Senior Retirement Income Product Manager

Pacific Life; Charlotte (NC); On-site; USD 152,000 - 186,000; Full time

Benefits offered by this job

Medical, Dental, Vision benefits

Generous paid time off

Parental leave & Adoption assistance

Competitive 401k with company match

Job summary

Pacific Life is seeking a Senior Retirement Income Product Manager to join the Institutional Division in Charlotte, NC (also in Newport Beach, CA, and Omaha, NE). The role drives Defined Contribution Lifetime Income strategies, translates market needs into product roadmaps, and aligns with internal and external partners to define the product vision and roadmap.

You will lead end-to-end product development, collaborate with risk, pricing, legal, finance, and sales, and coordinate with marketing

Qualifications

• Bachelor's degree in marketing, business, economics or a similar field.
• Extensive knowledge of retirement solutions and annuities in financial services, with a preference for Defined Contribution experience.
• 10–12 years of product development/management experience in retirement/insurance/annuity industries.
• Ability to influence and collaborate with divisional stakeholders.
• Strong collaborative and creative thinking abilities.

Responsibilities

• Define institutional lifetime income product features and documentation for development teams.
• Collaborate with risk, pricing, legal, finance, sales and operations.
• Communicate and align on retirement product initiatives for internal approvals.
• Serve as retirement product expert across the division.

Skills

Retirement solutions

Product management

Stakeholder collaboration

Market research

Communication

Education

Bachelor's degree in marketing/business/economics

Job description

Job Description:

Pacific Life is investing in bright, agile, and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented Senior Retirement Income Product Manager to join the Institutional Division in Newport Beach, CA, Omaha, NE, or Charlotte, NC.

As a Senior Retirement Income Product Manager, you’ll play a key role in Pacific Life’s growth and long-term success by leading efforts to drive Defined Contribution Lifetime Income (DCLI) and other Institutional Retirement Income strategies, connect market needs to retirement product roadmaps and collaborate with internal stakeholders and external partners to define and communicate the product vision, goals and roadmap based on market research and company objectives.

How you will make an impact:

• Lead efforts in defining institutional lifetime income product features and necessary documentation to facilitate knowledge transfer and development of requirements across project teams. Products can include annuity and retirement solutions proprietary to Pacific Life, or in collaboration with strategic partnerships.
• Collaborate with and influence various stakeholders including risk, pricing, legal, finance, sales, and operations.
• Ensure effective communication and alignment on retirement product initiatives and goals in preparation for any internal approval processes.
• Be viewed as the retirement product "expert" for all stakeholders across the division.
• In partnership with the project management function, drive the end-to-end product implementation process, including idea generation, requirements gathering, and product design to ensure seamless implementation.
• Coordinate with marketing and sales teams to plan and execute successful product launches, which includes effective product positioning, training materials and optimal sales support via product collateral and presentation deck updates. Be able to lead and/or support product training across various stakeholders.
• Conduct market research to identify customer needs, market trends. Gather insights to guide product development strategies.
• Monitor DCLI and retirement income competitive landscape broadly and create positioning and differentiators against competitors. Contribute to competitive intelligence updates.
• Identify retirement market needs by leveraging insights from the sales / relationship management / strategic partnership teams.
• Apply industry knowledge to drive product development strategies and identify market opportunities.
• Track product performance metrics, client feedback, and market response. Continuously evaluate product success and identify opportunities for improvement and enhancement. Report out on progress to senior leadership as needed.
• Partner with our Consumer Markets Division (CMD) to understand enterprise retirement product initiatives and determine areas of cross collaboration and information sharing, with the goal of creating economies of scale in the product development process.
• Represent Pacific Life’s Institutional Division at industry events and conferences.

The experience you will bring:

• Bachelor's degree in marketing, business, economics, or a similar field.
• Extensive knowledge of retirement solutions and annuities in the financial services industry, with a strong preference for Defined Contribution experience.
• Demonstrated 10-12 years of experience in product development and/or product management in the retirement/insurance/annuity industry.
• Ability to influence, partner and collaborate with divisional stakeholders.
• Strong desire for collaboration and a demonstrated ability to think creatively.

What will make you stand out:

• In depth knowledge of Defined Contribution plans, lifetime income product types and competitor landscape.
• Desire to stay up-to-date with retirement income trends, emerging technologies and regulatory changes that impact the insurance landscape.
• Experience with retirement plan advisors, plan sponsors and plan administrators.
• Finance, Actuarial, and/or Quantitative background, with an ability to create proof of concepts, business cases, and understand pricing and profitability.
• An agile mindset and the ability to demonstrate results in a start-up environment.
• Compelling presentation skills.
• Strong interpersonal skills and the ability to operate in ambiguity.
• Advanced degree, certifications and/or industry licensing (MBA, CFA, ASA/FSA, or other relevant education/designation/licensing).

#LI-TB1

Base Pay Range:

The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$152,010.00 - $185,790.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave as well as an Adoption Assistance Program
• Competitive 401k savings plan with company match and an additional contribution regardless of participation

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

EEO Statement:

PACIFIC LIFE INSURANCE COMPANY IS AN EQUAL OPPORTUNITY /AFFIRMATIVE ACTION EMPLOYER, M/F/D/V. IF YOU ARE A QUALIFIED INDIVIDUAL WITH A DISABILITY OR A DISABLED VETERAN, YOU HAVE THE RIGHT TO REQUEST AN ACCOMMODATION IF YOU ARE UNABLE OR LIMITED IN YOUR ABILITY TO USE OR ACCESS OUR CAREER CENTER AS A RESULT OF YOUR DISABILITY. TO REQUEST AN ACCOMMODATION, CONTACT A HUMAN RESOURCES REPRESENTATIVE AT PACIFIC LIFE INSURANCE COMPANY.