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Retirement Income Product Manager in Stamford, CT at QuestPro Consultants

Date Posted: 1/18/2019

Job Snapshot

Job Description


Top rated Life Insurance company is looking to develop its presence in the US Retirement Solutions space.  This new role will be responsible for developing, launching and managing new retirement income / DC annuity products, working closely with the US DC investment team. The candidate will be part of a team striving to create transparent, value adding solutions that enable individuals to achieve a more secure retirement. 


Responsibilities:

  • Product development:
    • Design individual annuity products and features, with a particular focus on fixed-indexed-annuities, single-premium immediate annuities(SPIAs), and deferred income annuities(DIAs)
    • Demonstrate compliance with non-forfeiture and other pertinent regulations
  • Pricing/Investments:
    • Develop longevity, credit, and investment assumptions
    • Build capital and pricing models, covering IFRS, statutory, and economic capital
    • Design investment strategy and pricing portfolios for retirement income/DC annuities
  • Distribution:
    • Develop retirement income / DC distribution channels and relationships
    • Design policyholder, advisor, and agent communication documents
  • Financial reporting:
    • Develop statutory, IFRS, and tax reserving methodologies for retirement income/DC annuities
    • Design reinsurance structures to support product, if needed
  • Develop and execute dynamic and/or static hedge program for retirement income/DC
  • Legal:
    • Develop legal opinions supporting annuity products working with our legal team.
  • Governance:
    • Obtain regulatory and internal committee approvals for new products and pricing basis
  • Operations:
    • Define the operational requirements for products and work with the operations/technology team to develop the appropriate delivery strategy


Education

  • College Degree (BA / BS) required
  • ASA/FSA or significant progression thereto

Experience/Knowledge

  • Practical knowledge of US retirement income/DC market, with a focus on annuity solutions
  • 5-10 years of product development/pricing experience in the US Annuity Market, with an emphasis on Retirement Income / Defined Contribution