CVP, Group Benefits Product Lead

New York Life Insurance Co; New York (NY); Hybrid; USD 119,000 - 175,000; Full time

Benefits offered by this job

Leave programs

Adoption assistance

Student loan repayment programs

Job summary

New York Life Insurance Co. is seeking a Group Benefits Product Lead to drive the execution of the product vision across Life, AD&D, LTC, and Voluntary Benefits.

You will own end-to-end initiatives, partner with cross-functional teams, and deliver solutions that support profitable growth and a superior customer experience. The role requires deep product knowledge, strong leadership, and the ability to influence across matrix partners while prioritizing multiple initiatives in a fast-paced

Qualifications

• Bachelor’s degree in Business, Health Management, Finance, or a related field.
• Minimum of 8 years of Group Benefits product management experience.
• Broad knowledge across group insurance products.
• Ability to lead multiple initiatives with minimal direction, and develop recommendations for senior leadership.
• Strong analytical, organizational, and communication skills.

Responsibilities

• Develop and manage assigned product initiatives, owning execution end-to-end.
• Build deep technical knowledge across Life, AD&D, LTC, VB, and future offerings.
• Collaborate with cross-matrix partners to gather market intelligence and inform recommendations.
• Translate product vision into actionable plans and roadmap adjustments based on market needs.
• Create and educate sales teams with tools that articulate product value propositions.
• Support B2B strategies with Marketing to inform clients and brokers.
• Lead key initiatives within the roadmap to drive growth and performance.
• Use data to assess product performance and prepare business cases for leadership.

Skills

Product management

Cross-functional collaboration

Strategic thinking

Communication

Analytical skills

Project management

Relationship building

Entrepreneurial mindset

Leadership

Education

Bachelor's degree in Business, Health Management, Finance, or a related field

Job description

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New York, New York, United States

Group Benefit Solutions Hybrid No more matching jobs. View All Jobs

Group Benefit Solutions deliverscomprehensive insurance and absence management solutions for mid-sized and large companies. Our work foster a healthier, happier, and more secure workforce, contributing to New York Life’s legacy of beingthere when we’re needed most. Here, you'll design, implement, and support these solutions directly impacting employees’ lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions.

Alternate locations:New York, NY (New York); Chattanooga, TN (Tennessee); Des Moines, IA (Iowa); Philadelphia, PA (Pennsylvania)

Role Overview:

This position will support the execution of the established Group Benefit Solutions (GBS) product vision and multi-year roadmap across Life, Accidental Death & Dismemberment (AD&D), Long-Term Care (LTC), Voluntary Benefits (VB), and future product offerings. The role will translate established product direction into product plans and lead the execution of key initiatives supporting the roadmap while partnering across cross-functional teams, internal stakeholders, and external vendors to deliver product solutions that drive profitable growth, product performance, and an enhanced customer experience.

What You’ll Do:

• · Develop and manage assigned product initiatives, serving as the product single point of contact and owning execution of end-to-end product processes and outcomes.
• · Build and maintain deep technical knowledge across Life, AD&D, Long-Term Care, Voluntary Benefits, and future product offerings.
• · Work collaboratively with cross-matrix partners to gather market intelligence about products, pricing, positioning, value propositions, and channel conflicts/opportunities to inform recommendations and implementation of winning tactics.
• · Leverage competitive insights, market knowledge, and business acumen to support and translate the established product vision and multi-year roadmap into product plans, initiatives, and recommendations; identify and recommend roadmap adjustments based on market, customer, and business needs.
• · Create, distribute, and educate sales teams (internal and external) with effective tools and materials that articulate the value proposition of assigned products and services; ongoing consultation as needed.
• · Support B2B strategies in partnership with Marketing to provide critical product information and consultation to clients and brokers.
• · Lead key initiatives within the established roadmap that support profitable growth and product performance, including new sales, in-force growth, persistency, enrollment, and participation results. Develop the strategy for execution and lead cross-functional project teams to deliver initiatives end-to-end throughout the product lifecycle, with a focus on implementation, competitive positioning, and operational excellence.
• · Leverage internal data and metrics to assess product performance, identify opportunities, and develop recommendations and business cases for senior leadership decision-making, including funding and prioritization considerations.

What You’ll Bring:

• · Bachelor’s degree in Business, Health Management, Finance, or a related field.
• · Minimum of 8 years of Group Benefits product management experience.
• · Broad knowledge across group insurance products.
• · Proven track record of developing strong relationships across matrix partners, Distribution, Operations, Technology, and external vendors.
• · Demonstrated ability to identify strategic opportunities, lead complex initiatives with minimal direction, and develop recommendations, business cases, and options for senior leadership decision-making.
• · Ability to develop innovative product recommendations and execution approaches that balance customer needs, competitive positioning, operational capabilities, and financial objectives.
• · Strong analytical, organizational, and communication skills.
• · Ability to lead multiple initiatives simultaneously while effectively prioritizing competing business needs.
• · Self-directed with an entrepreneurial mindset and strong personal accountability.
• · Ability to thrive in a fast-paced, evolving environment.
• · Results - Proven track record of developing successful relationships with third party vendors, exceeds goals and key performance indicators; evidence of the ability to consistently make good decisions through a combination of analysis, wisdom, experience, and judgment; high level of business acumen, problem solving, project management, and creative resourcefulness.
• · Strategic Thinking & Innovation - Ability to think strategically across multiple product lines, anticipate market trends and customer needs, and translate established product strategy into actionable plans and recommendations.
• · Relationship Building - Enterprise thinker with proven ability to influence across a matrix environment. Ability to develop strong relationships across all levels of the organization, and with external partners.
• · Communication - Strong and effective communication skills; ability to translate and communicate product strategy, recommendations, and execution plans internally and externally.
• · 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; can overcome resistance to leadership and take unpopular stands when necessary.

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Pay Transparency

Salary range:$119,000 - $175,000 (New York City, Philadelphia) // $119,000 -$155,000(Chattanooga, Iowa)

Discretionary bonus eligible:Yes

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.

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location.In addition to base salary, employees may also be eligible to participate in an incentive program.

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 Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture.

Recognized as one 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 . We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com .

Disclaimer 1 : Eligibility for, and benefits under, the Pension Plan and 401(k) Savings Plan (“Plans”) are determined in accordance with the terms of the applicable plan document. Employees of certain subsidiaries, including but not limited to Group Benefit Solutions, employees of Life Insurance Company of North America and New York Life Group Insurance Company of NY, are not eligible to participate in the Pension Plan. In the event of a conflict between this information and the applicable plan document, the applicable plan document governs. The Company reserves the right to amend or terminate the Plans at any time.

Family Friendly Benefits

Find benefits that support your unique family situation, including fertility assistance, paid new-parent benefits, backup childcare services, free virtual tutoring, and more.

We Invest in Your Future

Enjoy a more secure future with a company-sponsored pension plan for eligible employees and a savings plans with a company match 1 .

Take advantage of our tuition reimbursement program to further your education and advance your career with job-related courses and programs.

Summer Flex Time

Take time for yourself and your loved ones. Enjoy reduced working hours during the summer months.