Product Management Associate

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Date: Jan 3, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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 www.NewYorkLife.com.

 

Job Description

This position will support Variable Universal Life (VUL) in the Insurance Solutions (IS) group. This position will be actively involved in every phase of the product lifecycle from idea formation for VUL product development to the maturity of inforce VUL policies.

Interest to learn, accuracy, organized and attention to detail are skills required for this person to succeed. This role will also require someone to effectively collaborate with others across the organization to identify and eliminate obstacles, keep projects moving and have proficient communication skills.

Responsibilities

  • Requires ability to learn about life insurance, including tax rules that limit allowable premium, the charge structure of flexible premium products, and rules governing the maturity of a policy.
  • Gain familiarity with the VUL investment platform and perform administrative duties relating to investment division actions around the VUL product line.
  • Review product materials such as the product prospectus, applicable supplements, applications, service forms, and investor questionnaires for relevant changes.
  • Demonstrate an ability to run and analyze product illustrations under various scenarios to gain a fuller understand of product mechanics.
  • Provide VUL subject matter expertise to assist with policy inquiries and ad hoc projects.
  • Manage various projects for the product with excellent organization and communication skills.
  • Act as a knowledge center for our various distribution partners as they encounter questions about VUL and how to position the product in a crowded marketplace.  

Experience

  • Minimum of 2 years’ experience.
  • Must have proficiency with Microsoft Office, Excel, Access, and Adobe. Must have strong analytical, organizational, and communication skills.  
  • Previous knowledge of life insurance products, specifically Variable Universal Life products, would be beneficial.
  • Prior knowledge of investments/mutual funds and a Series 6/7 license is also a bonus. 

Education

Bachelor’s degree preferred

 

SF: LI-CC1

SF: LI-PC1

EOE M/F/D/V

 

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Job Requisition ID: 82869 


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