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Product Development Jobs in Meriden, CT (NOW HIRING)

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Product Development information

See Meriden, CT salary details

$41.7K

$124.5K

$141.6K

How much do product development jobs pay per year?

As of Aug 18, 2026, the average yearly pay for product development in Meriden, CT is $124,460.00, according to ZipRecruiter salary data. Most workers in this role earn between $112,200.00 and $140,200.00 per year, depending on experience, location, and employer.

What is product development?

Product development is the process of creating new products or enhancing existing products to improve market value. It includes all aspects of research, design, testing, and marketing. Product development takes months or years to implement properly because marketers and analysts watch market trends over time to determine whether a product is satisfying a consumer need or want.

What is product development?

Product development is the process of creating new products or improving existing ones to meet customer needs and business goals. It involves several stages, including idea generation, market research, design, prototyping, testing, and launching the product to the market. Product development often requires cross-functional collaboration between teams like marketing, engineering, design, and manufacturing. The goal is to deliver a product that provides value to customers and stands out in the marketplace.

What are the key skills and qualifications needed to thrive in product development, and why are they important?

To thrive in Product Development, you need expertise in market research, project management, and product lifecycle understanding, often supported by a degree in engineering, business, or a related field. Familiarity with tools like Agile software, prototyping platforms, and product management systems (e.g., Jira, Trello) is typically required. Creativity, strong communication, and cross-functional collaboration are crucial soft skills for success in this role. These competencies ensure the creation of innovative, user-centric products that successfully reach the market and meet business goals.

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

Product Development professionals often encounter challenges such as balancing customer needs with technical feasibility, managing cross-functional team communication, and meeting tight deadlines. Navigating these issues typically involves clear prioritization, regular stakeholder check-ins, and fostering a collaborative environment with engineering, design, and marketing teams. Utilizing agile methodologies and maintaining open feedback channels can also help streamline processes and ensure alignment on project goals.

What is the difference between Product Development vs Product Management?

AspectProduct DevelopmentProduct Management
Primary FocusDesigning, creating, and building productsStrategizing, planning, and overseeing product lifecycle
Required SkillsTechnical skills, engineering, designMarket research, communication, leadership
Work EnvironmentEngineering teams, R&D, technical departmentsCross-functional teams, executive meetings
Common CertificationsEngineering degrees, technical certificationsProduct management certifications (e.g., PMP, Scrum)

Product Development focuses on creating and building products, involving technical and engineering tasks. Product Management involves strategizing, planning, and guiding the product's lifecycle, requiring strong market and leadership skills. While they collaborate closely, their core responsibilities differ: one builds, the other manages the product's success.

What are the most commonly searched types of Product Development jobs in Meriden, CT?

The most popular types of Product Development jobs in Meriden, CT are:

What job categories do people searching Product Development jobs in Meriden, CT look for?

The top searched job categories for Product Development jobs in Meriden, CT are:

What cities near Meriden, CT are hiring for Product Development jobs?

Cities near Meriden, CT with the most Product Development job openings:

Infographic showing various Product Development job openings in Meriden, CT as of August 2026, with employment types broken down into 89% Full Time, 7% Part Time, and 4% Contract. Highlights an 100% In-person job distribution, with an average salary of $124,460 per year, or $59.8 per hour.

Analyst, Annuity Product Development

Careers at KKR

Hartford, CT โ€ข On-site

Full-time

Re-posted 12 days ago


Job description

POSITION SUMMARY

The Analyst, Annuity Product Development (Retail) will be key part of Individual Market Team, engaging in product development and innovation, helping to fuel next leg of sales growth. ย 

This position is a key member of the Annuity Product Development team, responsible for developing and pricing new annuity products with the objective of achieving sustainable competitive advantage with an industry leading product portfolio. This individual will engage with key internal and external stakeholders across multiple functions to proactively find creative solutions to the opportunities and challenges faced in today's retirement market across multiple distribution channels.

The successful candidate will report to the Vice President, Individual Markets and can be located in either out Hartford, CT office. ย 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.ย 

The successful candidate will also collaborate with KKR to enhance our combined capabilities to design and launch new solutions to the marketplace.ย  The successful candidate needs a demonstrated ability to think both creatively and strategically.

RESPONSIBILITIES

  • Perform timely research, development, and robust product pricing of new solutions.
  • Use MG-ALFA or other modeling actuarial projection software to develop disciplined, robust pricing models and risks analysis for new product design ideas and modifications to current products.
  • Effectively balance competitive and pricing objectives to achieve overall company objectives.
  • Implement best practices in pricing methods, automation, organization, and documentation to improve overall efficiency and quality of product development efforts.
  • Collaborate with the Product Implementation team during the implementation of new products.
  • Collaborate with the Pricing team to set rates on new products and effectively incorporate new products into the product management processes.
  • Support product development needs related to state & prospectus filing, admin system testing, operations, marketing, and sales illustration.
  • Communicate with peers in product, risk management, investments, marketing, legal & operations.
  • Support product approval by ensuring product risks are mitigated and documented.
  • ย Develop and maintain industry knowledge including economic, regulatory, and competitive environments to support development of new products.

QUALIFICATIONS

  • Bachelor's degree (or higher) in Actuarial Science and at least 1 year of experience in the annuity/life insurance industry is preferred, product development experience a plus
  • Successfully completed 2+ actuarial exams, Actuarial Mathematics exam(s) strongly preferred
  • Prior experience with actuarial software considered a plus
  • Prior annuity product development experience considered a plus
  • Ownership - Takes personal accountability for the execution of their goals and objectives. Strong organization and delivery of results.
  • Innovative - Able to participate in the generation of new and unique ideas. Forward thinking and tenacious. Flexible in navigating changing business environments.
  • Analytical Skills - Possess strong analytical skills necessary to price products, ability to trouble-shoot and work to find solutions independently.
  • Communication - Able to communicate effectively - verbal, written and listening.
  • Teamwork - Has positive attitude necessary to be part of a strong performing team.ย  Strong interpersonal skills for relationship building and engagement.
  • Must be able to travel occasionally to other offices (i.e. Des Moines, Hartford, New York, Wayne (PA))