Annuity Product Manager

Bank of America•Jacksonville, FL

10d•Onsite

About The Position

This role will play a critical role in developing and implementing business strategy by managing platform development initiatives from idea creation through deployment including identifying customer need, designing and validating concepts, developing business cases, managing vendor negotiations and relationships, partnering with technology to analyze and write Business and Functional Requirements documentation, managing to a budget SME in coordinating and developing communications with Marketing and Training, coordinating business and Beta testers, and implementing deliverables. Maintains a thorough knowledge of systems and operations processes for platform supported. Day-to-day responsibilities include maintaining subject matter expertise for platform functionality and resolving chronic service delivery or platform issues identified by client service/support organizations. Serve as primary liaison with Program Owners, Business Channel leaders, SMEs, Technology, Operations, Client Services, Legal, Compliance Risk, and external suppliers/vendors. Associates tend to work more autonomously than their lower-level platform development counterparts. Responsible for hiring, managing, training and developing other Sr platform development managers or platform development managers.

Requirements

8+ years of experience in financial services, preferably with retirement product experience
Series 7 license required at time of hire
Life, Health, and Variable Annuity Insurance licensing or must be able to obtain in 120 days
Ability to manage complex projects and work within cross-functional teams
Superior interpersonal skills necessary to communicate complex information to a wide variety of audiences in a clear, concise and well-organized manner
Excellent relationship building skills with both internal and external partners
Influence
Problem Solving
Process Effectiveness
Production Support
Technical Troubleshooting
Agile Practices
Attention to Detail
Planning
Prioritization
Release Management
Adaptability
Change Management
Critical Thinking
Research
Usability Testing

Nice To Haves

Bachelor's degree
Strong decision-making, conflict resolution, and analytical skills
Proven experience leading strategic initiatives and managing vendors
Ability to handle multiple projects and meet deadlines
Exceptional communication and presentation skills
Client-focused, innovative, and collaborative across teams
Professional presence and ability to influence at all levels

Responsibilities

Executes strategic initiatives and manages product and platform processes supporting the Annuity product.
Focuses on leading and supporting the firm’s Annuity platform integration, while ensuring adherence to the critical control, risks and governance routines necessary to maintain regulatory compliance, and a competitive and diverse product offerings.
Responsible for cultivating strong relationships with product partners, specialists teams, Governance partners, and key distribution partners to help build awareness and increase distribution of the firm's annuity products.
This individual must be comfortable with presenting to internal governance committees and senior leadership.
This position reports to the Head of Annuity Product.
Acts as subject matter expert that possesses strong understanding of the annuity product and familiarity with the firm’s operational controls and processes.
Demonstrates strong aptitude in coordinating large scale and complex technology projects with the ability to effectively communicate complex business requirements and organizational needs.

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