Managing Director, Chief Product Officer (Retail) - Global Atlantic Financial Group : Job Details

COMPANY OVERVIEW

Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork, and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients.

POSITION SUMMARY

The Managing Director, Chief Product Officer (Retail) will be a key part of the Individual Market Leadership Team leading product development and innovation, helping to fuel the next leg of sales growth. This leadership role will oversee the development of annuity, life products, and reinsurance products, set new business pricing, manage existing products, and lead overall product strategy for Global Atlantic Financial Group.

The successful candidate will report directly to the Co-Heads of Individual Markets and will be located in our NYC office. An important component of the role will be effective collaboration and communication across Individual Markets as well as investments, risk, hedging, and finance areas to manage new business and in-force profitability, product competitiveness, and sales growth. Knowledge of insurance, investments, finance, actuarial, and hedging is critical for success.

RESPONSIBILITIES

• Key part of Individual Markets leadership team helping to collaborate and connect across the organization.
• Assist in reimagining the product ideation process by having a deep understanding of asset characteristics and how they could inform annuity benefit and liquidity design in a modern way.
• Lead a team of product development, product pricing, and modeling actuaries.
• Lead product committee, and likely participate in other governance committees.
• Execute existing opportunities and directly partner with key leaders to define, evaluate, and recommend specific product opportunities with existing and potential distribution partners.
• Responsible for financial evaluation of strategic scenarios including financial modeling, organizational design implications, business structure, and execution frameworks.
• Develop materials and lead executive reviews of new product development and profitability management, including product, finance, and risk committees as well as CEO-level presentations.

Qualifications

• Demonstrated ability to think creatively, strategically and champion product throughout Global Atlantic and our distribution partners taking into account company profitability and consumer value.
• Demonstrated ability to lead business lines and seamlessly navigate matrixed organizations.
• Experience leading Product strategy development, financial analysis, and product innovation.
• Substantial leadership experience and knowledge of insurance, capital markets and risk.
• Track record of product innovation and raising liabilities at attractive funding costs.
• Detailed understanding of product vehicles, legal and other regulatory structures, and unique investment requirements of retail products (registered and unregistered).
• Expert communication skills and ability to influence senior most levels of the organization.
• Demonstrated ability to align internal and external resources to partner for successful outcomes.
• Experience and ability to work with operating committees and boards to inform and promote.
• The ability to coach, mentor and share knowledge with others in the organization.
• Must be able to travel occasionally to other offices (i.e. Des Moines, Hartford, Wayne (PA))
• Experience designing large-scale business cases and successful implementation strategy.
• Experience in M&A is desired but not required.

COMPENSATION

The base salary range for this role is $265,000 - $354,000 USD. Global Atlantic has offices in multiple locations, and the base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.

Global Atlantic's total rewards package includes annual cash bonuses, long-term incentives (equity), generous benefits, and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

INCLUSION AND EQUAL OPPORTUNITY

Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer, and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.

Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you require an accommodation during the hiring process or after you are hired for any protected status under the ADA, please email [email protected].