Director, Product Development

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

About The Role

The Director, Product Development, Innovation is responsible for concept initiation and development by partnering with cross functional internal teams as well as discussions with Broker Dealer partners and asset managers to identify future growth opportunities for Corebridge. Opportunities for growth may come through enhancement to existing offerings, creation of new solutions for broad scale distribution, creation of new solutions for focused distribution, as well as “piloting” of innovation in a “test and learn” environment. The Director, Product Development, Innovation will be focused on product differentiation and introducing elements to our product suite that are unique to Corebridge to drive sales and help create advisor loyalty through Corebridge product offerings. This individual will be responsible for early-stage concept documentation and positioning ensuring product solutions being proposed meet a customer need and will deliver a measurable result for Corebridge. The Director, Product Development, Innovation partner with cross functional teams to socialize initiatives and collect feedback to help influence both design elements (where appropriate) and assessing feasibility and viability to prioritized initiatives. Additionally, this individual will help determine key measures of success for initiatives that move forward, as well as monitoring success measures for solutions in market to determine if there are opportunities to sunset solutions that either are not resonating in the market or are at the tail end of their product life cycle. This individual will be responsible for growing and maintaining the product concept pipeline and ensuring that we are moving initiatives forward that meet the evolving needs of the business as well as the broad annuity market and financial services industry.

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

Skills and Qualifications

• 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

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