VP, Product - Annuity

Job Description Summary

Our work is essential to helping Nationwide build future capability to serve customer needs. Keeping existing products relevant and marketable and building new products takes research, critical thinking, practicality and collaboration. If you enjoy gathering input and information and creating innovative solutions for customers, we want to know more about you!

As the VP, Product, you’ll have accountability and responsibility for annuity business development and product development activity and business strategy for fixed and immediate annuities, fixed indexed annuities and variable annuities. You’ll be accountable to the President, Nationwide Annuity for new business P&L, including profitability, and risk profile for these products.

• Oversees the research and development of product design requirements. Supports the project implementation team in all facets.
• Facilitates client understanding of various product options and helps to prioritize options. Works with Product Risk Committee to gain approval of product design and pricing.
• Participates in the pricing process, monitoring product statistics, and system integrations for assigned product(s). Maintains a thorough understanding of pricing, client needs, market needs, and sales positioning.
• Fully supports the Solution Development Process, supplying people and knowledge resources to specifically support Phases 1, 2, and 7.
• Responsible not only for the product development design requirements, but in addition, responsible for process design requirements as required by the channels through which annuity products are distributed.
• Develops, administers, and monitors resource plans and budgets for the area. Responsible for all related expense planning and reconciliation.
• Creates team objectives that are tied to accomplishment of business objectives and facilitates team culture that encourages ownership of team goals.
• Serves as a key member of the Annuity Leadership Team and provides input into broader Annuity strategic issues.

May perform other responsibilities as assigned.

Reports to President, Annuity.

Undergraduate degree in a business-related field. MBA desired.

FINRA Series 6 and 26 may be required. Chartered Financial Consultant, Chartered Life Underwriter, Project Management designations, actuarial designations (FSA, MAAA) preferred.

10 + years of experience in the annuity industry.

Strong technical and industry knowledge. Ability to execute and drive.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resource Business Partner.

Regularly and consistently demonstrates the Nationwide Values.

Not eligible (exempt)

Normal office environment. Some travel may be required.

The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro‑rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company‑paid pension plan, business casual attire, and more.

To learn more about the benefits we offer, .

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

NOTE TO EMPLOYMENT AGENCIES:

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.