Senior Associate, Product Development & Management

Location Designation: Hybrid - 3 days per week 

Role Overview:  
The Retail Annuities Business is seeking to hire a Senior Associate for the Product Management team who will support product development and management efforts across several product lines (with a focus on Variable Annuities & Guaranteed Income Annuities). The Senior Associate will also conduct research on existing products and the distribution landscape of annuity solutions. They will support cross-functional initiatives and ensure our offerings remain competitive, consumer-focused and aligned with the company’s mission and profitability goals. This position will report to the Guaranteed Income Annuity & Variable Annuity Product Manager.

What You’ll Do:  
• Lead highly analytical product initiatives and projects
• Contribute to and support initiatives that bring products through the end-to-end product development lifecycle – from concept and market research to business case development, platform specifications, implementation and launch.
• Support in steering cross-functional resources in a collaborative way to meet business objectives.
• Support in educating and training our sales specialists about new product ideas and sales concepts.
• Support in driving product approval/on-boarding and business development opportunities with strategic third-party firms.
• Prepare written summaries for senior management covering new product ideas, project status updates and developments within the annuity marketplace.
• Research competitor’s income generating products issued in the insurance and asset management industries.
• Complete competition research projects as warranted by developments/conditions. Track competitor events, including monitoring new product and feature launches, as well as corporate level news – alerting appropriate stakeholders as needed.

What You’ll Bring:  
• Bachelor’s degree and/or equivalent experience.

• 3-5+ years of professional work experience in financial services.
• Strong research, analytical and quantitative skills.
• Excellent communicator who can express ideas in writing and orally in an eloquent and engaging manner.
• Understanding of annuity product design, product positioning and distribution markets a plus.
• Experience using data and analytics to inform product decisions using tools such as Excel; familiarity with business case development desirable.
• Demonstrates high energy and a passion for work.

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Pay Transparency

Salary Range: $79,000 - $113,000 

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: 92853