Senior Manager, Annuity Product Management

About the role

The Senior Manager of Annuity Product Management is a key member of the Fidelity Investments Life Insurance (FILI) growing product team, supporting the management and enhancement of the annuity product line-up to deliver value to Fidelity customers. This role focuses on in-market product management and execution, while supporting on-going product development initiatives.

Responsibilities

• Manage Existing Products: Maintain detailed product specifications and collateral in collaboration with product actuaries, compliance, technology and cross-functional teams.
• Review contracts, riders, and prospectus language for consistency with product specifications.
• Partner with Operations, Actuarial, Compliance etc. on maintenance of annuity forms.
• Work closely with Director of Product Management to deliver quarterly product update on annuity products to deliver market and product insights that help inform strategic decisions.
• Maintain and support quarterly performance reporting.
• Maintain and publish rate and sales tracking reports and analysis.
• Manage relationships with external vendors on tool access and updates, contract approval and processing.
• Review and maintain product training materials.
• Partner with distribution to ensure alignment of product value proposition, methodology development, and planning / tools integration.
• Address and resolve product-related inquiries from cross-functional stakeholders across Fidelity to support alignment and execution.
• Enhance Existing Products: Participate in product enhancement discussions by partnering with cross-functional teams including but not limited to distribution, actuarial, legal, compliance, operations, technology, risk, finance.
• Collaborate with distribution to update training and marketing materials for new product enhancement.
• Support product training to customer facing advisors, if needed.
• Contribute To Other Product Related Initiatives: Participate in the development of innovative product offerings for FILI’s product roadmap by contributing annuity product expertise, customer perspectives, and industry market insights.
• Act as a Subject Matter Expert on Fidelity insurance-related initiatives.
• Contribute to market intelligence by assessing industry landscape, trends, and customer needs.
• Collaborate with diverse teams across Fidelity to support a variety of insurance related projects.

Qualifications

• Bachelor’s degree required.
• 5+ years of proven annuity and insurance experience, including developing, launching and managing annuity products.
• Deep product expertise in the annuities space.
• Strong communication skills, including the ability to communicate complex and technical concepts to stakeholders across different levels.
• Strong project management skills with experience influencing cross functional groups without authority.
• Strong critical thinking and decision-making leveraging data driven insights.
• Foundational understanding of annuity products; familiarity with annuity mechanics, riders, taxation, suitability rules, etc.
• Self-starter - able to assess what work needs to be completed and how to get it done.
• Able to build and maintain positive relationships as you work collaboratively across teams.
• Expert in Microsoft Excel and strong user of other Microsoft products.
• Experience with Life insurance and group annuity is a plus.