Senior Manager, Annuity Product Management

Fidelity Investments•Boston, MA

2d•$89,000 - $180,000

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 management and enhancement of the annuity product lineup to deliver value to Fidelity customers, focusing on in-market product management and execution while also supporting ongoing product development. The Senior Manager partners with Directors of Product Management, cross-functional teams, and external partners to ensure effective day-to-day product management and drive enhancement initiatives. The role helps keep products competitive, well-positioned, and aligned with customer needs and business objectives. Strong knowledge of individual fixed and variable annuity products is required. The position manages existing products, coordinates enhancements across teams, contributes annuity expertise and market insights to product development, and serves as a subject matter expert on Fidelity insurance-related initiatives. The growing FILI Product Team supports development and management of annuity and life insurance products that help Fidelity customers pursue lifetime financial goals, manage retirement longevity and market volatility risks, and protect against premature death. Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Current onsite expectations vary by role and location and may evolve; the transition does not apply to fully remote roles. The base salary range is $89,000–$180,000 per year, with placement depending on responsibilities, scope, location, relevant experience, and other factors. The total compensation package may also include bonus or other variable compensation, subject to position and eligibility requirements. Fidelity offers benefits including comprehensive health care coverage, emotional well-being support, retirement benefits, paid time off, parental leave, charitable giving employee match, educational assistance, student loan repayment, tuition reimbursement, and learning resources. Fidelity will not provide immigration sponsorship for this position.

Requirements

Bachelor’s degree required.
At least 5 years of 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 data-driven decision-making skills.
Knowledge of financial services products and the role of annuities in retirement planning.
Foundational understanding of annuity mechanics, riders, taxation, and suitability rules.
Self-starter who can 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 ability 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 FINRA registrations or licenses.

Responsibilities

Maintain detailed product specifications and collateral in collaboration with product actuaries, compliance, technology, and cross-functional teams.
Review contracts, riders, and prospectus language for consistency with product specifications.
Partner with Operations, Actuarial, Compliance, and other groups on maintenance of annuity forms.
Work with the Director of Product Management to deliver quarterly product updates with market and product insights to inform strategic decisions.
Partner with the Director of Product Management on annuity pricing rate submissions in various systems, collaborating with the FILI actuarial team and reinsurance partners.
Maintain and support quarterly performance reporting.
Maintain and publish rate and sales tracking reports and analysis.
Manage external vendor relationships concerning 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 distribution, actuarial, legal, compliance, operations, technology, risk, finance, and other teams.
Coordinate and manage strategic product enhancement initiatives across cross-functional teams to ensure timely execution, including potential new fund additions to variable annuities and product feature updates.
Collaborate with distribution to update training and marketing materials for product enhancements.
Support product training for customer-facing advisors when needed.
Contribute annuity product expertise, customer perspectives, and industry market insights to 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 to support insurance-related projects.

Benefits

Comprehensive health care coverage
Emotional well-being support
Retirement benefits
Paid time off
Parental leave
Charitable giving employee match program
Educational assistance
Student loan repayment
Tuition reimbursement
Learning resources for career development
Potential bonus or other variable compensation, depending on position and eligibility