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Corporate Vice President, Guaranteed Income Annuities Product Manager

Job Requisition ID: 95252 

 

Location Designation: Hybrid - 3 days per week 

 

 

Business/Role Overview

New York Life is seeking an experienced and strategic leader to serve as Product Manager for its Guaranteed Income Annuities product line within Retail Annuities. New York Life has been a recognized leader in the income annuities space for more than a decade, and this role sits at the helm of that legacy.

 

The Guaranteed Income Annuities Product Manager will have full ownership of the strategy, development, and ongoing management of our comprehensive income annuity product suite, which includes:

 

  • Single Premium Immediate Annuities (SPIA) – fully guaranteed income solutions providing immediate, lifetime payment streams
  • Deferred Income Annuities (DIA) – fully guaranteed income products designed for future income needs
  • Mutual Income products – dividend-paying income annuities offering policyholders participation in NYL's financial performance
  • Clear Income Advantage – our innovative hybrid income solution addressing evolving consumer needs

 

This individual will serve as the senior-most product leader for guaranteed income annuities, setting the long-term product vision, leading cross-functional teams, and driving initiatives that ensure NYL's continued competitiveness and growth in the income annuity marketplace. This position reports to the Head of Retail Annuities Product Management.

 

What You'll Do

  • Own and drive the long-range product strategy, development and product roadmap for the Guaranteed Income Annuities suite, including SPIA, DIA, Mutual Income, and Clear Income Advantage products.
  • Lead product development from strategic ideation, consumer research, and business case development through regulatory approval, implementation, and post-launch management; bringing self-accountability for results and outcomes.
  • Serve as the primary senior subject matter expert and business owner for all aspects of the guaranteed income annuity product line, providing guidance to executive leadership, distribution, and key stakeholders across the enterprise.
  • Define and communicate a clear, analytically-informed product vision aligned to consumer needs, market opportunities, competitive dynamics, and NYL's strategic objectives.
  • Lead and manage a team of product management professionals, providing mentorship, direction, and career development support to develop direct reports as future leaders.
  • Build and maintain senior-level relationships with key distribution partners, strategic third-party firms, and industry stakeholders to drive product adoption and distribution growth.
  • Prepare and deliver high-impact presentations and recommendations to executive leadership covering product strategy, market trends, competitive positioning, and new product initiatives.
  • Oversee the development of competitive intelligence packages and proactively monitor industry trends, competitor products, and regulatory developments to inform product strategy.
  • Partner with marketing, legal, compliance, IT, actuarial, finance, and sales leadership to ensure seamless execution of product initiatives.
  • Lead education and training efforts for sales specialists and distribution partners on the income annuity product suite, new product concepts, and sales strategies.
  • Drive product governance approval processes along with on-boarding at strategic third-party distribution firms, managing the relationships and negotiations at a senior level.

What You'll Bring

  • 10+ years of experience in annuity product management, product development, or related financial services roles, with demonstrated progression into senior or leadership positions.
  • Proven track record of leading product strategy and development for complex financial products, preferably within the income annuity or retirement income space.
  • Deep expertise in income annuity products, including SPIA, DIA, and associated product design, pricing concepts, and regulatory environment.
  • Experience managing and developing teams, with strong leadership and people management skills.
  • Exceptional communicator — able to synthesize complex topics and influence senior stakeholders through compelling written and oral presentations.
  • Strong business acumen with a thorough understanding of annuity economics, competitive positioning, and distribution markets.
  • Demonstrated ability to drive large, cross-functional initiatives in a matrixed organizational environment.
  • Strategic thinker who balances long-term vision with disciplined execution in a deadline-driven environment.
  • Highly collaborative with a natural ability to build relationships and lead diverse teams across the organization.
  • Bachelor's Degree required; FSA or CFA designation is strongly preferred

​Job Level: LEVELMG3

 

Pay Transparency

Salary Range: $160,000-$228,500 

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.

Job Requisition ID: 95252

 

 

About NY Life Insurance Company

Diversity & Humanity–two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

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Nearest Major Market: Manhattan
Nearest Secondary Market: New York City
Job Segment: Product Manager, VP, Executive, Outside Sales, Marketing, Operations, Management, Sales

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