VP, Annuity Product Design
Confirmed live in the last 24 hours
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Job Description
About Global Atlantic
Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S., Bermuda, and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR), a leading global investment firm, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence. For more information, please visit www.globalatlantic.com.
POSITION SUMMARY
The Vice President, Annuity Product Development (Retail) will be key part of Individual Market Team, engaging in product development and innovation, helping to fuel next leg of sales growth.
This position is for a leadership position on the Annuity Product Development team, responsible for developing and pricing new annuity products with the objective of achieving sustainable competitive advantage with an industry leading product portfolio. This individual will engage with key internal and external stakeholders across multiple functions to proactively find creative solutions to the opportunities and challenges faced in today’s retirement market across multiple distribution channels.
The successful candidate will be an integral part of the Commercial team and can be located either out Hartford, CT, Des Moines, IA, or New York, NY offices. An important component of the role will be effective collaboration and communication across Commercial, Individual and Institutional Markets as well as investments, risk, hedging, and finance areas to manage new business and in force profitability, product competitiveness and sales growth.
The successful candidate will also collaborate with KKR to enhance our combined capabilities to design and launch new solutions to the marketplace. Knowledge of insurance, investments, finance, actuarial and hedging is critical for success.
This role will have responsibility for contributing to product strategy to profitability grow sales and manage in force profitability and will be accountable for communication across business areas and the overall execution of products within our retail franchise. The successful candidate needs a demonstrated ability to think both creatively and strategically.
RESPONSIBILITIES
- Lead timely research, development, and robust product pricing of new solutions.
- Use MG-ALFA or other modeling actuarial projection software to develop disciplined, robust pricing models and risks analysis for new product design ideas and modifications to current products.
- Effectively balance competitive and pricing objectives to achieve overall company objectives.
- Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of product development efforts.
