VP, Annuity Product Design

About Global Atlantic

Global Atlantic is a leading provider of retirement security and investment solutions with operations in the U.S., Bermuda, and Japan. As a wholly-owned subsidiary of KKR (NYSE: KKR), a leading global investment firm, Global Atlantic combines deep insurance expertise with KKR’s powerful investment capabilities to deliver long-term financial security for millions of individuals worldwide. With a broad suite of annuity, preneed life insurance, reinsurance, and investment solutions, Global Atlantic, through its issuing companies, helps people achieve their financial goals with confidence.

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The Vice President, Annuity Product Development (Retail) will be a key part of the Individual Market Team, engaging in product development and innovation, helping to fuel the next leg of sales growth. This leadership role is responsible for developing and pricing new annuity products with the objective of achieving sustainable competitive advantage with an industry-leading product portfolio. The candidate will engage with internal and external stakeholders across multiple functions to proactively find creative solutions to opportunities and challenges in today's retirement market across multiple distribution channels.

The successful candidate will report to the Director of Individual Markets and may be located in Hartford, CT;
Des Moines, IA; or New York, NY offices. This role requires effective collaboration across Individual Markets, investments, risk, hedging, and finance areas to manage new business and in‑force profitability, product competitiveness, and sales growth. The candidate will also collaborate with KKR to enhance combined capabilities for designing and launching new solutions to the marketplace.

Knowledge of insurance, investments, finance, actuarial, and hedging is critical. The role will contribute to product strategy, profitability, and growth, and will be accountable for communication across business areas and overall execution of products within our retail franchise.

• Lead timely research, development, and robust product pricing of new solutions.
• Use MG‑ALFA or other modeling actuarial projection software to develop disciplined, robust pricing models and risk analysis for new product design ideas and modifications to current products.
• Effectively balance competitive and pricing objectives to achieve overall company objectives.
• Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of product development efforts.
• Ensure product designs fit the desired risk/profitability profile and that policy forms provide sufficient levers to manage product profitability post‑issue.
• Collaborate with the Annuity Product Implementation team during implementation of new products, supporting state & prospectus filing, marketing, and sales illustration.
• Collaborate with the Inforce Pricing team to set rates on new products and integrate them into the product management processes.
  
  Communicate with peers in product, risk management, investments, marketing, legal & operations.
• Develop and maintain industry knowledge including economic, regulatory, and competitive environments to support development of new products.

• Bachelor’s Degree in Actuarial Science, Math, Statistics, Computer Science, Physics, or Engineering required.
• Five plus years of experience in the annuity/life insurance industry preferred; product development experience preferred.
• Five plus years’ experience programming financial models in actuarial modeling software (R3S, Prophet, Axis, MG Alpha) or in languages such as Python, C/C++, or Java.
• Fellow of the Society of Actuaries.
• Demonstrated ability to think creatively, strategically, and champion products throughout Global Atlantic and with distribution partners, considering profitability and consumer value.
• Ability to lead projects and navigate matrixed organizations.
• Experience leading product strategy development, financial analysis, and product innovation.
• Leadership experience and knowledge of insurance, capital markets, and risk.
• Track…