Director, Product Development for Institutional Business & New Ventures
Director, Product Development for Institutional Business & New Ventures
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Job Description
Required Qualifications:
- Bachelors Degree
- 5 years of relevant experience in annuity retirement defined contribution product development and/or financial services business or operations
- Experience with Institutional markets such as inplan guarantees stable value 403b 457 401k and 401a markets recordkeeping/operations and applicable regulations preferred
- Strategic mindset with emphasis on execution and results
- Proven leader of matrix teams and projects and a crossfunctional collaborative leader
- Established project management and managerial skills
- Demonstrated verbal and written communication skills geared to the executive level
- Ability to facilitate meeting of peers enable discussion that leads to resolution and communicate results to management
Preferred Qualifications:
- Selfstarter intellectually curious and demonstrated attention to detail can take a first principles approach to solving new problems
Skills
Communication: Understanding of the importance of insightful listening and communicating and ability to provide information and messages in a way that produces clarity and impact.
Data Gathering and Analysis: Knowledge of data gathering and analysis tools techniques and processes; ability to gather and analyze data on the learning needs of a target population.
Effective Presentations: Knowledge of effective presentation tools and techniques; ability to present information to groups with the appropriate degree of formality.
Managing Multiple Priorities: Knowledge of effective selfmanagement practices; ability to manage multiple concurrent objectives projects groups or activities making effective judgments as to prioritizing and time allocation.
Matrix Management: Understanding of the importance of being able to leverage external resources when required and ability to build and use effective working relationships within own department and across department functional and geographic reporting lines.
Products and Services: Knowledge of major products and services and product and service groups; ability to apply knowledge of product and service appropriately to diverse situations.
Project Management: Knowledge of effective project management strategies and tactics; ability to plan organize monitor and control projects ensuring efficient utilization of technical and administrative resources to achieve project objectives.
Teamwork: Knowledge of the necessity and value of teamwork; experience with; ability to work cooperatively towards shared goals and being supportive of others at all levels.
ABOUT EQUITABLE
At Equitable were a team committed to helping our clients secure their financial wellbeing so that they can pursue long and fulfilling lives.
We turn challenges into opportunities by thinking working and leading differently where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
We are continuously investing in our people by offering growth internal mobility comprehensive compensation and benefits to support overall wellbeing flexibility and a culture of collaboration and teamwork.
We are looking for talented dedicated purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
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Equitable is committed to providing equal employment opportunities to our employees applicants and candidates based on individual qualifications without regard to race color religion gender gender identity and expression age national origin mental or physical disabilities sexual orientation veteran status genetic information or any other class protected by federal state and local laws.
NOTE: Equitable participates in the EVerify program.
If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position please contact Human Resources at (212)or email us at .
At Equitable our power is in our people.
Were individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here youll work with dynamic individuals build your skills and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential
Summary
The Institutional Business & New Ventures team at Equitable is a rapidly expanding startup business area which delivers innovative insurance solutions to institutional clients for protected investment and retirement income solutions. This position presents a rare opportunity to join a highly visible team at an early stage and grow with the mission is to help our clients secure their financial wellbeing so they can pursue long and fulfilling lives.
Institutional products include exciting growth markets which enhance retirement security for more Americans through inplan annuities where Equitable is a leading provider of retirement income solutions in the defined contribution space. Our institutional products also include other traditional markets such as stable value and tailored offerings for adjacent markets like Health Savings Accounts. This team also supports New Ventures projects which looks to incubate and execute new commercial opportunities which can include new partnerships insurance products or service offerings.
This position is for a product development leader who is commerciallyminded and resultsoriented to progress product development through any point of the product lifecyle ideation partner identification contracting build execution and ongoing management.
Primary Responsibilities include but are not limited to:
- Lead development of innovative competitive and relevant products with a focus on Retirement Institutional and Defined Contribution markets
- Identify and negotiate with existing and new potential partners such as DCIO asset managers and third party recordkeepers to deliver products to market
- Partner with enterprise functional leaders in the formulation of the product to ensure a successful launch
- Product operations and IT strategy
- Pricing Investments and Financial management
- Risk and Governance and Compliance
- Marketing and Distribution
- Product and Contract Filing (including obtaining the necessary regulatory approvals)
- Manage a matrix organization of functional experts engaged in product development and product management
- Product operations and IT strategy
- Create relevant thought leadership insights intended to improve client outcomes and position Equitable as an innovator in the Institutional retirement plans market.
- Designs and maintains operational excellence for product development
In office schedule: This team member will be working in the office 23 days per week.
The base salary range for this position is $108000$160000. Actual base salaries vary based on skills experience and geographical location. In addition to base pay Equitable provides compensation to reward performance with base salary increases spot bonuses and shortterm incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
For eligible employees Equitable provides a full range of benefits. This includes medical dental vision a 401(k) plan and paid time off. For detailed descriptions of these benefits please reference the link below.
Equitable Pay and Benefits: Equitable Total Rewards Program
Required Experience:
Director
Employment Type
Full-Time
