Apply on Employer Site

Aegon · 1 day ago

Director, Portfolio Management & Product Due Diligence -WFG (Hybrid)

United States

Full-time

Hybrid

Senior Level, Lead/Staff

$160K/yr - $185K/yr

10+ years exp

Aegon is seeking a Director of Portfolio Management and Product Due Diligence to oversee portfolio design, due diligence, marketplace research, pricing strategy, product profitability, and product implementation for World Financial Group and Transamerica Financial Advisors. The role involves working closely with various stakeholders to enhance product offerings and ensure alignment with strategic objectives while managing a team responsible for product analysis and information.

Asset ManagementAuto InsuranceFinanceHealth InsuranceInsuranceLife InsuranceRetirement

Responsibilities

Oversee approved product offerings to ensure competitive, profitable offerings to insurance agents, registered representatives and investment advisor representatives

Maintain ownership of the product portfolio and associated impacts to sales, earnings, and profitability metrics. Interact with distribution leadership to gather feedback on product related needs

Lead and enhance product due diligence processes ensuring alignment with short-term and long-term strategies, growth and expense targets, customer and regulatory requirements. Define business outcomes and KPIs for the product in collaboration with key stakeholders. Develop and maintain policies, procedures, governance charters, and committee guidelines to ensure a consistent and repeatable process

Develop due diligence talent and implement a control framework to ensure the efficacy of the due diligence policies and procedures

Present recommendations to Product Review Committee and communicate and obtain approvals, where needed, from control functions (finance, legal, risk, compliance) and maintain meeting minutes and governance documents. Coordinate internal audit and other oversight organizations

Supervise team members responsible for analysis, tools/systems and product information

Ensure products are placed and administered on the platforms as designed for maximum impact, optimal sales support and overall results. Oversee the implementation of new products addressing operations and supervisory administration, revenue and commission expense modeling and reporting, operational readiness and change management related to new offerings, and field training

Work with Marketing, Operations, and Technology departments to ensure product information is up to date – including product guides, pricing, commission tables, etc. so that accurate information is easily obtainable

Provide competitive intelligence, provide business leadership on pertinent regulatory issues related to the product offering or distribution channels, identify market opportunities and associated new product strategies. Build and present business case rationale for product decisions based on market trends, agent/customer needs, regulatory and channel requirements, due diligence, etc

Qualification

Portfolio managementProduct developmentProduct due diligenceFINRA Series 6Life & Health insurance licenseBusiness acumenProduct orientationStrategic thinkingCommunication skillsBachelor’s degreeFINRA Series 63FINRA Series 24/26Sales experienceTraining experience

Required

Extensive background in portfolio management, product development, and/or product due diligence (typically 10 or more years)

FINRA Series 6 or 7

FINRA Series 63

Life & Health insurance license

Strategic and critical thinker with strong business acumen

Product orientation with a strong sense of ownership to drive new business and to maintain existing business

Demonstrated success in portfolio management and modern product delivery processes including ideation, complex pipeline prioritization, value management, capacity planning, voice of the customer, etc

Able to distill complex scenarios and large volumes of information into digestible formats with data driven, meaningful solutions, and prioritized plans for sensible execution

Ability to create and manage product roadmaps

Excellent communication skills with ability to present complex/abstract concepts in simple, cogent terms

Ability to influence others and develop partnerships at all levels across the organization