AVP, Product Portfolio Manager

F&G is hiring for an AVP, Product Portfolio Manager-Protection Segment. This position is accountable for managing the development of life insurance products from ideation through implementation, along with maintaining a competitive product portfolio that supports the execution of the strategic plan for the Protection business segment. This position will report to the VP, Market Strategy and may have supervisory responsibilities.

Responsibilities

• Collaborate with the Protection Management Committee and Business Segment liaisons to identify innovative product concepts to be considered for the product pipeline.
• Ensure robust due diligence process is utilized to conduct in-depth analysis along with appropriate concept testing.
• Effectively communicate value proposition of product concepts prior to moving through the product development process.
• Maintain strong working relationships with internal business partners to collaboratively manage workflow between functional areas in order to more effectively achieve strategic objectives
• Develop close working relationships with key external distribution partners and an understanding of their business models, product needs and partnership opportunities.
• Facilitate governance processes in place to:
  • Recommend product strategy and relevant concepts in support of the strategic plan for the business segment
  • Work closely with cross-functional stakeholders to ensure objectives for each product development stage are met and are aligned with both product and enterprise goals. This is inclusive of deliverables from pricing, sales and distribution, marketing, underwriting, illustration development, legal & compliance, operations, IT, and other impacted business capabilities needed to design and implement product
  • Oversee product development from ideation through market launch. Successfully partner with implementation throughout the life cycle of the product, or table development activity if deemed appropriate by segment leadership. While not responsible for managing implementation activities,  work closely with product delivery teams, and partner with project managers to ensure communications around development timelines, hurdles, or milestones are effectively distributed among project stakeholders, senior leaders and any external partners.
• In coordination with subject matter experts, develop business cases, product concepts, strategic roadmaps, and go-to-market strategies that are comprehensive, and precise in order to facilitate informed decision-making and lead to successful product launch
• In partnership with Segment leadership, monitor health of product portfolio and success of product launch activity
• Collaborate with Retail Portfolio Management team to advocate for business segment priorities, advise on current and upcoming development efforts
• Address and respond to regulatory issues by establishing task force team to design project plan and execute any necessary product or operational changes to adhere to regulatory requirements
• Maintain active participation in industry committees and study groups to be aware of market forces and trends that will influence the company’s product strategy and portfolio

Requirements

• Bachelor’s degree or commensurate experience required
• 10+ years progressively more responsible experience in the financial services industry with a concentration on life insurance products
• Strong understanding of product functionalities and various distribution models for life insurance required
• Experience with developing Business Case/Cost-Benefit Analysis and Go-To Market Plans is required
• Strong understanding of the various business functions within a life insurance manufacturer required
• Working knowledge of the life insurance marketplace required

Other 

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Ability to travel up to 5%