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Annuity Product Development Jobs (NOW HIRING)

Foresters Financial

Director, Annuity Product Analysis

$238K - $249K/yr

Lead a team of annuity product analysts responsible for the development of detailed plan designs and detailed product specification documents for all new products, product enhancements, and in-force ...

American Equity

Counsel, Product

Des Moines, IA · On-site

Counsel is responsible for providing in-house legal advice and guidance, with primary focus on the development and filing of retail and institutional annuity products, annuity product distribution ...

American Equity

Counsel, Product

Des Moines, IA

Counsel is responsible for providing in-house legal advice and guidance, with primary focus on the development and filing of retail and institutional annuity products, annuity product distribution ...

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All JobsAnnuity Product Development Jobs

Annuity Product Development information

See salary details

$42.5K

$127K

$144.5K

How much do annuity product development jobs pay per year?

As of Jun 9, 2026, the average yearly pay for annuity product development in the United States is $126,987.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,500.00 and $143,000.00 per year, depending on experience, location, and employer.

What is the difference between Annuity Product Development vs Annuity Underwriting?

AspectAnnuity Product DevelopmentAnnuity Underwriting
Primary FocusDesigning and creating new annuity productsAssessing risk and approving individual annuity applications
Required SkillsProduct design, actuarial analysis, regulatory complianceRisk assessment, underwriting guidelines, customer evaluation
Work EnvironmentCollaborative teams with actuaries, product managersUnderwriting departments, customer service teams
CertificationsActuarial credentials often preferredActuarial credentials, underwriting certifications

While Annuity Product Development focuses on creating new products and ensuring they meet market needs, Annuity Underwriting involves evaluating individual applications to determine risk and eligibility. Both roles require actuarial knowledge and work within insurance companies, but they serve different stages of the product lifecycle and customer engagement.

What are the key skills and qualifications needed to thrive in Annuity Product Development, and why are they important?

To thrive in Annuity Product Development, you need expertise in actuarial science, financial modeling, and a solid understanding of insurance regulations, typically supported by a degree in finance, mathematics, or actuarial studies. Proficiency with actuarial software (such as GGY AXIS or Prophet), data analytics tools, and familiarity with regulatory compliance systems is essential. Strong analytical thinking, collaboration, and effective communication skills help drive innovation and facilitate cross-functional teamwork. These competencies are crucial for designing competitive, compliant annuity products that meet market demands and organizational goals.

What is annuity product development?

Annuity product development is the process of designing, creating, and refining annuity products offered by insurance companies. This involves researching market trends, assessing customer needs, working with actuaries to determine pricing, and ensuring products comply with regulatory requirements. Professionals in this field collaborate with marketing, legal, and IT teams to bring new or improved annuity offerings to market. Their work helps ensure that annuity products are competitive, profitable, and meet the financial goals of customers.

What is an annuity job description?

An annuity product development job involves designing, analyzing, and managing annuity products offered by insurance companies. Responsibilities include actuarial modeling, financial analysis, and ensuring compliance with regulations, often requiring knowledge of insurance principles and proficiency with actuarial software. The role typically requires strong analytical skills and relevant certifications such as ASA or FSA.

What are some common challenges faced by professionals in annuity product development, and how can they be addressed?

Professionals in annuity product development often encounter challenges such as balancing regulatory compliance with innovative product features, staying ahead of evolving customer needs, and coordinating across actuarial, marketing, and legal teams. Adapting quickly to regulatory changes and ensuring products remain competitive requires strong collaboration and ongoing market research. Building strong cross-functional relationships and maintaining open communication channels can help address these challenges, as can continuous professional development to stay informed about industry trends and regulatory updates.
Infographic showing various Annuity Product Development job openings in the United States as of May 2026, with employment types broken down into 33% Full Time, and 67% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $126,987 per year, or $61.1 per hour.

AVP, Annuity Product Development & Strategy

Fidelity & Guaranty Life Insurance Company

Des Moines, IA

Full-time

Posted 3 days ago

Job description

Job Summary

The AVP, Annuity Product Development & Strategy is accountable for managing the research and development of products for F&G's Retail Annuity product portfolio, along with maintaining a competitive product portfolio that supports the execution of strategic goals for the Retail organization. This role leads market research, competitive analysis, and development and design initiatives, ensuring F&G's product offering remains competitive and aligned with customer needs and market dynamiics

This position will report to the VP, Retirement Product Officer and will have two direct reports

Duties and Responsibilities

  • Product Strategy and Development
    • Collaborate with the Retail Senior Leadership Team to identify innovative product concepts to be considered for the product roadmap.
    • Ensure robust due diligence process to conduct in-depth analysis along with appropriate concept testing.
    • Effectively communicate value proposition of product concepts prior to moving through the product development process.
    • Develop close working relationships with key external distribution partners and an understanding of their business models, product needs and partnership opportunities.
    • Recommend product strategy and relevant concepts in support of strategic goals
  • Stakeholder Collaboration and Governance
    • Maintain strong working relationships with internal business partners to collaboratively manage workflow between functional areas in order to more effectively achieve strategic objectives
    • Work closely with cross-functional stakeholders to ensure objectives for each product development stage are met and are aligned with both product and enterprise goals. This is inclusive of deliverables from pricing, sales and distribution, marketing, underwriting, illustration development, legal & compliance, operations, IT, and other impacted business capabilities needed to design and implement product
    • Oversee product development and ideation. Successfully partner with key stakeholders throughout the life cycle of the product, or table development activity if deemed appropriate by Retail leadership. Ensure communications around development timelines, hurdles, or milestones are effectively distributed among project stakeholders, senior leaders and any external partners.
    • In coordination with subject matter experts, develop business cases, product concepts, strategic roadmaps, and go-to-market strategies to facilitate informed decision-making and lead to successful product launch
    • In partnership with Retail leadership, monitor the health of product portfolio and success of product launch activity
    • Collaborate with the Retail team to advocate for business segment priorities and advise on current and upcoming development efforts
  • Market Intelligence and Regulatory Compliance
    • Leverage market intelligence insights to inform product development strategies, including data driven prioritization of new business opportunities and optimization of competitive positioning
    • Partner closely with sales, marketing, distribution, and product teams to translate market and competitive insights into actionalable recommendations that shape product design, pricing strategies, and go-to-market approaches
    • Lead competitive intelligence efforts by tracking and analyzing competitor product launches, feature enhancements, pricing changes, and market positioning to proactively identify threats and opportunities for F&G's retail annuity portfolio. Coach and mentor team members responsible for data collection and analysis, ensuring consistent delivery of timely, relevant, and actionable market iinsights to senior leadership
    • Proactively monitor the regulatory landscape to address and respond to regulatory issues to develop and execute any necessary product or operational changes to adhere to regulatory requirements
    • Maintain active participation in industry committees and study groups to be aware of market dynamics, regulatory trend,s and emerging trends that will influence F&G's product strategy and portfolio

Experience and Education Requirements

  • Bachelor's degree or commensurate experience required
  • 10+ years progressively more responsible experience in the financial services industry with a concentration on annuity products, with at least 5 years in annuity product development or management
  • Strong understanding of product functionalities and various distribution models for annuities required
  • Experience with developing Business Case/Cost-Benefit Analysis and Go-To Market Plans is required
  • Strong understanding of the various business functions within a life insurance and annuity manufacturer required
  • Working knowledge of the annuity marketplace required
  • Strong understanding of the annuity regulatory environment required

Knowledge, Skills & Abilities

  • Demonstrated leadership abilities, including requisite communications skills (verbal, written, and presentation)
  • Demonstrated ability to develop and mentor team members through coaching, feedback, and professional development opportunities
  • Strong interpersonal skills – the ability to collaborate with a wide range of teams and individuals to achieve a common goal
  • Demonstrated understanding of various annuity markets, distribution partners, products and product categories, and insurance operations along with the ability to address the various stakeholder needs within a compelling Business Case
  • Ability to seek and analyze data/information from a variety of sources to arrive at the best decisions and to align others with the organization's overall strategy
  • Ability to demonstrate creative problem-solving skills and strong business acumen
  • Ability to lead and excel in a fast-paced production environment while addressing multiple projects and responsibilities
  • Unconditional integrity and commitment to delivering accurate information on schedule
  • Appropriate priority setting, resource assessment, and delivery management

Other Requirements

  • Perform other functions, duties and projects as assigned
  • Regular and punctual attendance
  • Ability to travel up to 10%

#LI-Remote #LI-MB1

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life's unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

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