Senior Manager, Product Management

Fidelity Investments • Boston, MA

9d • $89,000 - $180,000

About The Position

The Senior Manager of Annuity Product Management is a key member of Fidelity Investments Life Insurance’s growing product team, based in Boston. The role supports management and enhancement of the annuity product lineup, focusing on in-market product management and execution while contributing to ongoing product development. The Senior Manager partners with product management leaders, cross-functional teams, and external partners to keep products competitive, well-positioned, and aligned with customer needs and business objectives. Strong knowledge of individual fixed and variable annuity products is expected.

The role manages existing annuity products, including product specifications and collateral, contract and prospectus review, annuity form maintenance, product updates, pricing submissions, performance and sales reporting, vendor relationships, training materials, and coordination with distribution. It also supports product enhancements and strategic initiatives across functions, including potential fund additions and feature updates, and contributes annuity expertise, customer perspectives, and market insights to product development and other insurance-related initiatives.

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 decision-making skills, using data-driven insights.
• 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 able to identify needed work and determine how to complete it.
• 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 annuities.
• Existing FINRA registrations or licenses may be maintained as permitted under Fidelity’s Licensing and Registration Policy; they are not currently required for this role.

Responsibilities

• Maintain detailed product specifications and collateral with 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 teams to maintain annuity forms.
• Work with the Director of Product Management on quarterly annuity product updates and insights to inform strategic decisions.
• Coordinate annuity pricing rate submissions in various systems with the Director of Product Management, FILI’s 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 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, planning, and tools integration.
• Address product-related inquiries from cross-functional Fidelity stakeholders.
• Participate in product enhancement discussions with distribution, actuarial, legal, compliance, operations, technology, risk, and finance teams.
• Coordinate strategic product enhancement initiatives across teams to support timely execution, including potential variable annuity fund additions and product feature updates.
• Work 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 insights to development of FILI’s product roadmap and innovative product offerings.
• Serve as a subject matter expert on Fidelity insurance-related initiatives.
• Assess industry conditions, trends, and customer needs to contribute market intelligence.
• Collaborate with Fidelity teams on insurance-related projects.

Benefits

• Comprehensive health care coverage and emotional well-being support.
• Market-leading retirement benefits.
• Generous paid time off and 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 may include a bonus or other variable compensation.

What This Job Offers

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