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Corporate Vice President, Life Product Development

Company: New York Life Insurance Company
Location: New York, NY
Posted on: March 25, 2017

Job Description:

Perform economic analysis for our Whole-Life (WL) and Term product lines

with an emphasis on new product concepts, including pricing and

development. Identify market opportunities, develop new products, and

manage business growth. Perform product analysis, project management,

sales and marketing support, and strategic thinking. Lead segments of WL &

Term pricing development efforts to drive incremental sales growth and

value add, and strategically position both product lines for future

economic environments. Design new products and features based on micro- and

macro-economic factors. Engage with the Actuarial Pricing team to

understand the product lines’ P&L and its drivers. Create cost and benefit

analysis for new initiatives when making new product recommendations.

Provide expertise on all WL & Term products and riders internally and to

the field. Communicate with senior management to generate support for new

product and pricing initiatives.

Requirements: Master's degree in Economics, Finance, Mathematics, Business

Administration or related field (willing to accept foreign education

equivalent) plus 3 years of experience performing product development and

market research for life insurance products or, alternatively, a Bachelor's

degree and five years of experience as stated above. Also requires: (1)

Demonstrated expertise performing quantitative analysis to perform product

analysis and pricing; (2) Demonstrated expertise interfacing with actuaries

to analyze pricing processes for whole life, term, and universal life

insurance products; (3) Demonstrated expertise performing personalized

portfolio design for high net worth sales presentations and inforce

management; (4) Demonstrated expertise interfacing with legal team to

ensure product compliance with state insurance regulations; and,

(5) Demonstrated expertise interfacing with sales and marketing

professionals throughout the product development and management process.

Apply online at http://www.newyorklife.com/careers

Keywords: New York Life Insurance Company, Danbury , Corporate Vice President, Life Product Development, Insurance , New York, NY, Connecticut


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