are operationally-sound for all product-related initiatives including but not limited to new product initiatives, product enhancements, and in-force product support, as well as oversight on the development, implementation, and management of annuity contract and rider forms.
Job Description
Key Responsibilities
- Lead a team of annuity product analysts responsible for the development of detailed plan designs and detailed product specification documents for all new products, product enhancements, and in-force product support
- Build, file, and obtain regulatory approval for new products and enhancements to existing products for the US annuity market
- Oversight for regulatory, taxation, and compliance changes impacting products, IMOs, agents, and members
- Support new operational process/strategies prior to them becoming a project or an enhancement
- Bridge the product, process, and technology aspects of any product initiatives to ensure a seamless end-result
- Subject-matter expert on various non-product initiatives (e.g. new admin, compensation, claims, agent/client portal, back office, and new business systems)
- Lead US annuity competitive research and intelligence
Key Qualifications
- Education (minimum required): Bachelor of Business Administration, International Business, Economics, Accounting, or Mathematics
- Experience (minimum required): 10+ years in progressive product development or management roles within the annuity industry
- Understanding of fixed and fixed-indexed annuity products
- Understanding of annuity distribution characteristics and the sales process for annuities
- Strong aptitude for data analysis
- Exceptional problem-solving skills
- Demonstrated ability to work collaboratively and constructively with a variety of business and IT stakeholders to influence and effect desired outcomes
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Salary Range:
The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.
Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.
Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.
Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email accommodations@foresters.com in advance of your appointment.
Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.