Head of Annuity Product Development

Socket.dev; Charlotte (NC); Hybrid; USD 260,000 - 300,000; Full time

Benefits offered by this job

Flexible work environment

Competitive benefits

401(k) with company match

Paid time off & holidays

Wellness benefits

Job summary

Brighthouse Financial seeks aSenior Product Manager to lead the design and evolution of annuity products. You will partner with leadership to align strategic objectives and drive market-ready solutions that support growth and distribution partnerships.

You will influence product messaging, manage multiple initiatives, and collaborate across Distribution, Sales, Marketing, Finance and Legal. A strong leadership track record and 10+ years in financial services product roles are expected.

Qualifications

• Strong knowledge of annuity products including Variable, FIA, RIL, and Fixed & Income products.
• Deep understanding of annuity industry, trends and market demands.
• Process-driven leader with ability to solve complex problems.
• Capable of handling multiple long-term projects and ad hoc tasks.
• Proven ability to develop relationships with partners outside the direct chain of command and influence decisions.
• 10+ years of experience in developing and designing financial services products in senior product management roles.
• Undergraduate degree required; MBA or advanced degree preferred.
• Exceptional oral and written communication skills.

Responsibilities

• Drive future annuity product design by understanding customer needs and industry trends.
• Develop product strategy aligning with sales and marketing goals.
• Ensure collaboration across the enterprise for new product development.
• Create compelling product messaging for retirement solutions.
• Design competitive annuity products meeting financial targets with leadership input.
• Collaborate with Distribution, Client Solutions, Technology, Finance and Legal.
• Provide support for inforce annuity products and explore value-added opportunities.
• Be a talent leader by fostering an inclusive environment and managing the department budget.

Skills

Annuity knowledge

Industry trends

Leadership

Problem solving

Relationship building

Product management

Communication

Education

Undergraduate degree

MBA or advanced degree preferred

Job description

Where you’ll work:

Our flexible, hybrid work model offers the option to work remotely or in the office.

How you’ll contribute:

This role is primarily responsible for the design and development of new Brighthouse annuity products and the ongoing evolution of existing annuity products. Drive the design and development of annuity product solutions in support of the company’s growth strategy by partnering with leadership across the company to ensure alignment between the company’s strategic objectives. Represent the organization as we seek external partnerships to further drive product distribution. Develop product solutions in partnership with various leaders to ensure long-term growth and competitiveness of the organization.

In this role, you’ll get to:

• Drive future annuity product design by developing a deep understanding of customer needs, industry and retirement trends, risk management and regulatory issues impacting our business.
• Develop product strategy in support of the company’s sales and marketing goals.
• Ensure partnership across the enterprise in the design and development of new annuity products including the creation of new business development opportunities.
• Ensure consistent and compelling product messaging for our suite of retirement solutions
• In partnership with Distribution Leadership and the Head of Pricing, design and develop competitive annuity products that meet company financial targets
• Works across the Distribution, Client Solutions, Technology, Finance and Legal organizations to develop solutions in line with the organization’s mission and business strategy.
• Provide support for inforce annuity products and seek opportunities to create additional value that considers clients, advisors, firms, and company.
• Be a talent leader by creating an inclusive work environment where employees can thrive.
• Manage department operating budget.

We’re looking for people who have:

• Strong knowledge of annuity products including Variable, Fixed Indexed (FIA), Registered Index-linked, and Fixed & Income annuity products
• Deep understanding of annuity industry and marketplace including trends and market demands
• Process driven leader with proven ability to find creative solutions to complex problems
• Capable of effectively handling multiple long-term projects and short-term ad hoc tasks at thesame time
• Proven ability to develop and maintain strong relationships with associates and partners outsideof direct chain of command and to drive and influence decisions in these areas.
• 10+ years of experience in developing and designing compelling financial services products in senior product management role(s)
• Undergraduate degree required, MBA or other advanced degree preferred.
• Exceptional oral and written communications skills

Research shows some people may not apply for a role if they don’t check all the boxes of a job description. If you don’t check every box listed, that’s okay. We would love to hear from you.

What you’ll receive:

• Compensation – Base salary ranging from $260,000 to $300,000 plus competitive performance-based incentives determined by company and individual results.
• Flexible Work Environment– Work remotely or in the office to better thrive in all areas of life.
• Paid Time Off– Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
• Financial Health – Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%).
• Health and Wellness– Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
• Family Support– Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
• Life and Disability Support– Gain access to company-paid basic life insurance and short-term disability insurance.

The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We’d love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

Why join us?

Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.S.,* and we specialize in products designed to help people protect what they’ve earned and ensure it lasts.

We empower employees to collaborate, bring their passion to work, and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences. You can find out more about our company culture by visiting brighthousefinancial.com/about-us/careers/.

We’re one of the largest providers of annuities and life insurance in the U.S.,* and our commitment to being a great place to work has earned us recognition as one of America’s Most Trustworthy Companies by Newsweek and, locally, one of the Healthiest Employers of Greater Charlotte.

* Ranked by 2024 admitted assets. Best's Review: Top 200 U.S. Life/Health Insurers. AM Best, 2025.