Senior Manager, Product

Position Purpose

The Senior Manager, Product is responsible for effectively and efficiently managing all aspects of the product lifecycle and setting the product strategy for the US, including research, design, planning, development, implementation and maintenance. The role will be product ownership of all Sagicor products, working closely with actuarial, finance, investment and sales in rate setting, product mix, capital management, lapse management, and economic impact projections. There will be specific emphasis on understanding the Annuity market environment and competitive issues, especially Fixed Index Annuity (FIA). An innovative and fiscally responsible approach is required in order to bring new products to market.

Duties/Responsibilities

• Lead competitive analysis and reporting and use that analysis to determine product strategy
• Effectively communicate and collaborate with all constituents across the organization, including Actuarial, Technology, Compliance/Legal, Sales, Marketing and Operations in product development, execution, and management
• Management of Life and Annuity Products, from ideation to inforce management
• Support the feasibility and validation process within product development life cycle
• Present and support rate setting recommendations, both new money and inforce, to management as Committee Chair for Interest Rate Committee, using pricing, investment returns, lapse behavior and competitive/market analysis to form recommendation
• Use inforce, pricing, economic and market data in business mix recommendations, including analysis around reinsurance utilization and capital management
• Guide analysis performed by actuarial team to ensure accuracy and actuarial logic based on market environment
• Assist in the implementation of new products or enhancements/changes to existing products, working closely with product filing and compliance, and managing product specification and pricing documents
• Ensure accuracy of product specifics and rates for marketing related materials and illustrations
• Coordination with project teams – IT, Operations, and Illustration Teams
• Complete review and signoffs at various stages of implementation: business requirements, functional specifications, user acceptance testing
• Provide support on various business-related projects, committees, and respond to ad hoc requests
• Support operational and in-force product related issues
• Provide ad-hoc-product-related support to sales organization
• Participate in industry research groups
• Must hold a valid passport within one year of expiration.

Qualifications

• Analytical and problem-solving capabilities
• Attention to detail
• Project management strengths
• Strong communication and presentation skills
• Strong organizational skills and attention to detail
• Proficiency in end-user PC applications (e.g. spreadsheet (Excel, Word, Internet)
• Ability to work well in team environment
• Has a strong sense of urgency and action-oriented focus
• Ability to function in a rapidly changing and demanding environment while managing multiple initiatives at one time a must
• Solid understanding of operational and sales functions
• Strong understanding of US annuity market required
• Product economics and financial management experience required, specifically MYGA and FIA product pricing
• Actuarial experience a plus
• 8 years’ experience in product management and/or actuarial