Group Insurance Product Development & Strategy Lead

Location Designation: Hybrid - 3 days per week. Role Overview New York Life’s Group Membership Association Division (GMAD) is the leading provider of life, disability, and supplemental health programs for the association market. In 2025, GMAD expanded into the Accident & Health insurance market to broaden its product portfolio and execute on a key growth initiative. To advance this next chapter of growth, GMAD is seeking a Group Insurance Product Development & Strategy Lead to shape and drive the division’s expanding portfolio of insurance solutions. Reporting to the Head of Strategy & Analytics, this leader will serve as both a product strategist and cross‑functional program lead – translating strategic vision into disciplined execution across life, disability, accident & health, and supplemental health lines. The ideal candidate brings deep insurance product expertise, a track record of building and advancing product roadmaps, and an executive presence to influence senior stakeholders and drive alignment in a complex, matrixed organization. What You’ll Do Contribute to the design and evolution of GMAD’s multi‑year product strategy, informed by market trends, competitive intelligence, and internal capabilities. Identify opportunities and unmet needs within group association, affinity, and accident & health markets. Develop and refine business cases for new product concepts, enhancements, and go‑to‑market strategies. Define and prioritize the product development agenda, ensuring resources and focus are directed toward initiatives with the highest strategic and growth impact. Conduct competitive analysis and market scans to inform product differentiation, pricing strategy, and value proposition development. Collaborate with Analytics team and Actuarial to model product impact, ensure pricing integrity, and evaluate the success of product rollouts. Own GMAD’s value‑added services strategy and implement across clients. Lead and support enterprise‑wide product initiatives from ideation through implementation—engaging stakeholders across the value chain. Act as a subject matter expert (SME) and consultant on GMAD products to senior leadership and internal business partners. Create and present executive‑level updates and product briefing materials for committees, senior leadership, brokers, clients, and external partner review boards. Support internal/external relationships with high‑level product knowledge. What You’ll Bring 10+ years of experience in the financial services industry, with emphasis on strategy and product development; direct insurance industry experience desired. Familiarity with some or all insurance products offered by GMAD, including Life, Disability, Accident & Health, and Supplemental Health. Demonstrated success leading cross‑functional initiatives and ability to manage multiple projects simultaneously. Strong strategic and analytical skills with the ability to translate vision into actionable roadmaps and measurable outcomes. A bias for action and proven ability to execute. Executive presence and strong communication skills, with experience presenting to senior leadership audiences. Bachelor’s degree required; MBA or advanced degree a plus. Pay Transparency Salary Range: $119,000–$170,000. 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. Employees may also be eligible to participate in an incentive program. #J-18808-Ljbffr New York Life