Institutional Product Manager - Stable Value
Are you a strategic and results-driven individual with a passion for the financial industry? Massachusetts Mutual Life Insurance Company is seeking a highly motivated Institutional Product Manager - Stable Value to join our team. As a leader in the insurance and financial services industry, MassMutual is committed to providing innovative and reliable products to our institutional clients. In this role, you will be responsible for managing our stable value product line, collaborating with cross-functional teams, and driving growth and profitability. We are looking for a candidate with a strong understanding of stable value products and experience in product management and development. If you are a proactive and dynamic professional with a proven track record of success, we encourage you to apply for this exciting opportunity.
- Develop and implement strategic plans to drive growth and profitability of the stable value product line.
- Collaborate with cross-functional teams including sales, marketing, and actuarial to ensure cohesive and effective product strategies.
- Conduct market research and analysis to identify opportunities for product enhancement and expansion.
- Manage the product development process from ideation to launch, including conducting feasibility studies and developing business cases.
- Monitor industry trends and competitor products to ensure MassMutual remains competitive in the stable value market.
- Develop and maintain relationships with institutional clients to understand their needs and incorporate feedback into product strategy.
- Analyze product performance data and provide recommendations for improvement or changes.
- Ensure compliance with regulatory requirements and industry standards for stable value products.
- Train and educate internal stakeholders on stable value products and their features.
- Maintain a thorough understanding of MassMutual's overall product portfolio and how the stable value product line fits into the company's overall strategy.
- Collaborate with finance and actuarial teams to develop pricing strategies for stable value products.
- Communicate product updates and changes to internal teams and external clients.
- Monitor and report on key performance indicators for the stable value product line.
- Stay current on industry news and developments related to stable value products and share insights with the team.
- Continuously seek opportunities for improvement and innovation within the stable value product line.
Strong Knowledge Of Stable Value Products: A Successful Institutional Product Manager - Stable Value At Massachusetts Mutual Life Insurance Should Possess A Deep Understanding Of Stable Value Products, Including Their Features, Risks, And Market Trends. This Knowledge Will Be Crucial In Developing And Managing These Products Effectively.
Financial Industry Experience: The Ideal Candidate Should Have A Minimum Of 5 Years Of Experience In The Financial Industry, With A Focus On Stable Value Products. This Experience Will Provide Them With The Necessary Expertise To Develop And Implement Effective Strategies For These Products.
Product Development Skills: As An Institutional Product Manager - Stable Value, One Should Possess Strong Product Development Skills, Including Market Analysis, Product Design, And Pricing Strategies. This Will Enable Them To Create And Launch Innovative And Competitive Stable Value Products.
Relationship Management: Massachusetts Mutual Life Insurance Emphasizes Building And Maintaining Strong Relationships With Clients And Partners. The Ideal Candidate Should Have Excellent Relationship Management Skills To Effectively Collaborate With Internal And External Stakeholders, Including Sales Teams, Clients, And Investment Managers.
Regulatory Knowledge: Stable Value Products Are Subject To Various Regulatory And Compliance Requirements. A Strong Understanding Of These Regulations And The Ability To Ensure Compliance Is Crucial For An Institutional Product Manager At Massachusetts Mutual Life Insurance.
Risk Management
Financial Analysis
Product Development
Communication Skills
Project Management
Investment Strategy
Team Leadership
Compliance Management
Market analysis
Competitive intelligence
Client Relationship
Innovation
Communication
Conflict Resolution
Leadership
Time management
Critical thinking
Attention to detail
Teamwork
Adaptability
Problem-Solving
Decision-making
According to JobzMall, the average salary range for a Institutional Product Manager - Stable Value in Boston, MA, USA is $130,000 to $170,000 per year. This may vary depending on the specific company, experience level, and other factors.
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The Massachusetts Mutual Life Insurance Company, founded in 1851, is an American mutual life insurance company serving five million clients. With headquarters in Springfield, Massachusetts, the company employs more than 7,000 in the United States, and a total of 10,614 internationally.
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