Corporate Vice President, Long-Term Care (LTC) Product Manager - Innovation & Development

Location Designation: Hybrid - 3 days per week 

Job Title: Long-Term Care (LTC) Product Manager – Innovation & Development

Location of role can be either located:  

1) Austin, TX 

2) Remote

Overview:
As a key member of New York Life's LTC Product team, the LTC Product Manager – Innovation & Development will serve as the primary engine behind new product creation and the long-term growth of the LTC portfolio. This role is responsible for leading the end-to-end development of emerging product concepts, from early-stage design and actuarial feasibility through regulatory filing, cross-functional coordination, and field launch.
What makes this role distinct is its dual fluency: a command of actuarial principles combined with the strategic and commercial instincts of a product leader. This individual will bridge the technical rigor of pricing and product design with the distribution realities of a competitive marketplace, translating complex actuarial and regulatory inputs into products that are both financially sound and compelling to agents and clients.

Key Responsibilities:
• New Product Development: Own the innovation pipeline from concept through launch, including the development of next-generation product concepts and designs. Ensure all new products are actuarially defensible, competitively positioned, and operationally executable.
• Actuarial Collaboration & Translation: Serve as the primary product liaison to the actuarial team, interpreting pricing analyses, experience studies, and assumption frameworks to inform product design decisions. Translate actuarial outputs into clear guidance for distribution, marketing, and senior leadership.
• Pricing & Financial Analysis: Apply actuarial background to evaluate product economics, assess risk-return trade-offs, and pressure-test design assumptions. Partner with pricing actuaries to structure benefit designs that balance competitive appeal with long-term financial sustainability.
• Cross-Functional Coordination: Lead product development working sessions across actuarial, legal, compliance, IT, operations, and distribution to align stakeholders and maintain project momentum from design through implementation.
• Regulatory & Government Affairs: Serve as the primary product liaison to Governmental Affairs, monitoring prospective federal and state legislation for product design and pricing implications. Maintain awareness of evolving LTCI regulatory trends and proactively incorporate them into the development roadmap.
• Strategic Flex: During periods between active launches, shift focus to longer-horizon concepting, strategy projects, and backstopping in-force product work as needed.

Qualifications:
• Actuarial background required. FSA, ASA, or equivalent credential strongly preferred; candidates with significant actuarial exam progress combined with product management experience will be considered.
• Demonstrated experience in LTC, life, or annuity product development, with exposure to pricing, product design, and regulatory filings.
• Ability to read, interpret, and challenge actuarial analyses including pricing memos, experience studies, and sensitivity testing, and apply findings to product strategy decisions.
• Familiarity with linked-benefit or hybrid LTC products preferred, exposure to emerging distribution channels a plus.
• Strong cross-functional project management skills with a track record of driving complex initiatives across matrixed organizations.
• Clear communicator and presenter. Able to convey technically complex concepts to non-actuarial audiences including senior leadership, field partners, and regulators.
• Comfortable with ambiguity and energized by building; capable of moving between strategic concepting and detailed execution as workload demands.

Pay Transparency

Salary Range: $119,000-$170,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Please note: This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.​

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 93620