Product Manager, Defined Contribution Lifetime Income at Pacific Life

Omaha, Nebraska, United States

Pacific Life Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial Services, Retirement PlanningIndustries

Requirements

  • Knowledge of DC plans, lifetime income product types and competitor landscape, broader DC ecosystem
  • Strong insurance product knowledge and experience (e.g. defined contribution, annuities, and/or investments)
  • Ability to partner with divisional stakeholders
  • Strong interpersonal, communication, and presentation skills (with both internal and external partners)
  • Strong organizational skills and adept at creating and maintaining well-structured documentation to support cohesive messaging
  • Ability to operate in ambiguity

Responsibilities

  • Contribute to product development ideation, support product design feature development, and produce necessary documentation to facilitate knowledge transfer and development of requirements across project teams
  • Work closely with internal and external stakeholders to communicate the product vision, goals, and roadmap (products can include proprietary solutions or those in collaboration with strategic partnerships)
  • Collaborate with various stakeholders (risk, pricing, legal, finance, sales teams, operations) to ensure effective communication and alignment on product initiatives and goals in preparation for internal approval processes
  • In partnership with Delivery Acceleration, support the end-to-end product implementation process, including gathering business requirements and implementation across internal and external stakeholders
  • Coordinate with marketing and sales teams to ensure effective product positioning and successful market entry; develop and execute product launch plans, including marketing strategies, training materials, and sales support
  • In collaboration with DC strategist, support market research to identify customer needs, market trends, and competitive landscape; gather insights to guide product development strategies and positioning
  • Stay up-to-date with DCLI industry trends, emerging technologies, and regulatory changes impacting the insurance landscape; use this knowledge to inform product development strategies and identify market opportunities

Skills

Product Management
Market Research
Product Development
Stakeholder Management
Project Management
Cross-Functional Collaboration
Product Roadmap
Requirements Gathering
Institutional Retirement Solutions

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters
1868Year Founded
$189.4MTotal Funding
N/ACompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Paid Vacation
Paid Parental Leave
Adoption Assistance
401(k) Retirement Plan
401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.
Potential financial exposure from significant real estate investments.
Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.
Recognized as a top community-minded company, enhancing brand reputation and trust.
Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.
Enhanced annuity products offer flexibility and growth, increasing product attractiveness.
Strong real estate financing position opens more sector opportunities.

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