VP, Annuity Product Design

Global Atlantic Financial Group

Job Location:

Des Moines, IA - USA

Monthly Salary: $ 150000 - 190000

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

About Global Atlantic

Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S. Bermuda and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR) a leading global investment firm Global Atlantic combines deep insurance expertise with KKRs powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity preneed life insurance reinsurance and investment solutions Global Atlantic through its issuing companies helps people achieve their financial goals with confidence. For more information please visit .

POSITION SUMMARY

TheVice PresidentAnnuity Product Development(Retail) will be key part of Individual MarketTeam engaging inproduct development and innovation helping to fuel next leg of sales growth.

This position is for a leadership position on the Annuity Product Development team responsible for developing and pricing new annuity products with theobjectiveof achieving sustainable competitive advantage with an industry leading product portfolio. This individual will engage with key internal and external stakeholders across multiple functions to proactively find creative solutions to the opportunities and challenges faced in todays retirement market across multiple distribution channels.

The successful candidate will report to theDirectorIndividual Markets andcanbe located ineither out Hartford CT Des Moines IA or New York NYoffices. An important componentof the role will be effective collaboration and communication across Individual Markets as well as investments risk hedging and finance areas to manage new business and in force profitability productcompetitivenessand sales growth.

The successful candidate will also collaborate with KKR to enhance our combined capabilities to design and launchnew solutionsto the marketplace. Knowledge of insurance investments financeactuarialand hedging is critical for success.

This role will have responsibility forcontributing toproduct strategy to profitability grow sales and manage in force profitability and will be accountable for communication across business areas and the overall execution of products within our retail franchise. The successful candidate needs a demonstrated ability to think both creatively and strategically.

RESPONSIBILITIES

Leadtimelyresearch development and robust product pricing ofnew solutions.
Use MG-ALFA or other modeling actuarial projection software to develop disciplined robust pricing models andrisksanalysis for new product design ideas and modifications to current products.
Effectively balance competitive and pricingobjectivesto achieve overall companyobjectives.
Implement best practices in pricing methods automation organization and documentation to improve overall efficiency and quality of product development efforts.
Ensure product designs fit the desired risk/profitabilityprofileand policy forms provide sufficient levers to effectively manage product profitability post-issue.
Collaborate with the Annuity Product Implementation team during the implementation of newproductsresponsibilities include supporting state & prospectus filing marketing and sales illustration.
Collaborate with theInforcePricing team to set rates on new products and effectively incorporate new products into the product management processes.
Communicate with peers in product risk management investments marketing legal & operations.
Develop andmaintainindustry knowledge including economic regulatory and competitive environments to supportdevelopmentof new products.

QUALIFICATIONS

Bachelors Degree in Actuarial Science Math Statistics Computer Science Physics or Engineeringrequired
Five plus years of experience in the annuity/life insurance industry is preferred product development experience preferred
Five plus years experience in programming financial models in any actuarial modelling software (R3S ProphetAxisor MG Alfa) or other programming language such as Python C/Cor Java
Fellow of the Society of Actuaries
Demonstrated ability to think creatively strategically and champion product throughout Global Atlantic and our distribution partners taking into account company profitability and consumer value.
Demonstrated ability to leadprojectsand seamlessly navigate matrixed organizations.
Experience leading Product strategy development financial analysis and product innovation.
Leadership experience and knowledge of insurance capitalmarketsand risk.
Track recordof product innovation and raising liabilities at attractive funding costs.
Detailed understanding of product vehicles legal and other regulatory structures and unique investment requirements of retail products (registered and unregistered).
Goodcommunicationskills and ability to influence senior levels of the organization.
Demonstrated ability to align internal and external resources to partner for successful outcomes.
The ability to coachmentorand share knowledge with others in the organization.
Must be able to travel occasionally to other offices ( Moines HartfordNew YorkWayne (PA))
Experience designing business cases and successful implementationstrategy.

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors such as skill experience and qualification for the role. Employees may be eligible for a discretionary bonus based on factors such as individual and team performance.

Global Atlantic EEOC Statement
Global Atlantic is an equal opportunity employer. Individuals seeking employment are considered without regard to race color religion national origin age sex marital status ancestry physical or mental disability veteran status sexual orientation or any other category protected by applicable law.

Base Salary Range

$150000 - $190000 USD

Privacy Statement

Our employees are in the office5 days per week in New York and 4 days per week in all other offices. If you have questions on this policy or the application process please reach out to

Global Atlantic reserves the right to modify the qualifications and requirements for this position to accommodate business needs and regulatory changes. Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements state and federal laws.

Required Experience:

Exec

About Global AtlanticGlobal Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S. Bermuda and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR) a leading global investment firm Global Atlantic combines deep insurance expertise with KKRs power...