VP, Product Management, Leaves & Disability, & Supplemental Health

Voya Financial, Inc.; Minneapolis (MN); Hybrid; USD 200,000 - 230,000; Full time

Benefits offered by this job

Health insurance

401(k) plan

Tuition reimbursement

Paid time off

Job summary

Voya Financial, Inc. is seeking a Vice President of Product Management for Leaves & Disability, & Supplemental Health.

This executive will define strategy, drive growth, and lead lifecycle management for absence, disability, and supplemental health product lines, collaborating with multiple functions to deliver differentiated solutions. You will shape enterprise product governance, manage pricing and profitability, and lead a high‑performing team while aligning with senior leadership.

Qualifications

• Bachelor's degree required; MBA or advanced degree preferred.
• 15+ years of progressive leadership experience within employee benefits, health benefits, disability, absence management, health accounts, insurance, or related industries.

Responsibilities

• Develop and execute the long‑term product strategy and roadmap for Leaves & Disability, & Supplemental Health.
• Oversee the full product lifecycle, including product design, pricing strategy, implementation, and sunset decisions.
• Lead annual business planning, forecasting, and portfolio optimization activities.
• Build, lead, and develop a high‑performing product management organization.
• Ensure products remain competitive, compliant, scalable, and aligned to customer expectations.

Skills

Product strategy

Leadership

Cross-functional leadership

Financial acumen

Stakeholder management

Communication

Education

Bachelor's degree

MBA or advanced degree preferred

Job description

Purpose Statement

Together we fight for everyone’s opportunity for a better financial future. We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today. Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Vice President, Product Management, Leaves & Disability, & Supplemental Health

The Vice President, Product Management, Leaves & Disability, & Supplemental Health is responsible for the strategic direction, growth, profitability, and market leadership of Voya's portfolio of absence, disability, and supplemental health. Reporting to the Head of Employee Benefits Product, this executive will lead product strategy, innovation, and lifecycle management while partnering closely with Distribution, Underwriting, Pricing, Actuarial, Operations, Technology, Client Management, and Risk functions. This role serves as the enterprise leader for these product lines, ensuring Voya delivers differentiated solutions that address employer and employee needs, drive growth, improve customer outcomes, and strengthen Voya's competitive position in the market.

Key Responsibilities

Product Strategy & Business Leadership

Develop and execute the long‑term product strategy and roadmap for Leaves & Disability, & Supplemental Health. Establish growth objectives, market expansion strategies, and profitability targets across the product portfolio. Monitor industry trends, legislative and regulatory developments, customer needs, and competitive dynamics to identify emerging opportunities and risks. Lead the development of innovative product solutions and service offerings that enhance Voya's value proposition and market differentiation. Partner with executive leadership to establish strategic priorities, investment decisions, and business plans.

Product Management & Innovation

Oversee the full product lifecycle, including product design, enhancement, pricing strategy, implementation, and sunset decisions. Evaluate market opportunities and business cases for new products, features, and capabilities. Partner with Technology and Operations leaders to prioritize product investments and digital capabilities. Drive innovation initiatives related to absence management, disability management, supplemental health products, commuter benefits, and related health account solutions. Ensure products remain competitive, compliant, scalable, and aligned to customer expectations.

Financial Performance & Portfolio Management

Maintain accountability for product line growth, revenue, profitability, market share, and customer retention objectives. Partner with Finance, Pricing, Underwriting, and Actuarial teams to develop pricing strategies and profitability management programs. Establish and monitor key business metrics, product performance indicators, and operational effectiveness measures. Lead annual business planning, forecasting, and portfolio optimization activities.

Cross‑Functional Leadership

Serve as the primary product leader across key enterprise stakeholders, including Distribution, Underwriting, Operations, Technology, Legal, Compliance, and Client Management. Drive alignment across functional areas to ensure successful delivery of business objectives and customer outcomes. Partner with Distribution leadership to develop market positioning, sales enablement strategies, and producer education programs. Support strategic client and prospect engagements, including finalist presentations, executive meetings, and key growth opportunities.

Market & Customer Leadership

Serve as an executive spokesperson and subject‑matter expert for assigned product lines. Build and maintain relationships with brokers, consultants, strategic partners, customers, and industry organizations. Represent Voya at industry conferences, leadership forums, customer events, and partner meetings. Leverage customer feedback, market research, and industry insights to guide product decisions and service enhancements.

Regulatory & Risk Management

Ensure compliance with applicable regulatory and legislative requirements affecting disability, absence, and supplemental health. Partner with Legal, Compliance, and Risk Management teams to assess emerging risks and implement appropriate controls. Lead product governance activities and ensure adherence to Voya's product management standards.

Talent Leadership

Build, lead, and develop a high‑performing product management organization. Foster a culture of innovation, accountability, collaboration, and continuous improvement. Establish clear performance objectives, succession plans, and development opportunities for team members. Coach and mentor future leaders within the organization.

Knowledge & Experience

Bachelor's degree required; MBA or advanced degree preferred. 15+ years of progressive leadership experience within employee benefits, health benefits, disability, absence management, health accounts, insurance, or related industries. Deep expertise in one or more of the following areas: Disability, Absence Management, Supplemental Health, or related employee benefit solutions. Proven track record of developing and executing successful product strategies that drive growth and profitability. Strong understanding of employee benefits distribution, underwriting, pricing, actuarial principles, operations, and customer experience. Experience leading large‑scale product innovation, transformation, and cross‑functional initiatives. Demonstrated ability to influence senior executives and lead through collaboration across complex organizations. Strong financial acumen with experience managing product portfolios and business performance. Exceptional communication, presentation, negotiation, and relationship management skills. Proven ability to build, develop, and retain high‑performing teams.

Leadership Competencies

• Strategic Thinking & Enterprise Leadership
• Product Innovation & Market Insight
• Financial & Business Acumen
• Customer‑Centric Decision Making
• Executive Influence & Stakeholder Management
• Talent Development & Team Leadership
• Change Leadership & Organizational Agility
• Results Orientation & Accountability

This position plays a critical role in advancing Voya's leadership in the employee benefits marketplace by delivering innovative, customer‑focused solutions that improve employee well‑being while driving profitable growth across Leaves & Disability, and Supplemental Health.

Compensation Pay Disclosure

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities. The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long‑term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting. Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part‑time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

$200,000 - $230,000

Benefits

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250/year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

Be Well. Stay Well. Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture: Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations. Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well‑reasoned solution. Team Mentality: Partnering effectively to drive our culture and execute on our common goals. Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions. Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Equal Employment Opportunity

Voya Financial is an equal‑opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

Reasonable Accommodations

Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.

Misuse of Voya's name in fraud schemes Voya Financial, Inc., is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone’s opportunity for a better financial future.

Values

Our values serve as our compass, bringing together our culture, performance, brand, vision, strategy and corporate responsibility activities. Our values guide our decision‑making and behaviors allowing us to deliver worth to our customers, distribution partners, shareholders and each other. With a lens on balance, health & welfare, our work environment offers flexibility. The majority of our roles have adopted a hybrid schedule — working some days in the office and some days remotely, providing flexibility for work‑life balance and still allowing the benefit of in‑person collaboration. Some functions will continue to be 100% on‑site and others may be fully remote, depending on business needs.

Commitment to Responsible Business

We do the right thing. We have customer passion. We have a winning spirit. We are the We. Certified by the Great Place to Work® Institute as a Great Place to Work® for the 10th consecutive year, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya’s culture is proudly recognized by multiple organizations. See a full listing of our awards and recognition.