Fidelity will not provide immigration sponsorship for this position.Job Description:Senior Manager, Annuity Product ManagementThe RoleBased in Boston, the Senior Manager of Annuity Product Management is a key member of the Fidelity Investments Life Insurance (FILI) growing product team, supporting the management and enhancement of the annuity product line-up to deliver value to Fidelity customers. This role focuses on in-market product management and execution, while supporting on-going product development initiatives. The Senior Manager partners closely with Directors of Product Management, cross-functional teams, and external partners to ensure effective day-to-day product management and drive key enhancement initiatives. The role helps ensure products remain competitive, well-positioned, and aligned with customer needs and business objectives. The ideal candidate must have strong knowledge in individual fixed and variable annuity products.
Specific responsibilities include:
Manage Existing Products:
- Maintain detailed product specifications and collateral in collaboration with product actuaries, compliance, technology and cross-functional teams
- Review contracts, riders, and prospectus language for consistency with product specifications
- Partner with Operations, Actuarial, Compliance etc. on maintenance of annuity forms
- Work closely with Director of Product Management to deliver quarterly product update on annuity products to deliver market and product insights that help inform strategic decisions
- Partner with Director of Product Management on annuity pricing rate submission in various systems, in collaboration with FILI actuarial team and reinsurance partners
- Maintain and support quarterly performance reporting
- Maintain and publish rate and sales tracking reports and analysis
- Manage relationships with external vendors on tool access and updates, contract approval and processing
- Review and maintain product training materials
- Partner with distribution to ensure alignment of product value proposition, methodology development, and planning / tools integration
- Address and resolve product-related inquiries from cross-functional stakeholders across Fidelity to support alignment and execution
Enhancing Existing Products:
- Participate in product enhancement discussions by partnering with cross-functional teams including but not limited to distribution, actuarial, legal, compliance, operations, technology, risk, finance
- Coordinate and manage product enhancement strategic initiatives across cross-functional teams to ensure timely execution, including potential new fund additions to variable annuities and product feature updates, etc.
- Collaborate with distribution to update training and marketing materials for new product enhancement
- Support product training to customer facing advisors, if needed
Contribute to other product related initiatives:
- Participate in the development of innovative product offerings for FILI's product roadmap by contributing annuity product expertise, customer perspectives, and industry market insights
- Act as a Subject Matter Expert on Fidelity insurance-related initiatives
- Contribute to market intelligence by assessing industry landscape, trends, and customer needs
- Collaborate with diverse teams across Fidelity to support a variety of insurance related projects
The Expertise and Skills You Bring- Bachelor's degree required
- 5+ years of proven annuity and insurance experience, including developing, launching and managing annuity products
- Deep product expertise in the annuities space
- Strong communication skills, including the ability to communicate complex and technical concepts to stakeholders across different levels
- Strong project management skills with experience influencing cross functional groups without authority
- Ability to manage multiple competing priorities
- Strong critical thinking and decision-making leveraging data driven insights
- Knowledge of financial services products, and the role of annuities in retirement planning
- Foundational understanding of annuity products; familiarity with annuity mechanics, riders, taxation, suitability rules, etc.
- Self-starter - able to assess what work needs to be completed and how to get it done
- Ability to build and maintain positive relationships as you work collaboratively across teams
- Expert in Microsoft Excel and strong user of other Microsoft products
- Experience with Life insurance and group annuity is a plus
- This role does not currently require FINRA registrations/licenses, however if a candidate already has FINRA registrations/licenses some may be maintained as 'permitted' in accordance with the Fidelity Licensing and Registration Policy
The TeamOutstanding opportunity to join a newly formed team at FILI. The growing FILI Product Team is a dynamic group that supports the development and management of new annuity and life insurance products to provide value to Fidelity customers. FILI provides financial products that help Fidelity's investors achieve lifetime financial goals. Having annuity and life insurance solutions as options is a strategic advantage for Fidelity's Brokerage and Wealth Management business units. Our products help ensure our clients do not outlive their assets in retirement, safeguard portfolios from market volatility and protect against premature death.
Fidelity's Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
The base salary range for this position is $89,000-$180,000 per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of
benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Certifications:Category:Business Strategy
