Sr Product Manager - Annuities

Transamerica; Cedar Rapids (IA); Hybrid; USD 90,000 - 100,000; Full time

Benefits offered by this job

Pension Plan

401(k) Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development

Job summary

Transamerica seeks a senior product leader to drive major product initiatives, design and execute new products, and enhance existing offerings while ensuring regulatory compliance. You will serve as a product SME and partner with marketing, distribution, and technology teams to shape strategy and mentor junior staff.

The role requires 5+ years in Financial Services/Insurance, strong communication and analytical skills, and independence in decision making.

Qualifications

• Bachelor’s degree or equivalent.
• 5 years experience in Financial Services/Insurance.
• Expertise in at least one insurance/annuity product line.
• Excellent communication skills, both written and verbal; able to communicate with audiences of all levels.
• Analytical and organizational skills with attention to detail.
• In‑depth understanding of systems that support at least one insurance/annuity product line with impacts across multiple functional areas.
• Ability to work independently.
• Comfortable making independent decisions related to the job function.

Responsibilities

• Lead large product initiatives or enhancements.
• Collaborate with Competitive Intelligence, Distribution, and Marketing to review industry trends and drive product positioning.
• Partner with functional areas to negotiate needs and facilitate product decisions.
• Assist with gathering and documenting business requirements.
• Manage external vendor relationships for product specifications, regulatory training, and other product‑specific relationships.
• Drive strategic process improvements for the product line.
• Lead and/or oversee discussions to define product features, competitiveness, product sales tools, milestone dates, etc., and act as Product SME as needed.
• Responsible for delivery of product illustrations.
• Mentor junior team members.
• Act as a liaison between business and technical teams.

Education

Bachelor’s degree or equivalent

Job description

Job Description Summary

This role leads major product initiatives, including the design and execution of new products and product enhancements, while ensuring compliance adherence. This role serves as product SME, and partners with multiple functional teams to shape strategy, drive process improvements, guide cross‑functional decision making, and mentor junior team members.

Responsibilities

• Lead large product initiatives or enhancements.
• Collaborate with Competitive Intelligence, Distribution, and Marketing to review industry trends and drive product positioning.
• Partner with functional areas to negotiate needs and facilitate product decisions.
• Assist with gathering and documenting business requirements.
• Manage external vendor relationships for product specifications, regulatory training, and other product‑specific relationships.
• Drive strategic process improvements for the product line.
• Lead and/or oversee discussions to define product features, competitiveness, product sales tools, milestone dates, etc., and act as Product SME as needed.
• Responsible for delivery of product illustrations.
• Mentor junior team members.
• Act as a liaison between business and technical teams.

Qualifications

• Bachelor’s degree or equivalent.
• 5 years experience in Financial Services/Insurance.
• Expertise in at least one insurance/annuity product line and solid understanding of additional product lines.
• Excellent communication skills, both written and verbal; able to communicate with audiences of all levels.
• Analytical and organizational skills with attention to detail.
• In‑depth understanding of systems that support at least one insurance/annuity product line with impacts across multiple functional areas.
• Ability to work independently.
• Comfortable making independent decisions related to the job function.

Preferred Qualifications

• Leadership and stakeholder management.
• Strategic planning and change management.
• Industry‑specific expertise (finance, insurance, etc.).
• Experience managing a team.

Working Conditions

• Hybrid environment.
• Travel (occasional <10%) – may travel for internal meetings.

Salary for this position generally ranges between $90,000–$100,000 annually. Salary may vary above and below the stated amounts, as permitted by applicable law. Additionally, this position is typically eligible for an annual bonus of 15% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well‑being of our employees.

Compensation Benefits

• Competitive Pay
• Bonus for Eligible Employees

Benefits Package

• Pension Plan
• 401(k) Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities

Health and Work/Life Balance Benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the NYSE holidays).
• Be Well company holistic wellness program, which includes Wellness Coaching and Reward Dollars.
• Parental Leave – fifteen (15) days of paid parental leave per calendar year for eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back‑Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs

Safe Hiring Reminder

• We will never request personal information such as ID or payment for equipment upfront.
• Official offers are sent via DocuSign following a verbal offer—not through text or email.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.