Mutual Opportunities
Annuity Product Management Consultant
Springfield, Massachusetts; Boston, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
Annuity Product Management Consultant
Full-Time, Springfield or Boston
The Opportunity
Drive implementation of new annuity products, features, enhancements and capabilities. Role will help drive all aspects of the implementation efforts from start to post launch. This includes development of product specs, business requirements, testing and delivery of product to the marketplace. Act as owner and SME throughout the product implementation and deployment process. Work collaboratively and communicate effectively across all functions of the business including sales, marketing, operations, ETX/IT, law and compliance. Provide ongoing support for product management efforts for in force business as well as new development working closely with the annuity product management and implementation leads.
The Team
The annuity product team drives all product development and management of a rapidly growing business. MM Annuity has grown to be a top 5 player and the product team has a strong team consisting of actuarial and non-actuarial resources. It is a very collaborative and team oriented environment where everyone works together, supports one another and harnesses to broad skill sets across the team in an effort to reach the best outcomes.
The Impact:
This position plays a critical role in in the design and execution of new products. MassMutual Annuity has seen significant growth and this role is important in collaborating with teammates and business partners to achieve the strategic objective of offering a well rounded product suite to meet the diverse needs of our distributors and customers
Your responsibilities will include but not limited to:
Overseeing the entire implementation lifecycle, from product specs to post implementation support, ensuring project goals and timelines are met
Leading and coordinating cross-functional teams, including Pricing, Marketing, Sales, Compliance, Legal, Operations, State Filing and ETX/IT to ensure a unified and efficient implementation process
Developing a thorough understanding of the product being implemented, including its features, functionality, and how it addresses client’s needs
Utilize competitive research to find ways to enhance the annuity product suite
Act as product SME for sign-off on contracts, Illustrations, marketing, and training materials while acting as a resource to answer product-oriented questions
Collaborating with leadership to establish product KPI’s, identify product enhancements, and contribute to the overall product vision and strategy
The Minimum Qualifications
7+ years relevant product experience
1+ year experience communicating & presenting new ideas to sales partners and senior leadership including ability to assist with product specifications drafting
1+ year of experience of financial services value chain including product, distribution, marketing, IT and operational/service capabilities
1+ year experience working through detailed product implementation work including specifications development, act as subject matter expert and support product testing
The Ideal Qualifications
Strong verbal and written communication skills, ability to present new ideas to sales partners and senior leadership including ability to assist with product specifications drafting
Ability to work cross-functionally to reconcile competing priorities while meeting organizational objectives
Strong grasp of financial services value chain including product, distribution, marketing, IT and operational/service capabilities
Working knowledge of overall retirement landscape and research outlets that provide insight into consumer needs
Ability to analyze and apply competitive information to define new product opportunities and support a business case
Strong business acumen and understanding of how annuities make money and risks posed by the product
Sound business judgment in an environment of rapid change - ability to respond to changes in direction, tight deadlines and high-pressure situations
Comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to a problem
Takes ownership and is results-oriented
What to Expect as Part of MassMutual and the Team
Regular meetings with the Annuity Product Team
Focused one-on-one meetings with your manager
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
#LI-RS1
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $131,100.00-$172,000.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to build a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
New Job Openings
Sign up for job alerts
Don't see what you're looking for? Sign up for job alerts and we'll notify you when jobs become available.
Job recruiter fraud is a scam by impostors posing as recruiters or representatives of a company promoting fake job opportunities to job seekers.
MassMutual will never ask job candidates to pay any kind of fee, make cash or check advancements, cash checks or make an investment in any product or service or provide information such as credit card numbers or banking PIN numbers as part of our hiring process.
If you are contacted by anyone asking for information outlined above, it is likely fraudulent. If you have any concerns about the veracity of a request, please contact us to verify its legitimacy.
Share This Job