Annuity Product Development and Implementation Consultant



Springfield, MA, USA
Posted on Thursday, October 5, 2023

Annuity Product Development and Implementation Consultant

Springfield, Massachusetts Product Management Job ID R14463

Annuity Product Development & Implementation Consultant

Full-Time, Springfield or Boston office

The Opportunity

Drive development of new annuity products, features, and capabilities.  Role will help drive development and implementation efforts including creation of business cases.  This also includes development of product specs, business requirements, testing and delivery of product to the marketplace.  Act as owner and SME throughout the product development and deployment process.  Work collaboratively and communicate effectively across all functions of the business including sales, marketing, operations, ETX, 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

The Minimum Qualifications

  • Bachelors degree

  • 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

  • Working knowledge of overall retirement landscape and research outlets that provide insight into consumer needs

  • Ability to work cross-functionally to reconcile competing priorities while meeting organizational objectives

  • Comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to a problem

  • Takes ownership and is results-oriented

  • 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

  • Pricing experience is a plus

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

  • Access to mentorship opportunities

  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups


Salary Range: $118,900.00-$156,000.00 Apply

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.