Director of Product Management, Life Insurance

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.

Who You’ll Work With

This role partners closely with Actuarial, Distribution, Marketing, Finance, Operations, Technology and Risk, Legal/Compliance teams to translate strategy into executable product roadmaps and successful implementations and enhancements. 

About the role

The Director of Product Management – Life Insurance is responsible for end-to-end product strategy, product development and implementation, and lifecycle management of one or more of our life insurance product lines. This role provides strategic leadership across different functional areas to ensure our life insurance product offerings are competitive, compliant, and aligned with enterprise growth and profitability objectives.

Responsibilities

• Develop and manage life insurance products, such as Term, Whole Life, Index and Variable Universal Life (preferred).
• Own the product strategy, roadmap, and prioritization for assigned life insurance product(s) or product line(s) across their full lifecycle, including new product development, enhancements, and repricing initiatives from concept through launch
• Monitor competitive landscape, market trends and regulatory developments to formulate product and pricing strategy, as well as inform product enhancements
• Define, document and prioritize product requirements, features, benefits and trad-offs in partnership with Actuarial/Pricing, Legal & Compliance, Technology and Operation 
• Ensure alignment with policy administration systems, illustration platforms, and digital capabilities
• Partner with Actuarial and Finance on pricing, assumption setting and profitability targets
• Own in-force product performance metrics, including persistency, rider/benefit utilization, profitability monitoring and experience improvement; recommend corrective actions when needed
• Lead or act as SME for in-force initiatives such as building tools for policy performance tracking for customers and advisors
• Serve as the product owner in a highly matrixed environment, influencing without direct authority
• Lead, mentor and develop a team of product managers and analysts
• Act as thought partner to Senior Leadership on product solution strategy and execution

Skills and Qualifications

• Minimum of 10 years’ experience in Life insurance industry, preferably in product management, product development or closely related roles
• Knowledge of Life insurance industry, including key players (carriers and distribution channels), key drivers and key technology and regulatory environment; strong understanding of investment products, fund governance, SEC/FINRA requirements and insurance regulatory frameworks are preferred
• Strong analytical skills: ability to define problems, collect data, establish facts, draw valid conclusions, and recommend/take action on solutions
• Excellent data analysis and database capabilities (Excel, MS Access, VBA); experience with coding and data visualization tools (for example, Power BI) is a plus
• Excellent interpersonal and communication skills
• Exceptional organizational skills with the ability to multi-task and manage multiple programs/projects simultaneously while working under pressure to meet deadlines
• Project management skills - ability to push projects over the finish line with sound planning and persistent execution; understand how to align resources, seek the input of key stakeholders, and manage others to achieve desired results
• Bachelor's degree in Finance, Actuarial Science, Economics, Marketing, Business or related field; MBA or advanced degree preferred; FSA or near fellowship of FSA preferred

Compensation

The anticipated salary range for this position is to $111,000 to $138,000 at the commencement of employment.  Not all candidates will be eligible for the upper end of the salary range