AVP, Bank & Broker Dealer Channel – Product Development

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Prosperity Life

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 1916

🛡️ Insurance

💸 Finance

💰 $6.9M Venture Round - Prosperity Life on 2019-11

Insurance • Finance

Prosperity Life is a US-centric life insurance organization offering life and annuity insurance, reinsurance, and capital solutions. The company provides universal life insurance and annuities, focuses on capital and risk-management solutions for block and flow reinsurance, and underwrites life insurance, annuities, and supplemental health products through affiliated underwriting companies (SBLI USA, S. USA, Shenandoah Life, National Western). It has over 100 years of life insurance experience and $29. 3B in assets under management (book value AUM as of 3/31/25). Prosperity Life Group also markets careers, leadership, and newsroom updates, and emphasizes financial strength with A- ratings from AM Best, S&P Global (for some subsidiaries), and Kroll.

📋 Description

• Report to the Head of Product Development, accountable for overall product strategy • Serve as product development subject matter expert and owner for all annuity and life solutions • Oversee the full product lifecycle from concept through launch and post-launch management • Identify product white-space opportunities through competitive analysis, distributor feedback, and market research • Develop product concepts aligned to Bank/BD shelf requirements • Build and present business cases to leadership • Own all Bank/BD annuity and life solutions across the full product lifecycle • Collaborate with Senior Product Development Business Analysts • Monitor post-launch performance and drive enhancements or corrective actions as needed • Review all Bank/BD marketing materials and sales collateral for accuracy • Support training and readiness activities for distribution partners and internal stakeholders ahead of product launches

🎯 Requirements

• 5+ years of experience in annuity and/or life product development with end‑to‑end implementation ownership • Strong knowledge of annuity and life products, including design, crediting strategies, rider mechanics, and regulatory requirements • Experience serving as a product owner within a structured development or implementation environment • Familiarity with illustration platforms, policy administration systems, and/or TPA partnerships • Ability to translate product concepts into detailed, actionable business requirements • Strong communication and influencing skills across Pricing, Operations, Compliance, Distribution, and Technology • Direct experience or significant exposure to the Bank/BD distribution channel • Bachelor’s degree required; advanced degree or MBA a plus

🏖️ Benefits

• comprehensive medical, dental, and vision coverage • an HSA and 401(k) company match • paid time off • employer-paid life and disability insurance