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About the Role

New York Life is seeking an experienced and strategic leader to serve as Product Manager for its Guaranteed Income Annuities product line within Retail Annuities. This role sits at the helm of a legacy in the income annuities space and has full ownership of the strategy, development, and ongoing management of the comprehensive income annuity product suite. The individual will serve as the senior-most product leader, setting the long-term product vision, leading cross-functional teams, and driving initiatives to ensure continued competitiveness and growth in the income annuity marketplace.

Responsibilities

Own and drive the long-range product strategy, development, and product roadmap for the Guaranteed Income Annuities suite.
Lead product development from strategic ideation through post-launch management, taking accountability for results.
Serve as the primary senior subject matter expert and business owner for all aspects of the guaranteed income annuity product line.
Define and communicate a clear, analytically-informed product vision aligned to consumer needs, market opportunities, competitive dynamics, and NYL's strategic objectives.
Lead and manage a team of product management professionals, providing mentorship and career development support.
Build and maintain senior-level relationships with key distribution partners, strategic third-party firms, and industry stakeholders.
Prepare and deliver high-impact presentations and recommendations to executive leadership.
Oversee the development of competitive intelligence packages and proactively monitor industry trends, competitor products, and regulatory developments.
Partner with marketing, legal, compliance, IT, actuarial, finance, and sales leadership to ensure seamless execution of product initiatives.
Lead education and training efforts for sales specialists and distribution partners on the income annuity product suite.
Drive product governance approval processes and on-boarding at strategic third-party distribution firms.

Requirements

10+ years of experience in annuity product management, product development, or related financial services roles, with demonstrated progression into senior or leadership positions.
Proven track record of leading product strategy and development for complex financial products, preferably within the income annuity or retirement income space.
Deep expertise in income annuity products, including SPIA, DIA, and associated product design, pricing concepts, and regulatory environment.
Experience managing and developing teams, with strong leadership and people management skills.
Exceptional communicator able to synthesize complex topics and influence senior stakeholders.
Strong business acumen with a thorough understanding of annuity economics, competitive positioning, and distribution markets.
Demonstrated ability to drive large, cross-functional initiatives in a matrixed organizational environment.
Strategic thinker who balances long-term vision with disciplined execution.
Highly collaborative with a natural ability to build relationships and lead diverse teams.
Requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.

Skills

Product Strategy
Product Development
Product Roadmap
Consumer Research
Business Case Development
Regulatory Approval
Subject Matter Expertise
Product Vision
Team Leadership
Mentorship
Career Development
Relationship Building
Stakeholder Management
Presentation Skills
Competitive Intelligence
Market Trend Analysis
Cross-functional Collaboration
Annuity Economics
Competitive Positioning
Distribution Markets
Strategic Planning
Execution
Collaboration
FINRA Licensing

Location

Hybrid

Work Type

Hybrid - 3 days per week
Exempt

Experience Level

10+ years of experience
Senior or leadership positions

Education Level

Bachelor's Degree required
FSA or CFA designation is strongly preferred

Salary/Compensations

$160,000-$228,500

Benefits

Full package of benefits
Leave programs
Adoption assistance
Student loan repayment programs
Annual discretionary bonus
Incentive program

About the Company

New York Life has been a recognized leader in the income annuities space for more than a decade.
Recognized as one of Fortune’s World’s Most Admired Companies.
Committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation.
Operates in the best interests of its policy owners due to its mutuality.

Equal Opportunity

Fostering an inclusive workplace is fundamental to who we are and how we serve our communities.
Longstanding commitment to creating an environment where individuals can contribute their best and succeed together.
Foundation rooted in core values of humanity and integrity, ensuring 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.