AVP, Product Development for Registered Indexed Linked Annuities

Date: Feb 1, 2024

Primary Location: Hartford, CT, US

Company: Lincoln Financial

Alternate Locations: Hartford, CT (Connecticut); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Radnor, PA (Pennsylvania)


Work Arrangement:

Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.


Relocation assistance:  is not available for this opportunity.


Requisition #: 72590


The Role at a Glance

As the AVP, Product Development for Registered Indexed Linked Annuities, you are responsible for driving product discovery, design and development for the registered indexed linked annuity (RILA) business by partnering across various areas of the company as well as externally.
This position will: 
•    leverage relationships with third parties and internally to drive product discovery and design in respect to new strategies for the product line or new markets 
•    take the lead in working closely with various teams including pricing, distribution, marketing, legal/state filing, and implementation to design & deliver solutions to market 
•    play a key role in setting crediting rates each month for the RILA products
•    be responsible for inforce management from a product perspective (non-actuarial) 
•    assist in developing the short- and long-term product strategy and as such requires situational awareness of the market


Do you have a proven record of developing product solutions focused on RILAs or similar solutions as well as a strong understanding of the annuity market and adjacent markets?  This position could be for you ! 


This role requires strategic thinking, strong relationships, and ability to execute effectively.  This is not a project manager role. 

What you'll be doing

•    Provides specialized expertise to develop, create, implement and execute the business strategy for expansion into new markets while diversifying the business line product portfolio.
•    Partners with Senior Management and influences the strategic direction of a competitive product and solution set for new markets and develops the solutions to bring to market.
•    Partners with Pricing and Business Line Leaders to analyze product solutions.
•    Serves as a contributor to the risk management process across their area of responsibility, analyzing potential impacts to LFG’s risk management programs, product pricing, business mix and assets under management.
•    Contributes to strategy to expand the pipeline of future products through innovation initiatives, identifying viable solutions in support of the strategic plan to diversify the business line product portfolio.
•    Responsible for all aspects of product development including discover, design, develop and deliver.
•    Ability to assess the market and adjacent markets to discover solutions for the business and then take those ideas to determine viability for our product portfolio.
•    After assessing and discovering solutions for the business, lead the design and develop aspects of the process. This would entail engaging stakeholders and partnering with teams to conduct research.
•    Leverages and establishes relationships outside of the company to engage with discover work for the product portfolio.

What we’re looking for

•    4 Year Bachelor's degree or 4+ years of experience of equivalent work experience 
•    10+ Years experience in a similar role in the insurance industry. (Required)
•    Strong presentation skills with demonstrated ability to influence at all levels of management through clear, informed and logical discussions/presentations.
•    Demonstrates ability to communicate knowledgeably and credibly with senior management and internal constituents.
•    Excellent written and verbal communication skills.
•    Ability to solve problems and deal with a variety of concrete variables in situations where only limited standardization exists.
•    Ability to think critically, analyze information and to evaluate the implications of a course of action or solution.
•    Demonstrated ability to identify, develop and implement process improvements.
•    Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches.  
•    Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook). 


What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.


What’s in it for YOU:

  • A clearly defined career framework to help you successfully manage your career

  • Leadership development and virtual training opportunities

  • PTO/parental leave

  • Competitive 401K and employee benefits

  • Free financial counseling, health coaching and employee assistance program

  • Tuition assistance program

  • A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations

  • Effective productivity/technology tools and training


Pay Range: $118,300 - $195,800 


Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees.  In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual.  Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.


About The Company

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of Dec. 31, 2022, approximately 16 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection and retirement plan services. As of September 30, 2023, the company had $290 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.


Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. 


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Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview.  Please contact Lincoln's fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.


Additional Information

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.


Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.


Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.


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