Senior Manager, Product Development

Job Description Summary

As part of the Transamerica Annuity Product Development team, this role supports the development of annuity products and underlying investment options. Aligns the needs of the investor, distribution partner and shareholder to deliver meaningful solutions at a reasonable price.

• 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.

• 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.

• Hybrid (Tuesday - Thursday)
• Occasional travel to meet with stakeholders.

The Salary for this position generally ranges between $122,000 - $150,000 annually.
Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• College Coach Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs