Group Insurance Product Development & Strategy Lead

New York Life Insurance Co.; City of White Plains (NY); Híbrido; USD 119.000 - 170.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Complete benefits package

Leave programs

Adoption assistance

Student loan repayment programs

Descripción de la vacante

A leading financial services company located in City of White Plains, NY is seeking a Corporate Vice President, Product Development & Strategy. This role involves shaping and driving insurance solutions across various product lines and requires over 10 years of experience in the financial services sector, with a strong emphasis on product development. The ideal candidate will have a deep understanding of the insurance market and excellent leadership skills, and will participate in developing multi-year strategies. The role offers a hybrid work model and a competitive salary range of $119,000 – $170,000.

Formación

• 10+ years of experience in the financial services industry, ideally in insurance.
• Experience leading product strategies and managing multiple projects.
• Deep knowledge of insurance products including Life, Disability, and Accident & Health.

Responsabilidades

• Develop GMAD’s multi-year product strategy based on market trends.
• Identify opportunities in the group association and accident & health markets.
• Collaborate with teams to evaluate product impact and pricing strategy.

Conocimientos

Strategic and analytical skills

Communication skills

Cross-functional leadership

Product development expertise

Educación

Bachelor’s degree

MBA or advanced degree

Descripción del empleo

Location Designation

Hybrid - 3 days per week

Role Overview

New York Life's Group Membership Association Division (GMAD) is the leading provider of life, disability, and supplemental health programs for the association market. In 2025, GMAD expanded into the Accident & Health insurance market to broaden its product portfolio and execute on a key growth initiative for New York Life. Today, the business has $600M+ of premium in force, 500+ group clients, and nearly 1M customers.

GMAD is seeking a Corporate Vice President, Product Development & Strategy to shape and drive the division's expanding portfolio of insurance solutions. Reporting to the Head of Strategy & Analytics, this leader will serve as both a product strategist and cross‑functional program lead—translating strategic vision into disciplined execution across life, disability, accident & health, and supplemental health lines.

The ideal candidate brings deep insurance product expertise, a track record of building and advancing product roadmaps, and the executive presence to influence senior stakeholders and drive alignment in a complex, matrixed organization.

What You’ll Do

• Contribute to the design and evolution of GMAD’s multi‑year product strategy, informed by market trends, competitive intelligence, and internal capabilities.
• Identify opportunities and unmet needs within group association, affinity, and accident & health markets.
• Develop and refine business cases for new product concepts, enhancements, and go‑to‑market strategies.
• Define and prioritize the product development agenda, ensuring resources and focus are directed toward initiatives with the highest strategic and growth impact.
• Conduct competitive analysis and market scans to inform product differentiation, pricing strategy, and value proposition development.
• Collaborate with Analytics team and Actuarial to model product impact, ensure pricing integrity, and evaluate the success of product rollouts.
• Own GMAD’s value‑added services strategy and implement across clients.
• Lead and support enterprise‑wide product initiatives from ideation through implementation—engaging stakeholders across the value chain.
• Act as a subject‑matter expert (SME) and consultant on GMAD products to senior leadership and internal business partners.
• Create and present executive‑level updates and product briefing materials for committees, senior leadership, brokers, clients, and external partner review boards.
• Support internal/external relationships with high‑level product knowledge.

What You’ll Bring

• 10+ years of experience in the financial services industry, with emphasis on strategy and product development. Direct insurance industry experience desired.
• Familiarity with some or all insurance products offered by GMAD, including Life, Disability, Accident & Health, and Supplemental Health.
• Demonstrated success leading cross‑functional initiatives and ability to manage multiple projects simultaneously.
• Strong strategic and analytical skills with the ability to translate vision into actionable roadmaps and measurable outcomes.
• A bias for action and proven ability to execute is critical to this role.
• Executive presence and strong communication skills, with experience presenting to senior leadership audiences.
• Bachelor’s degree required; MBA or advanced degree a plus.

Pay Transparency

Salary Range: $119,000 – $170,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.