Senior Manager, Annuity Product Management

Job Description:

Senior Manager, Annuity Product Management

Note: Fidelity is not providing immigration sponsorship for this position

The Role

Based in Boston, the Senior Manager of Annuity Product Management is a key member of the Fidelity Investments Life Insurance (FILI) growing product team, supporting the management and enhancement of the annuity product line-up to deliver value to Fidelity customers. This role focuses on in-market product management and execution, while supporting on-going product development initiatives. The Senior Manager partners closely with Directors of Product Management, cross-functional teams, and external partners to ensure effective day-to-day product management and drive key enhancement initiatives. The role helps ensure products remain competitive, well-positioned, and aligned with customer needs and business objectives. The ideal candidate must have strong knowledge in individual fixed and variable annuity products. 

Specific responsibilities include:

Manage Existing Products:

• Maintain detailed product specifications and collateral in collaboration with product actuaries, compliance, technology and cross-functional teams

• Review contracts, riders, and prospectus language for consistency with product specifications

• Partner with Operations, Actuarial, Compliance etc. on maintenance of annuity forms

• Work closely with Director of Product Management to deliver quarterly product update on annuity products to deliver market and product insights that help inform strategic decisions

• Partner with Director of Product Management on annuity pricing rate submission in various systems, in collaboration with FILI actuarial team and reinsurance partners

• Maintain and support quarterly performance reporting

• Maintain and publish rate and sales tracking reports and analysis

• Manage relationships with external vendors on tool access and updates, contract approval and processing

• Review and maintain product training materials

• Partner with distribution to ensure alignment of product value proposition, methodology development, and planning / tools integration

• Address and resolve product-related inquiries from cross-functional stakeholders across Fidelity to support alignment and execution

Enhancing Existing Products:

• Participate in product enhancement discussions by partnering with cross-functional teams including but not limited to distribution, actuarial, legal, compliance, operations, technology, risk, finance

• Coordinate and manage product enhancement strategic initiatives across cross-functional teams to ensure timely execution, including potential new fund additions to variable annuities and product feature updates, etc.

• Collaborate with distribution to update training and marketing materials for new product enhancement

• Support product training to customer facing advisors, if needed

Contribute to other product related initiatives:

• Participate in the development of innovative product offerings for FILI’s product roadmap by contributing annuity product expertise, customer perspectives, and industry market insights

• Act as a Subject Matter Expert on Fidelity insurance-related initiatives

• Contribute to market intelligence by assessing industry landscape, trends, and customer needs

• Collaborate with diverse teams across Fidelity to support a variety of insurance related projects

The Expertise and Skills You Bring

• Bachelor’s degree required

• 5+ years of proven annuity and insurance experience, including developing, launching and managing annuity products

• Deep product expertise in the annuities space

• Strong communication skills, including the ability to communicate complex and technical concepts to stakeholders across different levels

• Strong project management skills with experience influencing cross functional groups without authority

• Ability to manage multiple competing priorities

• Strong critical thinking and decision-making leveraging data driven insights

• Knowledge of financial services products, and the role of annuities in retirement planning

• Foundational understanding of annuity products; familiarity with annuity mechanics, riders, taxation, suitability rules, etc.

• Self-starter - able to assess what work needs to be completed and how to get it done

• Ability to build and maintain positive relationships as you work collaboratively across teams

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