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Annuity Product Development Jobs (NOW HIRING)

Mutual of Omaha

Director Product Development

Omaha, NE · On-site +1

Director Product Development Apply now Job no: 504848 Work type: Full Time Regular Location: Remote ... Annuity Operating Model: Oversee operational and compliance-based processes relating to the annuity ...

Foresters Financial

Director, Annuity Pricing

Career Opportunity Role Title Director, Annuity Pricing Purpose of role This role is responsible for leading the pricing, product development support, and profitability management of the company ...

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All JobsAnnuity Product Development Jobs

Annuity Product Development information

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$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 & Actuary- IR Product Development

AVP & Actuary- IR Product Development

Corebridge Financial

Houston, TX • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 11 days ago

Corebridge Financial rating

9.3

Company rating: 9.3 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

14th of 260 rated insurance

Job description

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.

About The Role
This role AVP & Actuary, Product Development is responsible for supporting the Product Development Lifecycle from Ideation through Post-Launch Product Maintenance. The role is critical to Individual Retirement because it serves as a technical and regulatory subject matter expert for all lines of business. This individual will be responsible for front end ideation, and review supporting internal documentation, reviewing of applicable contract forms and other filed documents, as well as marketing collateral and illustrations.
This position provides Actuarial Product Development support within but not limited to the Product Team.
Responsibilities:
  • Support research and development and actuarial support function for individual annuity products
  • Collaborate in the development of Product Specifications and Guiding Principles for new products/features, including formulas and numerical examples
  • Support ideation, third party bank and asset manager relationships
  • Aid in the drafting of RFP's for new index providers and associated data collection and analysis
  • Collaborate with Contract Management & Legal teams in development, review and sign off on contract and prospectus language
  • Collaborate with the Actuarial Support Team on creating/updating hypothetical calculation tools for Annuity products
  • Support actuarial reviews of Marketing materials for annuity products
  • Create and update hypothetical calculation tools for annuity products
  • Create and support development of actuarial memoranda for new product submissions and/or sign off on submissions to regulators
  • Provide subject matter expertise and ensure compliance with product regulatory framework (SOA, NAIC, Interstate Compact, NY DFS, etc.).
  • Provide technical training for new products and features
  • Work closely with Product Management & IT teams to provide systems technical support
  • Support issues resolution function

Job Requirements
  • BA/BS plus 10+ years business experience with an emphasis on actuarial support functions in annuity line of business. Must have annuity and modeling experience.
  • FSA required
  • Excellent communication skills
  • Detailed understanding of the annuity regulatory environment
  • Experience in working with regulators and participating in industry regulatory groups
  • Ability to develop new outside relationships and effectively communicate to outside business partners, distributors and regulators
  • Knowledge of Annuity products and living benefit features
  • Proficient in Microsoft Excel, Word, PowerPoint, and Access. Knowledge of VBA is a plus
  • Strong analytical and problem-solving skills
  • Ability to work independently and as part of a team
  • Attention to detail in both work performed and presentation of work product
  • Ability to lead and manage resources required to support new product development and ongoing product management support

Compensation
Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.
Work Location
If the position is based in one of Corebridge Financials' hub offices which are Houston, TX, Jersey City, NJ. or Woodland Hills, CA office the role is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. However, we are open to considering full remote candidates outside of these areas.
#LI-SB1 #LI-SAFG #LI-Remote
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:
AC - Actuarial
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
American General Life Insurance Company

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