Senior Manager, Annuity Product Management

Fidelity • Boston, MA

15h

About The Position

Based in Boston, the Senior Manager of Annuity Product Management is a key member of Fidelity Investments Life Insurance's growing product team. The role supports the management and enhancement of the annuity product lineup to deliver value to Fidelity customers, focusing on in-market product management and execution while supporting ongoing product development initiatives. The Senior Manager partners with Directors of Product Management, cross-functional teams, and external partners to manage products day to day and drive enhancement initiatives, keeping products competitive, well-positioned, and aligned with customer needs and business objectives. Strong knowledge of individual fixed and variable annuity products is required.

The role manages existing products and coordinates enhancements across teams, while contributing annuity expertise, customer perspectives, and industry insights to FILI's product roadmap and other insurance-related initiatives. It is part of a newly formed, growing FILI Product Team that develops and manages annuity and life insurance products intended to help Fidelity customers achieve lifetime financial goals.

Requirements

• Bachelor's degree required.
• At least 5 years of proven annuity and insurance experience, including developing, launching, and managing annuity products.
• Deep product expertise in annuities.
• Strong communication skills, including the ability to explain complex and technical concepts to stakeholders at different levels.
• Strong project management skills and experience influencing cross-functional groups without authority.
• Ability to manage multiple competing priorities.
• Strong critical thinking and decision-making skills using data-driven insights.
• Knowledge of financial services products and the role of annuities in retirement planning.
• Foundational understanding of annuity products, including familiarity with annuity mechanics, riders, taxation, and suitability rules.
• Self-starter able to assess what work needs to be completed and how to get it done.
• Ability to build and maintain positive relationships and collaborate across teams.
• Expertise in Microsoft Excel and strong user skills with other Microsoft products.

Nice To Haves

• Experience with life insurance and group annuity products.
• Existing FINRA registrations or licenses may be maintained as permitted under Fidelity's Licensing and Registration Policy; the role does not currently require them.

Responsibilities

• Maintain detailed product specifications and collateral in collaboration with product actuaries, compliance, technology, and other cross-functional teams.
• Review contracts, riders, and prospectus language for consistency with product specifications.
• Partner with Operations, Actuarial, Compliance, and other teams on maintenance of annuity forms.
• Work with the Director of Product Management to deliver quarterly annuity product updates and provide market and product insights for strategic decisions.
• Partner with the Director of Product Management and the FILI actuarial team and reinsurance partners on annuity pricing rate submissions in various systems.
• Maintain and support quarterly performance reporting.
• Maintain and publish rate and sales tracking reports and analysis.
• Manage external vendor relationships involving tool access and updates, contract approval, and processing.
• Review and maintain product training materials.
• Partner with distribution to align product value propositions, methodology development, and planning and tools integration.
• Address and resolve product-related inquiries from cross-functional Fidelity stakeholders.
• Participate in product enhancement discussions with teams including distribution, actuarial, legal, compliance, operations, technology, risk, and finance.
• Coordinate and manage strategic product enhancement initiatives across cross-functional teams to support timely execution, including potential variable annuity fund additions and product feature updates.
• Collaborate with distribution to update training and marketing materials for product enhancements.
• Support product training for customer-facing advisors, if needed.
• Contribute annuity product expertise, customer perspectives, and industry market insights to the development of innovative offerings for FILI's product roadmap.
• Act as a subject matter expert on Fidelity insurance-related initiatives.
• Assess the industry landscape, trends, and customer needs to contribute to market intelligence.
• Collaborate with teams across Fidelity on insurance-related projects.

Benefits

• Comprehensive health care coverage.
• Emotional well-being support.
• Market-leading retirement benefits.
• Generous paid time off.
• Parental leave.
• Charitable giving employee match program.
• Educational assistance, including student loan repayment, tuition reimbursement, and learning resources for career development.
• Depending on position and eligibility, the offer package may include bonus or other variable compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior