Director, Product Concept Development

About the role

The Director, Product Concept Development, is responsible for taking product concepts from the innovation/ideation phase and building out comprehensive product specifications that serve as the single source of truth through the product life cycle. This individual will work closely with the rest of the product team to address open design questions and tailor the product design to both meet regulatory requirements and simplify the design for administrative purposes (where possible and appropriate).

Responsibilities

• Partner with product development innovation lead to gain understanding and turn early-stage scoping documents into product specifications.
• Draft specifications in a way that can be easily translated into contract forms to streamline drafting and filing timelines.
• Partner closely with business analysts and cross-functional teams to flesh out open product design items and close out open items in a timely manner to ensure on time delivery.
• Understand and be able to articulate overall positioning and rationale for product design and decisions that were made in the design phase.
• Maintain clear and searchable records of decisions and rationale (supporting documentation) to inform future business decisions.
• Operate with a level of skepticism when intaking and developing new concepts to “break” the concept and root out issues.
• Support the downstream product lifecycle from implementation to post launch support as necessary.
• Maintain key focus of product development efforts on concepts that enhance stakeholder value.

Requirements

• Bachelor’s degree in business, tax, financial services or related studies.
• Minimum of 10+ years of annuity industry experience.
• Understanding of annuity functional impacts to new product development work - anticipate issues and contemplate solutions.
• Working knowledge of annuity industry operational processes.
• Ability to leverage resources to formulate and challenge hypotheses and arrive at conclusions quickly.
• Strong executive presence.
• Experience in leading without authority and influencing change across an organization.
• Deep understanding of the annuity market, annuity products, annuity sales process, sales drivers, internal business process flows and administrative platforms.
• Natural collaborator with the ability to bring various functions together to drive decisions.
• Strong relationship skills.
• Natural collaborator with the ability to bring various functions together to drive decisions.
• Strong relationship skills.
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