AVP, Product Development for Registered Indexed Linked Annuities

Alternate Locations: Hartford, CT (Connecticut); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Radnor, PA (Pennsylvania)

 

 Work Arrangement:

Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.

 

Relocation assistance:  is not available for this opportunity.

 

Requisition #: 72590

 

The Role at a Glance

As the AVP, Product Development for Registered Indexed Linked Annuities, you are responsible for driving product discovery, design and development for the registered indexed linked annuity (RILA) business by partnering across various areas of the company as well as externally.
   
This position will: 
•    leverage relationships with third parties and internally to drive product discovery and design in respect to new strategies for the product line or new markets 
•    take the lead in working closely with various teams including pricing, distribution, marketing, legal/state filing, and implementation to design & deliver solutions to market 
•    play a key role in setting crediting rates each month for the RILA products
•    be responsible for inforce management from a product perspective (non-actuarial) 
•    assist in developing the short- and long-term product strategy and as such requires situational awareness of the market

 

Do you have a proven record of developing product solutions focused on RILAs or similar solutions as well as a strong understanding of the annuity market and adjacent markets?  This position could be for you ! 

 

This role requires strategic thinking, strong relationships, and ability to execute effectively.  This is not a project manager role. 

What you'll be doing

•    Provides specialized expertise to develop, create, implement and execute the business strategy for expansion into new markets while diversifying the business line product portfolio.
•    Partners with Senior Management and influences the strategic direction of a competitive product and solution set for new markets and develops the solutions to bring to market.
•    Partners with Pricing and Business Line Leaders to analyze product solutions.
•    Serves as a contributor to the risk management process across their area of responsibility, analyzing potential impacts to LFG’s risk management programs, product pricing, business mix and assets under management.
•    Contributes to strategy to expand the pipeline of future products through innovation initiatives, identifying viable solutions in support of the strategic plan to diversify the business line product portfolio.
•    Responsible for all aspects of product development including discover, design, develop and deliver.
•    Ability to assess the market and adjacent markets to discover solutions for the business and then take those ideas to determine viability for our product portfolio.
•    After assessing and discovering solutions for the business, lead the design and develop aspects of the process. This would entail engaging stakeholders and partnering with teams to conduct research.
•    Leverages and establishes relationships outside of the company to engage with discover work for the product portfolio.

What we’re looking for

•    4 Year Bachelor's degree or 4+ years of experience of equivalent work experience 
•    10+ Years experience in a similar role in the insurance industry. (Required)
•    Strong presentation skills with demonstrated ability to influence at all levels of management through clear, informed and logical discussions/presentations.
•    Demonstrates ability to communicate knowledgeably and credibly with senior management and internal constituents.
•    Excellent written and verbal communication skills.
•    Ability to solve problems and deal with a variety of concrete variables in situations where only limited standardization exists.
•    Ability to think critically, analyze information and to evaluate the implications of a course of action or solution.
•    Demonstrated ability to identify, develop and implement process improvements.
•    Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches.  
•    Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook). 
 

 

What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs tha