Transamerica Annuity Product Development team needs to support the development of annuity products and underlying investment options, aligning investor, distribution partner, and shareholder needs to deliver meaningful solutions at a reasonable price.
Requirements
- 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.
- Proficiency using MS Office tools.
- Relevant experience in investments, actuarial and/or marketing roles.
- Relevant experience with programming, visualization and/or CRM systems.
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.
Other
- Bachelor’s degree in business, economics or related discipline, or equivalent insurance/finance industry experience.
- Ten years of experience in the insurance/finance industry
- 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.
- Hybrid (Tuesday - Thursday)
- Occasional travel to meet with stakeholders.
