Product Management Associate


Date: Sep 9, 2022

Location: New York, NY, US

Company: New York Life Insurance Co



When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.


This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday. 


The Assistant Product Manager is responsible for providing support to the Institutional Life Product Manager for the product development of Institutional Life's Bank Owned Life Insurance (BOLI) and Corporate Owned Life Insurance (COLI) products and oversight of our legacy products.

The Assistant Product Manager role will report to the Product Manager within Institutional Life.

Primary Responsibilities:


  • Understand our BOLI and COLI product current offerings and how they meet stakeholders’ objectives as well as our legacy products
  • Project manage product initiatives from product ideation to business specifications and product roll out leading a cross-functional team through the product development process
  • Act as Product Owner for all technology work and drive backlog prioritization for all product related projects with technology delivery teams and third-party vendors
  • Assist in the policy and rider contract drafting in conjunction with the filing team and OGC for new product development and changes to the product features on inforce
  • Explore BOLI and COLI opportunities, such as through external research, that New York Life can capitalize on
  • Update and maintain a detail listing of all legacy and current products and key features in order to be the key resource when questions about these products arise
  • Provide research on our competitor's products and their filings to provide insights to Institutional Life’s project strategy
  • Support strategic thinking and initiatives of NYL’s Institutional Life business
  • Assist with decks and governance memos for product development work
  • Support inforce business including the preparation of internal and external reporting and remediation efforts




  • Bachelor’s degree with 2+ years of related work experience
  • Good project management skills with the ability to plan and execute independent and team projects within reasonable timeframe
  • Demonstrates high energy and a strong motivation to contribute to the success and growth of the business
  • Ability to communicate effectively and professionally in writing and orally.
  • Flexibility to juggle and prioritize multiple high priority projects; must be very organized and have excellent follow-through.
  • High standard of accuracy and attention to detail.
  • Strong interpersonal skills


This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday. 






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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of

Job Requisition ID: 87299




Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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