What are the responsibilities and job description for the Director, IRA Product Leader position at Aegon?
Job Family
Product and Propositioning MarketingAbout Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.
We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
Provides strategic product leadership and support for the development, management, and growth of the core retirement retail advice business portfolio, which will include all solutions offered by the Transamerica Advice Center, with a heavy focus on IRA products and solutions. Develops strategy proposals, product recommendations, and roadmap options for consideration and approval by senior leadership, while helping drive approved strategies forward. Owns competitive insights, market research, and opportunity assessment to inform product direction, innovation, and business growth.Job Description
Responsibilities
Develop product strategy proposals and roadmap recommendations for the core retirement retail advice business portfolio, which will include all solutions offered by the Transamerica Advice Center, with a heavy focus on IRA, ensuring options are aligned with corporate growth objectives, customer needs, distribution priorities, and evolving market dynamics.
Own market intelligence and competitive analysis efforts, identifying emerging industry trends, regulatory developments, demographic shifts, and disruptive innovations to inform product recommendations and strategic choices.
Evaluate strategic growth opportunities, innovation initiatives, business investments, and partnership opportunities through business case development, financial analysis, and stakeholder input.
Partner with leaders across Distribution, Marketing, Finance, Operations, Technology, Legal, Compliance, and Risk functions to shape product strategy recommendations, investment priorities, and go-to-market plans.
Help drive approved product development initiatives from concept through market launch, supporting execution, operational readiness, regulatory compliance, and achievement of business objectives.
Serve as a product subject matter expert, providing clear recommendations to senior leaders regarding product direction, market positioning, competitive insights, and growth opportunities.
Build and maintain relationships with distributors, consultants, TPAs, vendors, industry organizations, and other external stakeholders to gather insights, enhance market understanding, and identify new opportunities.
Coach, support, and collaborate with product professionals and cross-functional partners by fostering accountability, collaboration, and continuous improvement.
Present strategy proposals, portfolio performance updates, innovation concepts, and investment recommendations to senior leadership forums to support informed decision-making and resource prioritization.
Qualifications
Bachelor's degree in Business, Finance, Marketing, Economics, or a related field, or equivalent combination of education and experience
10 years of progressive product management, product development, product strategy, or financial industry experience
Minimum 3 years of leadership experience managing product workstreams, cross-functional initiatives, or product professionals
Extensive knowledge of financial or insurance products, plan administration, industry regulations, distribution channels, and market trends
Demonstrated success developing strategy recommendations and supporting complex product initiatives with measurable business, customer, or operational impact
Strong financial acumen with experience evaluating product profitability, investment returns, business cases, and portfolio performance
Strong strategic planning, analytical, problem-solving, and recommendation-development skills
Strong communication, presentation, collaboration, and influencing capabilities with senior leaders and cross-functional partners
Proven ability to support organizational change and build cross-functional alignment in complex environments
Ability to establish credibility and influence business partners, senior leaders, and external stakeholders
Preferred Qualifications
Knowledge of IRA solutions, retirement recordkeeping business, and wealth accumulation products
Applicable retirement or financial services industry designations
Master's degree in Business Administration (MBA), Finance, Marketing, or a related discipline
Experience leading enterprise product strategy for a large financial services or insurance organization
Experience overseeing multiple product lines and product management teams
Background in innovation management, strategic planning, project/portfolio management and customer experience design
Working Conditions
Office environment
Moderate travel (10-25%)
Travel for strategic planning sessions, industry conferences, distributor meetings, client engagements, due diligence activities, and executive leadership meetings
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
The Salary for this position generally ranges between $130,000 - $150,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica's Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
* As of December 31, 2023
Salary : $130,000 - $150,000