Senior Manager, Product Development

Job Family

Product and Propositioning Marketing

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.

We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include
1) World Financial Group, including Transamerica Financial Advisors,
2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and
3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.
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Job Description Summary

As part of the Transamerica Annuity Product Development team, this role supports the development of annuity products and underlying investment options. Aligns the needs of the investor, distribution partner and shareholder to deliver meaningful solutions at a reasonable price.

Job Description

Responsibilities:

* Model cashflows of existing and new annuity product concepts and create illustrative materials to facilitate understanding across audiences ranging from project execution teams to senior executives

* Conduct advisor and customer feedback and input sessions to help ascertain the needs of investors and financial advisors

* Ideate and develop annuity products and product features that meet the needs of investors and financial advisors or that better align with the financial aspirations of Transamerica

* Perform regular and ad-hoc analysis comparing performance of various products and product features across targeted competition and broad market segments

* Perform analysis of product line financial performance and market positioning; determine key drivers and communicate conclusions to business partners.

* Generate solutions based on product line analysis; develop innovative solutions in partnership with key stakeholders (e.g. Legal, Pricing, Sales) that improve outcomes for the company and customers.

* Conduct cost benefit analysis; defend financial and strategic viability of potential product solutions.

* Educate a diverse range of audiences on Transamerica products and solutions.

Qualifications:

* Bachelor's degree in business, economics or related discipline, or equivalent insurance/finance industry experience.

* Ten years of experience in the insurance/finance industry

* Proficient knowledge of insurance products and financial concepts, preferably related to annuities, retirement and investments.

* Experience related to product development, market research or consumer testing.

* Analytical and problem-solving skills to gather, analyze and model financial data or products.

* Communication and interpersonal skills to collaborate and build consensus with business partners and stakeholders.

* Presentation skills to communicate complex proposals to a wide range of audiences.

* Proficiency using MS Office tools.

Preferred Qualifications:

* Relevant experience in investments, actuarial and/or marketing roles.

* Relevant experience with programming, visualization and/or CRM systems.

Working Conditions:

* Hybrid (Tuesday - Thursday)

* Occasional travel to meet with stakeholders.

The Salary for this position generally ranges between $122,000 - $150,000 annually. Please note that the salary range is a good…