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, Plainfield , Corporate Vice President, Life Product Development, Insurance , New York, NY, New Jersey