Senior Director, Pooled Plans Product Development

Job Family

Product Development / Implementation

Job Description Summary

Responsible for the pooled plan product roadmap and strategy, ensuring the business has short and long term alignment on pooled plan priorities, including, but not limited to technology/automation enhancements, marketing strategies and service model updates.

Job Description

Responsibilities

• Develop and maintain strategy for accelerating pooled plan growth and service model for all pooled plan product types.

• Collaborate across functional areas to understand and document model gaps and during RFP and pre-sales consulting process.

• Analyze market trends, data and competitive landscape to discern pooled plan product opportunities and translate market conditions in product development or product enhancement opportunities.

• Make and socialize recommendations to product leadership and internal teams on strategic decisions, including product features, competitive positioning, profitability targets, sales goals, and key milestone dates to ensure alignment with overall product strategy.

• Ensure product ideas are efficiently sourced and prioritized. Work with pricing, marketing, sales and operations teams to build a strong pipeline for future product enhancements.

• Leads the development, design and product maintenance of large institutional PEP relationships with a focus on ensuring the plan fits t the strategic objectives of the organization.

• Collaborate with cross-functional stakeholders - such as distributors, Marketing, Finance, IT and other key stakeholders to recommend product features, competitiveness, profitability, sales goals and launch dates.

• Provides reporting and updates on the Pooled Plan business and ongoing initiatives. Examples include reporting on profitability, strategic positioning, product landscape.

• Act as retirement business SME for all pooled plan products, including PEPs, MEPs and Exchange plans.

• Foster a culture of collaboration, transparency, quality delivery, accountability, and continuous improvement within the team.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, or a related field

• Twelve years of experience in retirement services, product management, or financial services, with deep expertise in pooled plan products (e.g., PEPs, MEPs, Exchange plans)

• Eight years of management experience leading and development teams

• Provide strong leadership through coaching and performance management to ensure team members deliver excellence, grow professionally, and consistently achieve strategic objectives.

• Demonstrated subject matter expertise in pooled plan design, service models, and regulatory considerations within the retirement industry

• Proven ability to develop and execute product strategy and roadmap initiatives, including translating market insights into actionable product enhancements

• Strong understanding of retirement plan operations, distribution models, and pricing/profitability dynamics

• Experience leading cross-functional initiatives and influencing stakeholders across Product, Sales, Marketing, Finance, Operations, and Technology

• Advanced analytical skills with the ability to interpret market trends, competitive intelligence, and financial data to inform strategic decisions

• Track record of successfully managing complex product portfolios and large institutional client relationships

• Experience supporting RFP processes, pre-sales consulting, and product positioning efforts

• Excellent communication and presentation skills, with the ability to effectively “socialize” recommendations and influence senior leadership

• Strong organizational and prioritization skills, with the ability to manage multiple initiatives and competing priorities

• Proficiency with data analysis tools and reporting solutions used to track product performance, profitability, and strategic outcomes

Preferred Qualifications

• MBA or advanced degree

Working Conditions

• Office environment

• Moderate travel (10-25%)

• Travel as needed for internal meetings

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