VP, Annuity Product Design
Company: Global Atlantic Financial Group
Location: Des Moines
Posted on: April 1, 2026
|
|
|
Job Description:
About Global Atlantic Global Atlantic is a leading provider of
retirement security and investment solutions with operations in the
U.S., Bermuda, and Japan. As a wholly-owned subsidiary of KKR
(NYSE: KKR), a leading global investment firm, Global Atlantic
combines deep insurance expertise with KKR’s powerful investment
capabilities to deliver long-term financial security for millions
of individuals worldwide. With a broad suite of annuity, preneed
life insurance, reinsurance, and investment solutions, Global
Atlantic, through its issuing companies, helps people achieve their
financial goals with confidence. For more information, please visit
www.globalatlantic.com . POSITION SUMMARY The Vice President,
Annuity Product Development (Retail) will be key part of Individual
Market Team, engaging in product development and innovation,
helping to fuel next leg of sales growth. This position is for a
leadership position on the Annuity Product Development team,
responsible for developing and pricing new annuity products with
the objective of achieving sustainable competitive advantage with
an industry leading product portfolio. This individual will engage
with key internal and external stakeholders across multiple
functions to proactively find creative solutions to the
opportunities and challenges faced in today’s retirement market
across multiple distribution channels. The successful candidate
will report to the Director, Individual Markets and can be located
in either out Hartford, CT, Des Moines, IA, or New York, NY
offices. An important component of the role will be effective
collaboration and communication across Individual Markets as well
as investments, risk, hedging, and finance areas to manage new
business and in force profitability, product competitiveness and
sales growth. The successful candidate will also collaborate with
KKR to enhance our combined capabilities to design and launch new
solutions to the marketplace. Knowledge of insurance, investments,
finance, actuarial and hedging is critical for success. This role
will have responsibility for contributing to product strategy to
profitability grow sales and manage in force profitability and will
be accountable for communication across business areas and the
overall execution of products within our retail franchise. The
successful candidate needs a demonstrated ability to think both
creatively and strategically. RESPONSIBILITIES Lead timely
research, development, and robust product pricing of new solutions.
Use MG-ALFA or other modeling actuarial projection software to
develop disciplined, robust pricing models and risks analysis for
new product design ideas and modifications to current products.
Effectively balance competitive and pricing objectives to achieve
overall company objectives. Implement best practices in pricing
methods, automation, organization, and documentation to improve
overall efficiency and quality of product development efforts.
Ensure product designs fit the desired risk/profitability profile
and policy forms provide sufficient levers to effectively manage
product profitability post-issue. Collaborate with the Annuity
Product Implementation team during the implementation of new
products, responsibilities include supporting state & prospectus
filing, marketing, and sales illustration. Collaborate with the
Inforce Pricing team to set rates on new products and effectively
incorporate new products into the product management processes.
Communicate with peers in product, risk management, investments,
marketing, legal & operations. Develop and maintain industry
knowledge including economic, regulatory, and competitive
environments to support development of new products. QUALIFICATIONS
Bachelor’s Degree in Actuarial Science, Math, Statistics, Computer
Science, Physics or Engineering required Five plus years of
experience in the annuity/life insurance industry is preferred,
product development experience preferred Five plus years’
experience in programming financial models in any actuarial
modelling software (R3S, Prophet, Axis or MG Alfa), or other
programming language such as Python, C/C++ or Java Fellow of the
Society of Actuaries Demonstrated ability to think creatively,
strategically and champion product throughout Global Atlantic and
our distribution partners taking into account company profitability
and consumer value. Demonstrated ability to lead projects and
seamlessly navigate matrixed organizations. Experience leading
Product strategy development, financial analysis, and product
innovation. Leadership experience and knowledge of insurance,
capital markets and risk. Track record of product innovation and
raising liabilities at attractive funding costs. Detailed
understanding of product vehicles, legal and other regulatory,
structures, and unique investment requirements of retail products
(registered and unregistered). Good communication skills and
ability to influence senior levels of the organization.
Demonstrated ability to align internal and external resources to
partner for successful outcomes. The ability to coach, mentor and
share knowledge with others in the organization. Must be able to
travel occasionally to other offices (i.e. Des Moines, Hartford,
New York, Wayne (PA)) Experience designing business cases and
successful implementation strategy. This is the expected annual
base salary range for this Boston-based position. Actual salaries
may vary based on factors, such as skill, experience, and
qualification for the role. Employees may be eligible for a
discretionary bonus, based on factors such as individual and team
performance. Global Atlantic EEOC Statement Global Atlantic is an
equal opportunity employer. Individuals seeking employment are
considered without regard to race, color, religion, national
origin, age, sex, marital status, ancestry, physical or mental
disability, veteran status, sexual orientation, or any other
category protected by applicable law. Base Salary Range $150,000 -
$190,000 USD Privacy Statement Our employees are in the office 5
days per week in New York and 4 days per week in all other offices.
If you have questions on this policy or the application process,
please reach out to benefits@gafg.com Global Atlantic reserves the
right to modify the qualifications and requirements for this
position to accommodate business needs and regulatory changes.
Future adjustments may include obtaining specific licenses or
certifications to comply with operational needs and conform to
applicable industry-specific regulatory requirements, state and
federal laws.
Keywords: Global Atlantic Financial Group, Des Moines , VP, Annuity Product Design, Accounting, Auditing , Des Moines, Iowa