Director, Product Concept Development

Corebridge Financial•Los Angeles, CA

7d•Hybrid

About The Position

The individual retirement product development team is responsible for determining the “what” and the “why” of solutions that we choose to bring to market. Specifically, what is the solution and the needs that it is solving for Corebridge key stakeholders, and why does this solution make sense for Corebridge to deliver. The Director, Product Concept Development, is responsible for taking product concepts from the innovation/ideation phase and building out comprehensive product specifications that serve as the single source of truth through the product life cycle. This individual will work closely with the rest of the product team to address open design questions and tailor the product design to both meet regulatory requirements and simplify the design for administrative purposes (where possible and appropriate). The Director of Product Concept Development will have overall responsibility for maintaining the product specification library and ensuring that product documentation remains up to date and accurate. Additionally, this individual be accountable for ensuring that handoff dates are met and product delivery is on time and products launched maintain the integrity of what was intended when designed. This individual will also consult with cross functional team to assist in formalizing launch plans and scope as well as creating a glide path for future enhancements.

Requirements

Bachelor’s degree in business, tax, financial services or related studies
Minimum of 10+ years of annuity industry experience
Understanding of annuity functional impacts to new product development work - anticipate issues and contemplate solutions
Working knowledge of annuity industry operational processes
Ability to leverage resources to formulate and challenge hypotheses and arrive and conclusions quickly
Strong executive presence
Experience in leading without authority and influence change across an organization
Deep understanding of the annuity market, annuity products, annuity sales process, sales drivers, internal business process flows and administrative platforms
Strong relationship skills
Natural collaborator with the ability to bring various functions together to drive decisions
Ability to think like a business owner
Contract drafting and filing experience a plus

Responsibilities

Partner with product development innovation lead gain understanding and turn early-stage scoping documents into product specifications
Draft specifications in a way that can be easily translated into contract forms to streamline drafting and filing timelines
Partner closely with business analysts and cross-functional teams to flesh out open product design items and close out open items in a timely manner to ensure on time delivery
Understand and be able to articulate overall positioning and rationale for product design and decisions that were made in the design phase
Maintain clear and searchable records of decisions and rationale (supporting documentation) to inform future business decisions
Operate with a level of skepticism when intaking and developing new concepts to “break” the concept and root out issues
Support the downstream product lifecycle from implementation to post launch support as necessary
Maintain key focus of product development efforts on concepts that enhance stakeholder value