Job Information
New York Life Insurance Company Institutional Life Product Manager in New York, New York
Location Designation: [[cust_rolelocationdesignation]]
When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.
New York Life is one of the most financially strong and highly capitalized insurers in the business. The Institutional Life Department (IL) offers sophisticated life insurance products in the Bank Owned Life Insurance (BOLI), Corporate Owned Life Insurance (COLI) and Corporate Sponsored markets, designed to help clients support their employees.
New York Life is seeking a highly talented and driven product manager to join our dynamic, high-performing team to lead the BOLI and COLI product development area. This position will lead, enhance, and be responsible for supporting a competitive BOLI and COLI product suite that meets client needs, suitable for our distribution channels, and adds value to the company.
What you’ll do:
Develop and own the multi-year product development process working across all the areas of Institutional Life and business partners. Responsible for all aspects of product development process, from product ideation to business specifications and a successful product introduction.
Collaborate across New York Life and the industry to develop innovative product ideas and concepts
Provide input on policy and rider contract drafting (and all associated documents) in partnership with the product filing and legal professionals.
Develop and accountable for materials and presentations that support governance approvals necessary to move forward, working closely with Actuarial professionals and others within the business.
Understand and supplement the BOLI and COLI competitive information to identify thoughtful differentiation opportunities and industry best practices.
Product Owner for all technology prioritization & delivery related to product development
Understand and track all regulatory issues and implications for the BOLI and COLI markets including both insurance regulations and banks regulations
What you need for the job:
Bachelor’s degree with 7 years’ pertinent experience
Experience in roles requiring in-depth research/analysis; leading complex cross functional initiatives
Demonstrated history as an energetic and curious leader
Passion for leading change and challenging the status quo
Deep understanding oflife insurance products
Honed project management skills
Passion forleading and developing talent
Exceptional analytical skills
Ability to clearly communicate complex concepts and a desire to regularly collaborate
Experience partnering with technology teams to deliver and support product innovation
Ability to travel at least quarterly
Bonus points for these:
MBA, CFA, career ASA / FSA.
Series 6 or 7
This position offers a hybrid work schedule with remote working Mondays/Fridays and
on-site collaboration in our New York office Tuesdays/Wednesdays/Thursdays.
#LI-KH1
#LI-HYBRID
Salary range: [[cust_salaryRangePosting]]
Overtime eligible: [[customString6]]
Discretionary bonus eligible: [[cust_merit]]
Sales bonus eligible: [[stockPackage]]
Click here to learn more about ourbenefits (https://www.newyorklife.com/careers/corporate/benefits) . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation (https://www.newyorklife.com/foundation) . We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visitLinkedIn (https://www.linkedin.com/company/newyorklife/) , ourNewsroom (https://www.newyorklife.com/newsroom/) and theCareers (https://www.newyorklife.com/about/careers/) page of www.NewYorkLife.com .
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