Senior Director, Pooled Plans Product Development

Job Family

Product Development / Implementation

About 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

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

The Salary for this position generally ranges between $200,000 - $225,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) 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