VP, Product - Annuity

Are you passionate about being part of a team that delivers extraordinary care to help individuals and businesses prepare for and protect their retirement? If so, then Nationwide Financial could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Job Description Summary

Our work is essential to helping Nationwide build future capability to serve customer needs. Keeping existing products relevant and marketable and building new products takes research, critical thinking, practicality and collaboration. If you enjoy gathering input and information and creating innovative solutions for customers, we want to know more about you!

As the VP, Product, you’ll have accountability and responsibility for annuity business development and product development activity and business strategy for fixed and immediate annuities, fixed indexed annuities and variable annuities. You’ll be accountable to the President, Nationwide Annuity for new business P&L, including profitability, and risk profile for these products.

Job Description

Key Responsibilities:   

• Oversees the research and development of product design requirements. Supports the project implementation team in all facets. 

• Facilitates client understanding of various product options and helps to prioritize options. Works with Product Risk Committee to gain approval of product design and pricing. 

• Participates in the pricing process, monitoring product statistics, and system integrations for assigned product(s). Maintains a thorough understanding of pricing, client needs, market needs, and sales positioning. 

• Fully supports the Solution Development Process, supplying people and knowledge resources to specifically support Phases 1, 2, and 7. 

• Responsible not only for the product development design requirements, but in addition, responsible for process design requirements as required by the channels through which annuity products are distributed. 

• Develops, administers, and monitors resource plans and budgets for the area. Responsible for all related expense planning and reconciliation. 

• Creates team objectives that are tied to accomplishment of business objectives and facilitates team culture that encourages ownership of team goals. 

• Serves as a key member of the Annuity Leadership Team and provides input into broader Annuity strategic issues. 

May perform other responsibilities as assigned.   

 

Reporting Relationships:  Reports to President, Annuity. 

 

Typical Skills and Experiences:   

 

Education:  Undergraduate degree in a business-related field. MBA desired. 

 

License/Certification/Designation: Chartered Financial Consultant, Chartered Life Underwriter, Project Management designations, actuarial designations (FSA, MAAA) preferred.   

 

Experience:  10+ years of experience in the annuity industry. 

 

Knowledge, Abilities and Skills:  Strong technical and <