Director, Product Concept Development

Who We Are

At 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 act   decisively 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.

Who You’ll Work With

The individual retirement product development team is responsible for determining the “what” and the “why” of solutions that we choose to bring to market. Specifically, what is the solution and the needs that it is solving for Corebridge key stakeholders, and why does this solution make sense for Corebridge to deliver.

About the role

The Director, Product Concept Development, is responsible for taking product concepts from the innovation/ideation phase and building out comprehensive product specifications that serve as the single source of truth through the product life cycle. This individual will work closely with the rest of the product team to address open design questions and tailor the product design to both meet regulatory requirements and simplify the design for administrative purposes (where possible and appropriate).  The Director of Product Concept Development will have overall responsibility for maintaining the product specification library and ensuring that product documentation remains up to date and accurate. Additionally, this individual be accountable for ensuring that handoff dates are met and product delivery is on time and products launched maintain the integrity of what was intended when designed. This individual will also consult with cross functional team to assist in formalizing launch plans and scope as well as creating a glide path for future enhancements.

Responsibilities

• Partner with product development innovation lead gain understanding and turn early-stage scoping documents into product specifications  
• Draft specifications in a way that can be easily translated into contract forms to streamline drafting and filing timelines
• Partner closely with business analysts and cross-functional teams to flesh out open product design items and close out open items in a timely manner to ensure on time delivery
• Understand and be able to articulate overall positioning and rationale for product design and decisions that were made in the design phase
• Maintain clear and searchable records of decisions and rationale (supporting documentation) to inform future business decisions
• Operate with a level of skepticism when intaking and developing new concepts to “break” the concept and root out issues
• Support the downstream product lifecycle from implementation to post launch support as necessary
• Maintain key focus of product development efforts on concepts that enhance stakeholder value

Requirements

• 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 leverage resources to formulate and challenge hypotheses and arrive and conclusions quickly
• 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
• Strong relationship skills
• Natural collaborator with the ability to bring various functions together to drive decisions
• Ability to think like a business owner
• Contract drafting and filing experience a plus

Compensation

The anticipated base salary range for this position is $120,000 to $140,000 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.

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 Employer

Corebridge 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

Functional Area:

OP - Operations

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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