AVP, Product Development - Fixed/FIA Annuities

Lincoln Financial; Salem (OR); Hybrid; USD 125,000 - 230,000; Full time

Job summary

A financial services firm is seeking an AVP, Product Development to drive product discovery and design for fixed and fixed indexed annuities. This role will involve strategic collaborations and market analysis, requiring over 10 years of experience in the insurance industry. Excellent communication skills and the ability to influence at all management levels are essential for success in this position. The firm offers competitive benefits and a hybrid work arrangement.

Benefits

PTO/parental leave

Competitive 401K and employee benefits

Tuition assistance program

Free financial counseling

Qualifications

• 10+ years experience in a similar role in the insurance industry focused on fixed/fixed indexed annuities.
• Demonstrate ability to influence at all levels of management.
• Ability to think critically and analyze information.

Responsibilities

• Develop and execute the business strategy for expansion into new markets.
• Influence the strategic direction of competitive product solutions.
• Conduct assessments to discover solutions for the product portfolio.

Skills

Strong presentation skills

Excellent written and verbal communication

Problem-solving

Relationship management skills

Critical thinking

Education

4 Year Bachelor’s degree or equivalent experience

Tools

Microsoft Office Suite

Job description

Overview

Alternate Locations: Hartford, CT (Connecticut); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Radnor, PA (Pennsylvania); Work from Home.

Work Arrangement: Hybrid: Employee will work 3 days a week in a Lincoln office.

Relocation assistance: is not available for this opportunity.

Requisition #: 74823

The Role at a Glance

As the AVP, Product Development for Fixed and Fixed Indexed Annuities, you are responsible for driving product discovery, design and development for the business by partnering across various areas of the company as well as externally.

This position will:

• leverage relationships with third parties and internally to drive product discovery and design in respect to new strategies for the product line or new markets
• take the lead in working closely with various teams including pricing, distribution, marketing, legal/state filing, IT and implementation to design & deliver solutions to market
• be responsible for inforce management from a product perspective (non-actuarial)
• assist in developing the short- and long-term product strategy and as such requires situational awareness of the market

If you have a proven record of developing product solutions focused on fixed and fixed indexed annuities or similar solutions as well as a strong understanding of the annuity market and adjacent markets, this position could be for you!

This role requires strategic thinking, strong relationships, and ability to execute effectively. This is not a project manager role.

What you’ll be doing

What you’ll be doing

• Provides specialized expertise to develop, create, implement and execute the business strategy for expansion into new markets while diversifying the business line product portfolio.
• Partners with Management and influences the strategic direction of a competitive product and solution set for new markets and develops the solutions to bring to market.
• Partners with Pricing and Business Line Leaders to analyze product solutions.
• Serves as a contributor to the risk management process across their area of responsibility, analyzing potential impacts to LFG’s risk management programs, product pricing, business mix and assets under management.
• Contributes to strategy to expand the pipeline of future products through innovation initiatives, identifying viable solutions in support of the strategic plan to diversify the business line product portfolio.
• Responsible for all aspects of product development including discover, design, develop and deliver.
• Ability to assess the market and adjacent markets to discover solutions for the business and then take those ideas to determine viability for our product portfolio.
• After assessing and discovering solutions for the business, lead the design and develop aspects of the process. This would entail engaging stakeholders and partnering with teams to conduct research.
• Leverages and establishes relationships outside of the company to engage with discover work for the product portfolio.

What we’re looking for

What we’re looking for

• 4 Year Bachelor’s degree or 4+ years of experience of equivalent work experience
• 10+ Years experience in a similar role in the insurance industry focused on fixed/fixed indexed annuities. (Required)
• Strong presentation skills with demonstrated ability to influence at all levels of management through clear, informed and logical discussions/presentations.
• Demonstrates ability to communicate knowledgeably and credibly with senior management and internal constituents.
• Excellent written and verbal communication skills.
• Ability to solve problems and deal with a variety of concrete variables in situations where only limited standardization exists.
• Ability to think critically, analyze information and to evaluate the implications of a course of action or solution.
• Demonstrated ability to identify, develop and implement process improvements.
• Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches.
• Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).

Application Deadline

Applications for this position will be accepted through August 31st, subject to earlier closure due to applicant volume.

What’s it like to work here?

At Lincoln Financial, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.

What’s in it for you

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits (https://www.lincolnfinancial.com/public/aboutus/careers/lifeatlincoln#benefits)
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training

The pay range for this position is $125,800 - $229,100 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.

About The Company

Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future. We focus on identifying a clear path to financial security, with products including annuities, life insurance, group protection, and retirement plan services.

With our 120-year track record of expertise and integrity, millions of customers trust our solutions and service to help put their goals in reach.

Lincoln Financial Distributors, a broker-dealer, is the wholesale distribution organization of Lincoln Financial. Lincoln Financial is the marketing name for Lincoln Financial Corporation and its affiliates including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Lincoln Financial affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice.

Lincoln is committed to creating an inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. Lincoln will not ask applicants to provide sensitive information in job applications. Our recruiters do not communicate with applicants through free e-mail accounts or conduct interviews via unverified channels. We will never ask applicants to provide payment during the hiring process. If you encounter a suspicious activity, contact Lincoln's fraud team at [e-mail].

Additional Information

This position may be subject to Lincoln’s Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions could have an adverse impact on Lincoln’s business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions or fundraising activities.

Any unsolicited resumes or candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial are considered property of Lincoln Financial and are not subject to payment of agency fees.

Lincoln Financial is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex, age, national origin or disability. This employer participates in E-Verify. See notices.