Institutional Life Product Manager

Welcome to New York Life, one of the largest and most respected life insurance companies in the world. We are currently seeking a highly motivated and experienced Institutional Life Product Manager to join our team and lead the development and management of our institutional life products. As a member of our team, you will have the opportunity to make a significant impact on the financial security of our clients and play a crucial role in driving the success of our company. We are looking for a dynamic individual with a strong understanding of the life insurance industry and a passion for creating innovative solutions. If you are driven, detail-oriented, and have a proven track record of success in product management, we would love to hear from you. Join us at New York Life and help us protect the futures of our clients and their families.

1. Lead the development and management of institutional life products for New York Life.
2. Conduct market research and analysis to identify new product opportunities and stay up-to-date on industry trends.
3. Collaborate with cross-functional teams to determine product strategy and roadmap.
4. Develop and maintain relationships with key stakeholders, including internal teams and external partners.
5. Define product requirements and specifications, ensuring they align with company objectives and customer needs.
6. Coordinate with various departments to ensure timely and successful product launches.
7. Monitor product performance and make data-driven recommendations for improvements.
8. Manage the product lifecycle, including pricing, positioning, and marketing strategies.
9. Stay informed on regulatory changes and compliance requirements related to life insurance products.
10. Train and educate sales teams on product features, benefits, and competitive advantages.
11. Provide regular reports and updates to senior management on product performance and initiatives.
12. Identify and implement process improvements to increase efficiency and effectiveness of product management.
13. Act as a subject matter expert on institutional life products, both internally and externally.
14. Collaborate with other departments, such as underwriting and claims, to ensure a seamless customer experience.
15. Represent New York Life at industry events and conferences to promote our institutional life products.

According to JobzMall, the average salary range for a Institutional Life Product Manager in New York, NY, USA is between $80,000 and $150,000 per year. This can vary depending on the specific company, years of experience, and other factors such as bonuses and benefits.

New York Life Insurance Company is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States.