VP, Product Design and Derivatives Pricing

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, Global Atlantic combines deep insurance expertise with KKR’s 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 helps people achieve their financial goals with confidence.

Vice President, Annuity Product Development (Retail) will be a key part of the Individual Market Team, engaging in product development and innovation, helping to fuel the next leg of sales growth. This leadership role is responsible for developing and pricing new annuity products with the objective of achieving sustainable competitive advantage with an industry‑leading product portfolio. The individual will engage with key internal and external stakeholders across multiple functions to proactively find creative solutions to opportunities and challenges in today’s retirement market across multiple distribution channels.

The successful candidate will report to the Director, Individual Markets and can be located in one of the following offices:
Hartford, CT;
Des Moines, IA; or New York, NY. An important component of the role is effective collaboration and communication across Individual Markets, investments, risk, hedging, and finance areas to manage new business and in‑force profitability, product competitiveness, and sales growth.

The candidate will also collaborate with KKR to enhance combined capabilities to design and launch new solutions to the marketplace. Knowledge of insurance, investments, finance, actuarial and hedging is critical for success.

This role will contribute to product strategy to grow sales, manage in‑force profitability, and execute products within the retail franchise. The candidate needs a demonstrated ability to think both creatively and strategically.

• Lead timely research, development, and robust product pricing of new solutions.
• Use MG‑ALFA or other modeling actuarial projection software to develop disciplined, robust pricing models and risk analyses for new product design ideas and modifications to current products.
• Effectively balance competitive and pricing objectives to achieve overall company objectives.
• 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/profitability profile and policy forms provide sufficient levers to effectively manage product profitability post‑issue.
• Collaborate with the Annuity Product Implementation team during the implementation of new products, supporting state & prospectus filing, marketing, and sales illustration.
• Collaborate with the In‑force Pricing team to set rates on new products and incorporate them effectively into the product management processes.
• Communicate with peers in product, risk management, investments, marketing, legal, and operations.
• Develop and maintain industry knowledge including economic, regulatory, and competitive environments to support development of new products.

• Bachelor’s Degree in Actuarial Science, Math, Statistics, Computer Science, Physics or Engineering (required).
• Five-plus years of experience in the annuity/life insurance industry, product development experience preferred.
• Five-plus years’ experience in programming financial models in actuary modeling software (R3S, Prophet, Axisor, MG Alfa) or other programming language such as Python, C/C++ or Java.
• Fellow of the Society of Actuaries (required).
• Demonstrated ability to think creatively, strategically and champion product throughout Global Atlantic and distribution partners, taking into account company profitability and consumer value.
• Demonstrated ability to lead projects and navigate matrixed organizations.
• Experience leading product strategy development, financial analysis and product innovation.
• Leadership experience and knowledge of…