AVP, Bank and Broker Dealer Channel – Product Development

Posted 2 weeks ago

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About the role

  • Lead product development for annuity and life solutions at a fast-growing insurance company. Oversee the entire product lifecycle from concept to launch in the Bank & Broker Dealer channel.

Responsibilities

  • Identify product white‑space opportunities through competitive analysis, distributor feedback, and market research
  • Develop product concepts aligned to Bank/BD shelf requirements, including product type, crediting strategies, rider design, and features
  • Build and present business cases to leadership to support prioritization and approval decisions
  • Partner with Pricing to validate product concepts against profitability targets and competitive benchmarks
  • Own all Bank/BD annuity and life solutions across the full product lifecycle, including ideation, active management, and sunset
  • Partner with the Head of Product Development to ensure roadmap alignment with distribution strategy and organizational priorities
  • Collaborate with Senior Product Development Business Analysts to translate concepts into PPOs and detailed business requirements across pricing, actuarial, operations, and technology
  • Serve as the product expert, approving product specifications and rider documentation in partnership with Business Analysts
  • Monitor post‑launch performance and drive enhancements or corrective actions as needed
  • Partner closely with the IMO Channel Product Development AVP to maintain strategic cohesion across distribution channels
  • Identify opportunities to leverage shared platforms, common builds, and filing efficiencies
  • Align roadmap priorities to avoid duplication and maximize enterprise capacity
  • Review all Bank/BD marketing materials and sales collateral for factual accuracy across product specifications, rates, riders, and disclosures
  • Partner with Marketing to ensure materials clearly articulate competitive differentiation and product value
  • Approve product guides, presentations, and illustrations prior to distribution and resolve discrepancies against filed specifications
  • Represent Product Development across all implementation workstreams, including systems, illustration platforms, regulatory filings, and operational readiness
  • Partner with Operations, Technology, and TPA providers to ensure accurate and timely product builds
  • Lead UAT coordination and provide product sign‑off for system implementations
  • Support training and readiness activities for distribution partners and internal stakeholders ahead of product launches

Requirements

  • 5+ years of experience in annuity and/or life product development with end‑to‑end implementation ownership
  • Strong knowledge of annuity and life products, including design, crediting strategies, rider mechanics, and regulatory requirements
  • Experience serving as a product owner within a structured development or implementation environment
  • Familiarity with illustration platforms, policy administration systems, and/or TPA partnerships
  • Ability to translate product concepts into detailed, actionable business requirements
  • Strong communication and influencing skills across Pricing, Operations, Compliance, Distribution, and Technology
  • Direct experience or significant exposure to the Bank/BD distribution channel
  • Bachelor’s degree required; advanced degree or MBA a plus

Benefits

  • comprehensive medical, dental, and vision coverage
  • HSA and 401(k) company match
  • paid time off
  • employer-paid life and disability insurance
  • variable compensation package

Job type

Full Time

Experience level

Lead

Salary

$170,000 - $200,000 per year

Degree requirement

Bachelor's Degree

Location requirements

RemoteWorldwide

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