Director, Product Development

Who We AreAt Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and actdecisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

About The Role

The Director, Product Development, Innovation is responsible for concept initiation and development by partnering with cross functional internal teams as well as discussions with Broker Dealer partners and asset managers to identify future growth opportunities for Corebridge. Opportunities for growth may come through enhancement to existing offerings, creation of new solutions for broad scale distribution, creation of new solutions for focused distribution, as well as “piloting” of innovation in a “test and learn” environment. The Director, Product Development, Innovation will be focused on product differentiation and introducing elements to our product suite that are unique to Corebridge to drive sales and help create advisor loyalty through Corebridge product offerings. This individual will be responsible for early-stage concept documentation and positioning ensuring product solutions being proposed meet a customer need and will deliver a measurable result for Corebridge. The Director, Product Development, Innovation partner with cross functional teams to socialize initiatives and collect feedback to help influence both design elements (where appropriate) and assessing feasibility and viability to prioritized initiatives. Additionally, this individual will help determine key measures of success for initiatives that move forward, as well as monitoring success measures for solutions in market to determine if there are opportunities to sunset solutions that either are not resonating in the market or are at the tail end of their product life cycle. This individual will be responsible for growing and maintaining the product concept pipeline and ensuring that we are moving initiatives forward that meet the evolving needs of the business as well as the broad annuity market and financial services industry.

Responsibilities

• Maintain key focus of product development efforts on concepts that enhance stakeholder value

• Develop early-stage product concept documentation that will both help to socialize new initiative work and will evolve through the iterative product development process

• Partner closely with functional counter parties to navigate both the feasibility and viability phase of the product development lifecycle

• Organize and maintain the product concept pipeline and ensure items remain up to date, and concepts are defined enough to be moved forward if prioritized 

• Maintain clear and searchable records of decisions and rationale’ (supporting documentation) to inform future business decisions

• Onboard and drive adoption of innovation management tools and resources and help facilitate the innovation process and any applicable internal and external ideation crowdsourcing and campaign work

• Operate with a level of skepticism when intaking and developing new concepts in an effort to “break” the concept and root out issues

• Support the downstream product lifecycle from implementation to post launch support as necessary

Skills and Qualifications

• Bachelor’s degree in business, tax, financial services or related studies

• Minimum of 10+ years of annuity industry experience

• Understanding of annuity functional impacts to new product development work - anticipate issues and contemplate solutions  

• Working knowledge of annuity industry operational processes

• Ability to perform quantitative and qualitative analysis of new product development initiatives

• Strong executive presence

• Experience in leading without authority and influence change across an organization

• Deep understanding of the annuity market, annuity products, annuity sales process, sales drivers, internal business process flows and administrative platforms

• Ability to identify business risks and concerns while evaluating product concepts – early engagement with controls functions

• Demonstrated creative problem solving

• Strong relationship skills

• Natural collaborator with the ability to bring various functions together to drive decisions

• Ability to think like a business owner

• Actuarial background a plus

Compensation

The anticipated base salary range for this position is $110,000 to $115,000 at the commencement of employment.Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

This position is based in Corebridge Financial’s Woodland Hills, CA office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. Open to Houston, TX or Jersey City, NJ.

Estimated Travel

Minimal travel

Why Corebridge?At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity EmployerCorebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

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