Annuity Product Management Consultant

Full-Time, Springfield or Boston

The Opportunity

Drive implementation of new annuity products, features, enhancements and capabilities. Role will help drive all aspects of the implementation efforts from start to post launch. This includes development of product specs, business requirements, testing and delivery of product to the marketplace. Act as owner and SME throughout the product implementation and deployment process. Work collaboratively and communicate effectively across all functions of the business including sales, marketing, operations, ETX/IT, law and compliance. Provide ongoing support for product management efforts for in force business as well as new development working closely with the annuity product management and implementation leads.

The Team

The annuity product team drives all product development and management of a rapidly growing business. MM Annuity has grown to be a top 5 player and the product team has a strong team consisting of actuarial and non-actuarial resources. It is a very collaborative and team oriented environment where everyone works together, supports one another and harnesses to broad skill sets across the team in an effort to reach the best outcomes.

The Impact:

This position plays a critical role in in the design and execution of new products. MassMutual Annuity has seen significant growth and this role is important in collaborating with teammates and business partners to achieve the strategic objective of offering a well rounded product suite to meet the diverse needs of our distributors and customers

Your responsibilities will include but not limited to:

• Overseeing the entire implementation lifecycle, from product specs to post implementation support, ensuring project goals and timelines are met

• Leading and coordinating cross-functional teams, including Pricing, Marketing, Sales, Compliance, Legal, Operations, State Filing and ETX/IT to ensure a unified and efficient implementation process

• Developing a thorough understanding of the product being implemented, including its features, functionality, and how it addresses client’s needs

• Utilize competitive research to find ways to enhance the annuity product suite

• Act as product SME for sign-off on contracts, Illustrations, marketing, and training materials while acting as a resource to answer product-oriented questions

• Collaborating with leadership to establish product KPI’s, identify product enhancements, and contribute to the overall product vision and strategy

The Minimum Qualifications

• 7+ years relevant product experience

• 1+ year experience communicating & presenting new ideas to sales partners and senior leadership including ability to assist with product specifications drafting

• 1+ year of experience of financial services value chain including product, distribution, marketing, IT and operational/service capabilities

• 1+ year experience working through detailed product implementation work including specifications development, act as subject matter expert and support product testing

The Ideal Qualifications

• Strong verbal and written communication skills, ability to present new ideas to sales partners and senior leadership including ability to assist with product specifications drafting

• Ability to work cross-functionally to reconcile competing priorities while meeting organizational objectives

• Strong grasp of financial services value chain including product, distribution, marketing, IT and operational/service capabilities

• Working knowledge of overall retirement landscape and research outlets that provide insight into consumer needs

• Ability to analyze and apply competitive information to define new product opportunities and support a business case

• Strong business acumen and understanding of how annuities make money and risks posed by the product

• Sound business judgment in an environment of rapid change - ability to respond to changes in direction, tight deadlines and high-pressure situations

• Comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to a problem

• Takes ownership and is results-oriented

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Annuity Product Team

• Focused one-on-one meetings with your manager

• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups

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Salary Range:

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer. We welcome all persons to apply.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.