Key skills
Insurance productsFinancial conceptsAnnuitiesRetirement productsInvestmentsProduct developmentMarket researchConsumer testingFinancial data analysisFinancial modelingMS OfficeCRMCommunicationPresentation SkillsSales
About this role
Aegon is part of the Transamerica Annuity Product Development team, and they are seeking a Senior Manager for Product Development. This role supports the development of annuity products and investment options, aligning the needs of investors, distribution partners, and shareholders to deliver effective solutions.
Responsibilities:
- Model cashflows of existing and new annuity product concepts and create illustrative materials to facilitate understanding across audiences ranging from project execution teams to senior executives
- Conduct advisor and customer feedback and input sessions to help ascertain the needs of investors and financial advisors
- Ideate and develop annuity products and product features that meet the needs of investors and financial advisors or that better align with the financial aspirations of Transamerica
- Perform regular and ad-hoc analysis comparing performance of various products and product features across targeted competition and broad market segments
- Perform analysis of product line financial performance and market positioning; determine key drivers and communicate conclusions to business partners
- Generate solutions based on product line analysis; develop innovative solutions in partnership with key stakeholders (e.g. Legal, Pricing, Sales) that improve outcomes for the company and customers
- Conduct cost benefit analysis; defend financial and strategic viability of potential product solutions
- Educate a diverse range of audiences on Transamerica products and solutions
Requirements:
- Bachelor's degree in business, economics or related discipline, or equivalent insurance/finance industry experience
- Ten years of experience in the insurance/finance industry
- Proficient knowledge of insurance products and financial concepts, preferably related to annuities, retirement and investments
- Experience related to product development, market research or consumer testing
- Analytical and problem-solving skills to gather, analyze and model financial data or products
- Communication and interpersonal skills to collaborate and build consensus with business partners and stakeholders
- Presentation skills to communicate complex proposals to a wide range of audiences
- Proficiency using MS Office tools
- Relevant experience in investments, actuarial and/or marketing roles
- Relevant experience with programming, visualization and/or CRM systems