Director, Annuity & Insurance Product Due Diligence

About the role

Osaic is seeking a Director, Annuity & Insurance Due Diligence to lead and execute the firm’s due diligence, governance, and lifecycle monitoring of annuity and insurance products.

Responsibilities

• Annuity & Insurance Product Due Diligence & Governance
• Lead end-to-end due diligence and approval processes for annuity and insurance products, including variable, fixed, indexed annuities, and life insurance solutions.
• Conduct rigorous quantitative and qualitative assessments of product design, guarantees, crediting methodologies, fees, insurer financial strength, liquidity, and associated risks.
• Evaluate products based on client outcomes, suitability, and risk-return characteristics across a variety of use cases (e.g., income generation, accumulation, protection).
• Prepare clear, well-supported recommendations for Product Review / Governance Committees.
• Maintain consistent diligence methodologies, scorecards, and documentation aligned with regulatory expectations and internal standards.
• Ongoing Monitoring & Risk Oversight
• Establish and manage ongoing monitoring frameworks for annuity and insurance products across the product lifecycle.
• Track insurer financial strength, ratings changes, product performance, crediting adjustments, and contractual updates.
• Monitor regulatory developments impacting annuity and insurance products, including evolving suitability and disclosure requirements.
• Lead escalation and remediation actions, including product restrictions, guidance updates, or product exits when risk profiles change.
• Ensure robust reporting, transparency, and audit-ready documentation for internal stakeholders and regulatory review.
• Carrier Evaluation & Product Insights
• Engage with insurance carriers for product evaluation and due diligence purposes, including product structure, underwriting, and operational capabilities.
• Audit insurer financial strength using ratings frameworks (e.g., AM Best, S&P, Moody’s) and broader balance sheet considerations.
• Evaluate service models, operational efficiency, and policyholder experience as part of product suitability and risk assessment.
• Provide insights to Product Management on product positioning, competitiveness, and opportunities for enhancement.
• Regulatory & Compliance Partnership
• Serve as a subject matter expert on annuity and insurance products for audits, exams, and internal reviews.
• Ensure alignment with FINRA, SEC, Reg BI, and applicable state insurance regulatory requirements.
• Partner with Compliance, Legal, and Risk teams to maintain policies and procedures governing product approval, monitoring, and use.
• Support supervisory frameworks and guidance for advisors to ensure appropriate product usage and suitability.
• Operational Excellence & Process Improvement
• Enhance diligence processes through improved tools, data utilization, and workflow efficiencies.
• Develop and track KPIs related to product performance, risk outcomes, and advisor adoption.
• Support automation and scalability initiatives within the due diligence function.
• Ensure depth and rigor of analysis are appropriately calibrated to product complexity and risk profile.

Qualifications

• 5–10+ years of experience in annuity and/or insurance product due diligence, product management, or research within a broker-dealer, insurer, or wealth management firm.
• Deep expertise in annuity products (variable, fixed, indexed) and life insurance solutions.
• Strong understanding of insurer financial strength analysis and ratings methodologies (e.g., AM Best, S&P, Moody’s).
• Knowledge of regulatory frameworks, including FINRA, SEC, Reg BI, and state insurance regulations.
• Experience presenting to governance committees and influencing cross-functional stakeholders.
• Strong analytical, communication, and stakeholder management skills.

Skills

• Professional designations such as CFA, CFP, CLU, ChFC, or similar.
• Familiarity with retirement income planning and protection strategies.
• Experience working across both broker-dealer and advisory/RIA platforms.
• Experience improving or scaling diligence processes through technology and data.
• Experience with Series 6/7.

Benefits

Our competitive compensation is just one component of Osaic’s total compensation package. Additional benefits include health, vision, dental insurance, 401k, paid time away, volunteer days and much more.