Director, Product Development

Revol One Financial; Urbandale (IA); On-site; USD 140,000 - 210,000; Full time

Job summary

Revol One Financial in Urbandale, IA is seeking a Director, Product Development to lead the ideation, design, pricing, and illustration systems for new and in-force annuity products. You will collaborate with leadership and cross-functional teams to bring innovative solutions to market.

Ideal candidate has 5+ years actuarial experience, working toward FSA/MAAA, and proven ability to deliver accurate results on schedule in a fast-paced environment.

Qualifications

• Bachelor's degree in mathematics or actuarial science or related field.
• Actuarial certification track (FSA/MAAA) in progress.
• 5+ years actuarial experience focused on annuities or life products.

Responsibilities

• Develop and price new products through model development and analysis.
• Support post-launch administration and illustration system calculations.
• Build tools and processes to enhance team effectiveness.

Skills

Problem solving

Analytical thinking

Integrity

Proactivity

Education

Bachelor's degree in mathematics, actuarial science or related degree

Actuarial product development experience

Working towards FSA and MAAA certifications

Job description

Company Introduction

At Revol One Financial® we offer a unique and exciting opportunity be on the ground floor of a startup that will upend the industry by being a refreshingly straight forward insurance company. Do you like to make quick decisions? Influence projects and outcomes? Be empowered to make decisions? We work differently and foster a collaborative, fun, and casual culture where employees make a meaningful impact. As a Director, Product Development of Revol One Financial, you will have the chance to mold & shape a critical area of Operations, work closely with leadership, work on numerous cross- function projects and wear multiple hats, all of which will be an excellent learning experience and provide opportunities for significant professional growth.

Our Core Values

• Lead with Trust & Integrity – We walk the talk. Living with integrity means our actions always match our words.
• Treat others with Respect & Humility – We value every individual. We respect and care for each fostering a supportive and empathetic workplace culture.
• Always be Genuine, Honest & Transparent – We know what we are and what we are not. We let honesty and transparency guide our decisions and actions, ensuring we stay true to who we are.
• Own Your Entrepreneurial Spirit – Everyone acts like an entrepreneur. We take initiative, own our actions, and drive innovation.
• Embrace Fun & Flexibility – Agility and positivity defines us. We embrace the fun in everything we do staying nimble and enthusiastic.
• We are One Revol One Financial – We Can, and we Will succeed together. We face challenges head on with determination and commitment, confident in our ability to succeed.

Director, Product Development

The Director, Product Development, is responsible for supporting the development of new annuity products and management of inforce annuity products. This position will support the Product Development Team with product ideation & design, pricing, contract filing, administration and illustration systems development, marketing support, and other technical support needed by Revol One to bring a new product to market. The role will also support re-pricing and rate-setting.

This position does not have direct reports.

Major Duties & Responsibilities

• Responsible for supporting the development and pricing of new products through model development, configuration, testing, and analysis of results
• Support implementation and post launch product efforts including administration and illustration system calculations, testing plans, calculations for marketing materials, training internal teams on product specifics, etc.
• Build and maintain tools, processes, and structures to enhance team effectiveness

Skills, Experience & Qualifications

• Bachelor's degree in mathematics, actuarial science or related degree or equivalent experience
• Working towards FSA and MAAA certifications
• 5+ years actuarial experience with progressively more responsibility with a concentration on Individual Annuities and/or Individual Life Insurance products
• Experience within an Actuarial product development function, financial reporting, or reinsurance function preferred
• Strong problem-solving skills that include advanced analytical and reasoning abilities
• Unconditional integrity and commitment to delivering accurate information on schedule
• Proactively identifies issues and works towards solutions
• Prioritizes execution and delivery in a fast-paced environment
• Curious and inquisitive with a desire to understand goals and decisions rather than simply take orders
• Perform other functions, duties, and projects as assigned
• No travel is required for this position

Revol One Financial® is the marketing name for Revol One Insurance Company. Revol One Insurance Company is responsible for its own financial and contractual obligations. Revol One Insurance Company is not authorized to conduct business in the state of New York.