VP, Annuities Product Manager-Fidelity Investments Life Insurance Company ( FILI)

Job Category: Marketing/Product Career Level: Executive (SVP, VP, Department Head, etc) Location: Boston, MA 02110 Status: Full Time, Employee Company: Fidelity Investments Reference Code: 0805216 VP, Annuities Product Manager-Fidelity Investments Life Insurance Company ( FILI) Business Overview The Fidelity Investments Life Insurance Company (FILI) has grown rapidly since its launch in January 1987, and continues to develop and expand its array of products. From its small beginnings, FILI has developed into a company that sells insurance products in all 50 states and operates Empire Fidelity Investments Life Insurance Company in New York. Recognition has accompanied growth: FILI has earned Standard & Poor’s "AA-" (very strong, 2nd highest) rating on its ability to pay claims and A.M. Best, a leading insurance rating company, gives FILI an "A+" (superior, 2nd highest) rating for its financial strength. Today, featuring an array of respected financial products and services, Fidelity’s shareholder base, and established distribution channels, FILI enjoys an increasing footprint in a competitive marketplace. Position Description This position is responsible for overall leadership of the annuity product line for Fidelity Investments Life Insurance Company (FILI). The Incumbent will establish high-level direction and execution for FILI’s annuity product line and has responsibility to work cross-functionally to build and grow FILI’s annuity business. The VP, Annuities Product Manager must have ability to work collaboratively and influentially with senior level executives in Sales and Relationship Management, Systems, Human Resources, Learning & Communication, Operations, Actuarial and Finance.  SVP Annuities Product Manager will determine the strategic marketing direction for the annuity product line and ensure that it meets business plans and operational objectives.  Incumbent must thoroughly understand the industry, its challenges and the competitive landscape.  Primary Responsibilities  Establish and execute marketing strategies and tactics to support FILI’s annuity products for all distribution channels (branches, phones, advisors).  Role will coordinate with various marketing functions, including: direct mail, promotion, advertising, customer communications, legal mailings, marketing support to distribution channels Electronic channels and retirement income planning. Parlay knowledge of competitors’ strategies and tactics to new business opportunities for annuity product line. Function as key thought leader for annuity product direction; provide technical and competitive input to annuity product design efforts. Work closely with sales group to deliver on annuity sales goals (gross and net). Establish and maintain strong relationships with partners (FMR, FPI, IBG, FIIS) critical to the annuity product line.  Ensure effective and complete positioning for FILI’s annuity products and services across distribution channels. Provide marketing direction and positioning for FILI’s role in retirement income planning.  Strong understanding of strategic relationships between Marketing business objectives, FILI business objectives, and Fidelity’s overall strategy. Effective contributor and role model for teamwork across the FILI organization. Strong business relationships to drive effective negotiation with key Fidelity partners. Established external industry relationships for FILI.       Education and Experience:  Bachelors degree required. MBA preferred. Expert understanding of the annuity product line (design, sales, competitive positioning, etc.). Significant annuity and life insurance industry experience from product, and marketing perspective.  Skills and Knowledge: Solid investment knowledge In-depth understanding of competitor organizations Ability to see strategically while implementing tactically Effective in a team-orientated environment Proven leadership and influence skills Excellent verbal and presentation skills Solid knowledge of financial services and investing In-depth understanding of competitor organizations Ability to see strategically while implementing tactically Effective in a team-orientated environment Proven leadership and influence skills Excellent verbal and presentation skills Effective contributor and role model for teamwork across the FILI organization   Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of June 30, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.