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R20036895_8 - Lead Product Manager-IRA

Company: TransAmerica Life Insurance Company
Location: Plano
Posted on: November 18, 2021

Job Description:

Description : Job Description Summary Drives long-term strategy by researching and designing products for the individual retirement account (IRA) markets, from inception to launch. Manages existing product portfolios to ensure profitable sales. Job Description Responsibilities * Lead the analysis of market trends and competitive landscape to discern product opportunities and translate market conditions into valid value positions. * Research and guide potential market opportunities; build the business case for product innovations by gathering distribution and consumer feedback, reviewing industry sales trends, and understanding demographic shifts/consumer preferences. * Lead team efforts to define product features, competitiveness, profitability, sales goals and launch date. Drive collaboration across all functional areas as needed. * Conduct feasibility studies, research and development (R&D), and participate in labs to evaluate ideas. Drive collaboration with sales and margin analytics team and other business groups to conduct hypothesis testing and opportunity sizing; develop capabilities based assessments (CBA) and execution approach. * Partner with distributors, Marketing, Finance, IT and other key stakeholders to recommend product features, competitiveness, profitability, sales goals and launch dates. * Negotiate needs and bring consensus/closure to issues, and facilitate decisions on new business portfolio issues. * Ensure customer centric product ideas are efficiently sourced and prioritized. Work with pricing, marketing, sales and operations teams to build a strong pipeline for future product enhancements. * Collaborate with distribution partners, including retail, wholesale, TPA's and outside vendor organizations as needed. * Develop and deliver presentations to communicate research outcomes; provide R&D results to senior management and peers to highlight strategic recommendations for new products and enhancements. * Provide mentorship to peers regarding the product process, product development and product ideation. Qualifications * Bachelor's degree in a business related field or equivalent experience. * Six years of product development experience in the retirement industry. * In-depth knowledge of IRAs. * In-depth knowledge of IRA sales and marketing techniques. * Understanding of profitability metrics. * Analytical skills and attention to detail to perform market analysis, customer research, opportunity sizing, profitability assessments, and risk/legal/compliance assessments. * Communication and interpersonal skills to educate audience and advocate recommendations with team members and stakeholders at all levels of the organization. * Decision making skills to create scope and content for consumer market research, and use insights to develop product design and features. * Strategic thinker and facilitation skills. * Leadership and coaching skills to mentor peers and guide team members. * Presentation skills to provide research data and recommendations to senior leadership. * Advanced proficiency in MS Office (Excel, PowerPoint, Word). * Willingness to pursue and complete higher education/professional designations. Preferred Qualifications * Knowledge of managed account investment advisory solutions * Professional designations (e.g. CIS, CISP, CIP, CFA, ChFC, CFP, MBA, PMP) Working Conditions * Office environment. * Occasional travel.

Keywords: TransAmerica Life Insurance Company, Plano , R20036895_8 - Lead Product Manager-IRA, Executive , Plano, Texas

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