AVP, Product – Life

Nationwide; United States; Remote; USD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a dynamic AVP to spearhead their Life product line strategy. This role offers the opportunity to shape product innovations, drive market differentiation, and lead a team dedicated to enhancing customer satisfaction. If you possess a blend of strategic thinking, strong communication skills, and a passion for product development, this position is perfect for you. Join a forward-thinking organization that values collaboration and innovation, and make a significant impact in the world of financial services. Embrace the chance to work remotely while contributing to a mission that prioritizes customer care and market relevance.

Qualifications

• 7-10 years in life insurance product/business development with leadership experience.
• Strong technical knowledge and strategic thinking capabilities.

Responsibilities

• Define and deliver product strategy for the Life Product Line.
• Lead research and development of product design strategies.
• Manage product development from conception to launch.

Skills

Strategic Thinking

Communication

Leadership

Negotiation

Relationship Building

Decision Making

Technical Knowledge

Education

Undergraduate degree in business or related field

MBA

Job description

Are you passionate about being part of a team that delivers extraordinary care to help individuals and businesses prepare for and protect their retirement? If so, then Nationwide Financial could be the place for you! At Nationwide, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Addendum: This key executive position will be tasked with creating and evolving our product advance sales market strategy for Premium Finance, Multi Life, Private Placement, Workplace Benefits & Qualified Plans. A successful candidate will thrive at communication, setting strategy, building relationships and execution.

Please Note: This role is open to working remotely in the United States.

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Job Description Summary

Our work is essential to helping Nationwide build future capability to serve customer needs. Keeping existing products relevant and marketable and building new products takes research, critical thinking, practicality and collaboration. If you enjoy gathering input and information and creating innovative solutions for customers, we want to know more about you!

As the AVP, you'll establish, sell and execute the strategic direction for the designated Life product line. You'll be responsible for product and strategy execution including product launches, product revisions and product innovations.

Key Responsibilities:

1. Define and deliver product strategy, design, and development for the Life Product Line.
2. Lead research, development, and competitive intelligence of product design strategies, maintaining knowledge of industry trends, business drivers, and consumer preferences.
3. Develop and maintain sales report analysis; gather customer insights through networks of industry experts and distribution partners.
4. Identify new market opportunities and drive innovation to differentiate products.
5. Manage product development from conception to launch, ensuring operational readiness and profitability.
6. Assist clients in understanding product options and work with Product Risk Committee for design and pricing approval.
7. Participate in pricing, monitor product performance, and understand market needs.
8. Collaborate with sales and finance to determine product design requirements.
9. Lead product and service delivery, ensuring process efficiency and effectiveness.
10. Analyze in-force business to ensure profitability and customer satisfaction.
11. Manage resource plans and budgets for the product line.
12. Lead a team of associates, fostering engagement and managing performance, development, and organizational planning.
13. Perform other responsibilities as assigned.

Reporting Relationships:

Reports to VP.

Typical Skills and Experiences:

Education: Undergraduate degree in business or related field; MBA preferred.

Licenses/Certifications: Insurance or professional designations like Chartered Financial Consultant, Chartered Life Underwriter, CPCU, actuarial designations (FSA, MAAA), etc.

Experience: 7-10 years in life insurance product/business development; demonstrated leadership.

Skills: Strong technical knowledge, relationship-building, influencing, communication, negotiation, strategic thinking, decision-making, and leadership capabilities.

Additional Information:

Values: Demonstrates Nationwide Values consistently.

Work Conditions: Normal office environment; exempt role; remote work possible.

Benefits, legal notices, and salary details are included, emphasizing diversity, inclusion, and compliance with applicable laws.