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Corporate Vice President, Life Product Development

Company: New York Life Insurance Company
Location: New York, NY
Posted on: March 25, 2017

Job Description:

Perform economic analysis for our Whole-Life (WL) and Term product lines
with an emphasis on new product concepts, including pricing and
development. Identify market opportunities, develop new products, and
manage business growth. Perform product analysis, project management,
sales and marketing support, and strategic thinking. Lead segments of WL &
Term pricing development efforts to drive incremental sales growth and
value add, and strategically position both product lines for future
economic environments. Design new products and features based on micro- and
macro-economic factors. Engage with the Actuarial Pricing team to
understand the product lines’ P&L and its drivers. Create cost and benefit
analysis for new initiatives when making new product recommendations.
Provide expertise on all WL & Term products and riders internally and to
the field. Communicate with senior management to generate support for new
product and pricing initiatives.

Requirements: Master's degree in Economics, Finance, Mathematics, Business
Administration or related field (willing to accept foreign education
equivalent) plus 3 years of experience performing product development and
market research for life insurance products or, alternatively, a Bachelor's
degree and five years of experience as stated above. Also requires: (1)
Demonstrated expertise performing quantitative analysis to perform product
analysis and pricing; (2) Demonstrated expertise interfacing with actuaries
to analyze pricing processes for whole life, term, and universal life
insurance products; (3) Demonstrated expertise performing personalized
portfolio design for high net worth sales presentations and inforce
management; (4) Demonstrated expertise interfacing with legal team to
ensure product compliance with state insurance regulations; and,
(5) Demonstrated expertise interfacing with sales and marketing
professionals throughout the product development and management process.

Apply online at http://www.newyorklife.com/careers

Keywords: New York Life Insurance Company, New York, Corporate Vice President, Life Product Development, Insurance, New York, NY, New York

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