Product Manager – Group Benefit Solutions Product

Job Description

CVP, Group Benefits Product Lead | New York Life Insurance Company

The Tone:
This is a hybrid, full-time role at New York Life Insurance Company, primarily located in New York, NY. Our Group Benefit Solutions team designs, implements, and supports comprehensive insurance and absence management solutions for mid-sized and large companies. Our work directly impacts employees’ lives by fostering a healthier, happier, and more secure workforce, contributing to New York Life’s legacy of providing financial security and peace of mind when it’s needed most.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Hybrid – New York, NY
• Pay: $119000–$175000 yearly
• Team: Group Benefit Solutions Product Team
• Mission: This person owns the execution of the established Group Benefit Solutions product vision and multi-year roadmap across various insurance offerings to drive profitable growth, product performance, and an enhanced customer experience.

What You’ll Actually Do
• Own Product Execution: Develop and manage assigned product initiatives, serving as the single point of contact for the execution of end-to-end product processes and outcomes.
• Deep Product Expertise: Build and maintain comprehensive technical knowledge across Life, Accidental Death & Dismemberment (AD&D), Long-Term Care (LTC), Voluntary Benefits (VB), and future product offerings.
• Market Intelligence & Strategy: Collaborate with cross-matrix partners to gather market intelligence on products, pricing, positioning, and value propositions to inform recommendations and implementation of winning tactics.
• Roadmap Translation & Leadership: Translate the established product vision and multi-year roadmap into product plans and recommendations, leading key initiatives that support profitable growth and product performance.
• Performance Analysis & Recommendations: Leverage internal data and metrics to assess product performance, identify opportunities, and develop business cases for senior leadership decision-making, including funding and prioritization.

The Must-Haves
• Background: Bachelor’s degree in Business, Health Management, Finance, or a related field, coupled with broad knowledge across group insurance products.
• Experience: Minimum of 8 years of Group Benefits product management experience, with a proven track record of developing strong relationships across matrix partners, Distribution, Operations, Technology, and external vendors.
• Skills: Strong analytical, organizational, and communication skills; demonstrated ability to identify strategic opportunities and lead complex initiatives with minimal direction; capability to develop innovative product recommendations that balance customer needs, competitive positioning, operational capabilities, and financial objectives.
• Bonus: Self-directed with an entrepreneurial mindset and strong personal accountability, possessing the ability to lead multiple initiatives simultaneously while effectively prioritizing competing business needs.