Full-Time

Senior Product Owner

Group Retirement Services

Posted on 8/9/2025

Corebridge Financial

Corebridge Financial

5,001-10,000 employees

Provides retirement solutions and life insurance.

Compensation Overview

$175k - $210k/yr

+ Discretionary Bonus

Houston, TX, USA

In Person

This position is based in Corebridge Financial’s Houston, TX office.

Category
Product (1)
Required Skills
Agile
Data Analysis
Requirements
  • Understanding of the Group Retirement Industry; the distribution framework, financial advisors and their plan sponsor/participant's needs and behaviors using data analysis, direct communication, and support resources.
  • Minimum of 2 years of experience in a consulting space or an insurance organization with knowledge of operational processes in support of servicing group business.
  • 10+ years of project management experience
  • Experience developing strategies and/or in a strategy role within a financial services organization or working with a leading consulting company in their Operations practice.
  • Experience in Transformation and/or Strategy roles with knowledge of technology and digital trends impacting operational processes.
  • Experience managing programs in a structured and organized manner, with the ability to create actionable implementation plans and timelines; knows how to deliver on time and manage teams and stakeholders to deliver to the same; experience with change management framework & practices.
  • Track record of implementing large change initiatives, within tight timelines and within budget.
  • Latest Digital trends in insurance and across adjacent industries, including IRI Digital First for Annuities, digital servicing platform providers, and/or trends in digital servicing.
  • CX based process journey design
  • Lean management practices in developing effective and efficient processes.
  • Root cause problem solving experience.
  • Ability to break down complex issues into smaller addressable solutions; can take a strategic point of view in formulating actions and solutions.
  • Familiarity with digital transformation processes, agile methodology, IT systems, data and analytics, plus common project management tools.
  • Proven ability to lead diverse teams and influence stakeholders at all levels
  • Ability to manage complex relationships with executives, maintain strong and transparent communication, and manage expectations effectively.
  • Strong People Leader who sets clear direction for the team and actionable deliverables; data driven and manages through metrics
  • Strong coach and people developer; ability to assess talent consistently and fairly
  • Action Oriented – enjoys working hard and looks for challenges; able to act and react as necessary, even if limited information is available; not afraid to take charge of a situation
  • Exceptional verbal and written communication skills, with the ability to develop high-impact presentations and materials
  • Ability to communicate in a structured and crisp manner
  • Strong communication and influence, ability to work across teams at all levels
  • Strong relationship and team building skills, unifying teams on common goals
  • Bachelor’s degree required; MBA preferred
  • Certifications: PMP, Agile, or equivalent certifications are a plus.
Responsibilities
  • Execute work tied to an enterprise-level digital servicing program from initiation to completion, ensuring deliverables align with strategic objectives and meet high-quality standards, assist the team in the creation of business cases, cost benefit analysis and market assessments.
  • Be the Senior Product Owner for the Group Retirement Services workstream focused on the service experience for both plan sponsors and plan participants.
  • Partner with senior leadership to lead multi-year, multi-discipline transformational programs for group retirement solutions.
  • Leverage market insights and data to ensure Corebridge Financial is an industry leader in supporting straight-through processing of servicing requests from both the plan sponsor and plan participants, limiting manual intervention and reducing operating costs.
  • Deliver digital solutions in support of the Servicing transformation, leveraging industry knowledge of operational processes in the Group Retirement industry.
  • Collaborate with customer and user experience designers, software engineers, and others across the business to identify new features and experiences that will differentiate Corebridge Financial and make it easier for agents to do business with us and for our clients to take action in their financial lives.
  • Articulate a compelling and inspiring vision that puts clients and advisors at the heart of how we serve.
  • Courageously challenge the status quo to establish a new standard while patiently pushing the organization on the path to achieving it.
  • Build a business case for the designed program and present it to leadership for approval; then track program costs and value realization tied to the approved business case.
  • Develop compelling presentations and materials that articulate the Program's vision, plans, and goals to internal and external stakeholders.
  • Work cross-functionally within Corebridge Financial to build cohesive product roadmaps to realize ambitious goals and strategic priorities around these critical client and advisor experiences.
  • Collaborate with our technology partners to build integrated, scalable, and extensible tools to deliver on our promise.
  • Be responsible for the full end-to-end rollout to realize the full value of the solutions, including coordinating marketing and training plans and measuring adoption and benefits.
  • Work with business stakeholders to define the approach to measure and track benefits identified through the lifecycle of an initiative (KPIs).
  • Implement change management best practices, ensuring team cohesiveness through engagement of stakeholders and project owners.
  • Manage and report full project costs and value realization in collaboration with business and IT teams.
  • Review business metrics against the defined performance measures monthly and quarterly to ensure alignment while identifying any needed changes affecting the channel, business, or product strategy.
  • Identify potential risks and implement proactive measures to mitigate challenges, ensuring Program success under tight timelines.
  • Serve as the central point of contact among workstream team members, IT teams, executive leadership, and distribution partners, fostering effective communication and collaboration.
  • Establish appropriate forums and steering committees to highlight, guide, and direct strategic initiatives.
  • Be responsible for managing team members associated with your workstream.
  • Assist in team development while holding teams accountable for their commitments.
  • Ensure effective communication flow across and within teams. Deliver and coach for messaging that is appropriate for a range of audiences such as teams, leadership and end customers.
  • Indirectly manage and coordinate the efforts of internal and external teams to ensure alignment and timely delivery of Program objectives.
Desired Qualifications
  • MBA preferred
  • Certifications: PMP, Agile, or equivalent certifications are a plus.

Corebridge Financial provides retirement solutions and life insurance in the United States through its wholly owned subsidiaries, with four core businesses: Individual Retirement, Retirement Services, Life Insurance, and Institutional Markets. Customers access these products and services through financial professionals and institutions, including individual retirement accounts, retirement plan administration, life insurance policies, and institutional market products. The company differentiates itself with a broad, multi-line offering and an established partner network that enables coordinated solutions for individuals and institutions. Its goal is to help people take action in their financial lives today and for tomorrow while managing risk and seeking growth for clients and stakeholders.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Crockett, Texas

Founded

1957

Simplify Jobs

Simplify's Take

What believers are saying

  • Equitable merger delivers $500 million expense synergies by 2028 and immediate EPS accretion.
  • Nippon Life's $3.8 billion 21.6% stake provides long-term strategic investment stability.
  • Record $41.7 billion premiums and deposits in 2025, up 4% year-over-year.

What critics are saying

  • Equitable merger fails by year-end 2026 from regulatory antitrust rejection, dropping stock 20-30%.
  • 52.3x P/E collapses to 10.7x peer average as rates rise, slashing $4-6B market cap.
  • Q4 2025 net income falls 63% to $814M from Fortitude Re losses, recurring annually.

What makes Corebridge Financial unique

  • Corebridge spun off from AIG in 2022, focusing solely on retirement solutions and insurance.
  • Leads pension risk transfer with 28% Q4 2025 deposit surge in Institutional Markets.
  • Merges with Equitable in 2026, creating $1.5 trillion AUM annuity market leader.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Mental Health Support

Paid Vacation

Company News

InsuranceNewsNet
Mar 26th, 2026
Corebridge, Equitable merge to create potential new annuity sales king.

Corebridge, Equitable merge to create potential new annuity sales king. Throughout 2025, Corebridge Financial and Equitable Financial battled to be the biggest annuity seller in a highly competitive market. Corebridge finished third and Equitable fourth in LIMRA's final sales rankings. Corebridge ($27.4 billion) and Equitable ($23.3 billion) combined for more than $50 billion in annuity sales. The Thursday morning merger announcement creates a powerful new annuity behemoth that resets the annuity sales market. The companies announced an agreement to combine in an all-stock merger, valuing the combined company at approximately $22 billion, based on the closing stock prices of each company. The new Equitable will have 10.53% share of the $448.93 billion of annuity sales, Wink, Inc. CEO Sheryl Moore said, making them the top seller of annuities. "These are two of the biggest heavyweights in the life insurance industry, combining into a force to be reckoned with," Moore said. "Their product mix and distribution channels are complementary. In light of this development, I am specifically interested to see if the current top-seller of annuities is going to turn the heat up." The combined company will have $1.5 trillion in assets under management and administration across Individual Retirement, Group Retirement, Asset Management, Wealth Management, Life Insurance and Institutional Markets. The new company will retain the 167-year-old Equitable brand name. "This is a transformational transaction that brings together three outstanding franchises - Corebridge, Equitable and AllianceBernstein - to create a diversified financial services company uniquely positioned to serve customers and deliver long-term value for shareholders," said Mark Pearson, president and CEO of Equitable. "By combining complementary capabilities and scale, we will enhance what we can deliver for clients - more choice, broader access to investment and retirement solutions and the strength of an industry leader with a stronger balance sheet standing behind our promises." Pearson will serve as executive chairman of the new Equitable, while Corebridge CEO Marc Costantini will be the CEO. Corebridge shareholders will own 51% of the new company, Pearson announced during a conference call Thursday morning. A Corebridge shake-up. Despite powerful sales, Corebridge experienced upheaval in recent months. Costantini recently ran his first quarterly call with Wall Street analysts, in what was Chief Financial Officer Elias Habayeb's final call. Costantini replaced former CEO Kevin Hogan at the end of November, a CEO switch announced in September. During Corebridge's third-quarter call, Hogan announced Habayeb's departure for "a senior leadership position at a publicly listed company that we do not consider a competitor." Corebridge reported Q4 net income of $814 million, compared to $2.2 billion in the prior-year quarter. Costantini blamed the loss on lower investment gains, losses linked to Fortitude Re, and changes in the value of certain insurance liabilities. "The combined company will benefit from a strong competitive position and accelerated growth across retirement, life and institutional markets, as well as asset and wealth management," Costantini said of the merger. "With a world-class, multi-channel distribution network and an expanded offering of innovative products, we will create a balanced and resilient business well positioned to serve customers." Upon closing, the transaction is expected to deliver "compelling value to shareholders," Costantini added, including immediate accretion to earnings per share and cash generation, which is projected to increase to over 10% by the end of 2028. Nippon Life Insurance Co. is also on board with the merged companies, said Satoshi Asahi, President of Nippon, which completed a $3.8 billion purchase of a 21.6% stake in Corebridge in early 2025. "The proposed merger is strategically compelling and has the potential to create a more competitive and resilient platform for the long-term benefit of the combined companies' shareholders," Asahi said. "Nippon's three representatives serving on the Corebridge board of directors voted in favor of the transaction. Nippon expects to continue as a long-term strategic investor." The merger is expected to close by year-end 2026, subject to customary closing conditions, including the receipt of required regulatory approvals and approval of shareholders of both Corebridge and Equitable. Combined strengths listed. Equitable and Corebridge released a statement on the strengths of the combined company: Creates a Leading U.S. Retirement, Life, Wealth and Asset Management Platform. The combined company will benefit from a scaled distribution network, more diversified business mix and increased cross-selling opportunities. With expanded offerings across Individual and Group Retirement, enhanced wealth and third-party asset management capabilities and additional capacity for institutional transactions, the combined company will be well-positioned to better serve customers and drive sustainable, long-term growth for shareholders. Expands Origination Capabilities Across All Asset Classes. The combined company will benefit from Equitable's strategic partnership with its majority-owned subsidiary, AllianceBernstein, a leading global active manager with distribution in 21 countries across retail, institutional and private wealth channels as well as asset origination capabilities that are complementary to Corebridge's. Over time, the combined company expects to shift over $100 billion of Corebridge's general and separate account assets to AllianceBernstein, further enhancing its scale and competitive positioning. Unites Two Customer-Centric Organizations with a Shared Vision. The combined company will maintain its focus on disciplined risk management and operational rigor while accelerating its digitization and technology transformation. It will have increased resources as well as access to data systems and advanced technological infrastructure, allowing additional investment in growth initiatives and faster realization of economies of scale. This will support the combined company's transformation and modernization of the customer experience, particularly for its Individual and Group Retirement businesses. Creates Superior Financial Profile with Increased Cash Generation. On a pro-forma basis, the company will have diversified sources of income, with a balanced mix between fees, spreads, and underwriting margin. The combined company is expected to deliver more than $5 billion of operating earnings1 and generate over $4 billion of cash2, increasing financial flexibility to invest in strategic growth initiatives while also returning capital to shareholders. Combines Two Strong Balance Sheets and Enhances Financial Flexibility. At year-end 2025, Corebridge had a Life Fleet RBC Ratio of approximately 435% and holding company cash of $2.3 billion, while Equitable had a Combined NAIC RBC Ratio of approximately 475% and holding company cash of $1.1 billion. On a pro-forma basis, the combined company will have over $30 billion of shareholders' equity excluding AOCI and a leverage ratio of 26%. Immediately Accretive to Earnings Per Share and Cash Generation. The transaction is expected to be immediately accretive to the combined company's earnings per share and cash generation, increasing to over 10% by the end of 2028. Earnings per share is expected to be resilient across market cycles, driven by a more balanced mix of spread, fee and underwriting margin income. The combined company expects to see an adjusted return on equity of more than 15%4 by the end of 2027. Realizes Meaningful Synergies. The transaction is expected to deliver various synergies, including revenue, expense, capital and tax synergies. The combined company expects more than $500 million of run-rate expense synergies by the end of 2028, primarily from the consolidation of functions, information technology systems and vendor partners.

CityBiz
Mar 26th, 2026
Corebridge and Equitable Holdings Announce $22 Billion Merger Deal

Corebridge Financial, Inc. (NYSE: CRBG) and Equitable Holdings, Inc. (NYSE: EQH) today announced that they have entered into a definitive... Read More

Yahoo Finance
Mar 13th, 2026
TD Cowen cuts Corebridge Financial price target to $35 following Q4 results

TD Cowen has cut its price target for Corebridge Financial (NYSE:CRBG) from $38 to $35 on 10th March 2026, whilst maintaining a Buy rating following the company's fourth-quarter results. Barclays also reduced its price target from $34 to $33 on 11th March, maintaining an Overweight rating. The adjustments follow Corebridge's fourth-quarter and full-year 2025 results, released on 9th February 2026, which showed record sales of $42 billion in 2025. The company announced a 4% dividend increase, with shareholders of record as of 17th March receiving $0.25 per share on 31st March. Founded in 1926 and spun off from AIG in 2022, Corebridge is a Texas-based retirement and insurance company.

Yahoo Finance
Mar 5th, 2026
Corebridge Financial reports record $41.7B in premiums and deposits, up 4% in 2025

Corebridge Financial reported record premiums and deposits of $41.7 billion in 2025, a 4% increase year-over-year. The growth was driven by Institutional Markets and Individual Retirement segments, with Institutional Markets seeing a 28% surge in Q4 deposits from pension risk transfer business. Despite a GAAP net loss of $366 million, the company posted adjusted after-tax operating income of $2.4 billion, or $4.42 per share. Individual Retirement contributed $455 million in adjusted pre-tax operating income in Q4 alone. The company maintained a strong capital position with a Life Fleet RBC ratio between 430% and 440%, well above regulatory requirements, and holding company liquidity of $2.3 billion.

Yahoo Finance
Feb 25th, 2026
Corebridge Financial leads life insurance Q4 earnings with 47% revenue beat at $6.34B

F&G Annuities & Life reported revenues of $1.78 billion, up 11.7% year on year and beating analysts' expectations by 15%. However, the company missed analysts' earnings per share and book value per share estimates. Corebridge Financial, spun off from AIG in 2022, reported the strongest performance amongst 13 life insurance stocks tracked. The company posted revenues of $6.34 billion, up 35.7% year on year, exceeding analysts' expectations by 47.3%. It delivered the group's biggest analyst estimate beat. Despite strong results, Corebridge's shares have fallen 11.7% since reporting and currently trade at $27.54. The broader life insurance sector experienced a challenging quarter, with stocks down an average of 5.6% following earnings announcements, though revenues collectively beat consensus estimates by 3.7%.

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