Location Designation: Hybrid
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.
Corporate Vice President, Guaranteed Income Annuiti es Product Management – Retail Annuities
Today, it is rare to find a company that has demonstrated financial strength, integrity, and humanity through the most challenging economic and social times that our country has faced. New York Life and its employees have been there for policy holders through good times and bad.When others compromised long-term security for short-term gains, New York life held firm to its values, and not only survived, but experienced double-digit growth in sales and market share. Come, grow, and make a real impact with us!
Description
New York Life is looking for a highly qualified individual for its Income Annuities Product Management and Development Team. New York Life has been a leader in the income annuities space for more than a decade. The candidate will be a major component in driving the management of the Income Annuities product line with a focus on developing a product suite that meets consumer needs, is consistent with external markets, suitable for our distribution channels and adds value to the company. This position will report into the Head of the Guaranteed Income Annuities product line.
Primary Responsibilities
- Collaborate with cross-functional resources to drive product development from ideation and focus group research, to business specification, business planning, development, and implementation.
- Support in preparing written summaries for senior management covering new product ideas, project status updates and developments within the Guaranteed Income Annuities market place.
- Serve as a subject matter expert for all questions and projects related to the Guaranteed Income Annuities product line.
- Lead cross-functional teams with diverse skill sets, including representatives from marketing, project management, IT, legal,compliance and sales in executing product initiatives.
- Preparation of detailed presentations, proposals, and recommendations.
- Support in educatingg and training sales specialists on current product line, new product ideas and sales concepts.
- Support in driving product approval/on-boarding and business development opportunities with strategic third-party firms.
- Research and analyze industry trends, competitors, and product characteristics to support product development activity while alerting the appropriate stakeholders, as needed.
- Develop periodic competitive packages and train, as needed, key stakeholders on trends in the industry.
Qualifications, Education and Experience
- 7-10 years’ experience with annuity products.
- Excellent communicator who can express ideas in writing and orally in an eloquent and engaging manner.
- Understanding of annuity product design, product positioning and distribution markets.
- Knowledge of annuity business economics is a plus
- Knowledge of SPIA/DIA and deferred annuities with living benefits and drivers of industry trends/innovations.
- Proven ability to lead effective meetings.
- Strong leadership skills and demonstrates high energy with a passion for work.
- Strong research, analytical and quantitative skills.
- Has a flexible and creative approach; enjoys working across the organization in a team-oriented environment.
- Ability to function in a deadline driven environment.
- Bachelor’s Degree is required; CFA (or progress towards) is a plus
Salary range: $115,000-$175,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Click here to learn more about our 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. 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 visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.
Job Requisition ID: 88210