HEAD OF LIFE PRODUCT
Company: MassMutual
Location: Springfield
Posted on: October 17, 2024
Job Description:
THE OPPORTUNITYAt MassMutual, we're passionate about helping
millions of people find financial freedom and this passion has
driven our approach to developing products which best meet the
needs of our customers.To help us achieve our mission, we are
hiring a Head of Life Product to join our team. - This role is
responsible for ensuring our life insurance product portfolio is
aligned with the firm's strategy and supports the continued growth
of our whole life franchise. Our ideal Head of Life Product
candidate excels as an executive leader overseeing all aspects of
the life product suite from concept development to pricing to
implementation. - The role requires innovative thinking,
competitive awareness and an eye toward risk and capital
management. -THE TEAMJoin a dynamic, senior leadership team focused
on providing financial well-being for all Americans. Your team will
include pricing and implementation experts with both technical and
qualitative skills who are dedicated to the firm's life insurance
product suite. The team collaborates across the organization to
drive results and bring differentiated products to market.THE
IMPACT:Product Development and Management:
- Leads the full product life cycle, with a focus on industry
trends, growth opportunities, innovation, distribution, quality and
profitability. - Responsible for the innovation, development,
pricing and implementation of the life insurance product
portfolio.
- Brings a deep understanding of profitability and capital
implications to our ongoing pricing work. Oversees risk, capital
and budget considerations - balancing competing levers to achieve
optimal outcomes.
- Stays abreast of regulatory changes and how they might impact
product development and pricing.
- Represent the MassMutual Life product suite at industry events
and conferences; the face of life insurance at MassMutual.
- Develops strong internal and external relationships by
consulting & partnering to identify unique, creative ways to
achieve results. The role will require close interaction and
partnership with senior leaders and collaboration across primary
business functions including Distribution, Actuarial, Technology,
Risk, Operations, Service, Compliance and Legal.
- Understands enterprise vision, strategy and roadmap to
effectively align the team's goals.Innovation:
- Plays a key role in the ongoing diversification of our
distribution footprint through active partnership with our
non-traditional life producers and our wealth management
platform.
- Partners with the broader product organization to seek creative
solutions and design innovative offerings.Business Consulting &
Support:
- Provides consultative support to internal stakeholders, clients
and partners as needed to facilitate optimal business
outcomes.
- Actively engages with our distribution organization to align
product roadmap with emerging business needs and market
regulations.
- Represents the life product function at executive level
business reviews, with direct visibility with the company's
leadership team (Chief Actuary, CFO, CRO and CEO)People Management:
- Leads, manages, and directs the activities of the department in
all areas, including developing effective people strategies.
- Fosters a positive and engaged work environment via active
mentoring and coaching at all levels.
- Contributes actively to and supports the broader product
Leadership team to foster collaboration, talent development and
career growth.Attributes:
- Advanced knowledge of product development and management
processes and tools
- Exceptional oral and written communication skills with the
ability to convey information in a way that is meaningful and
compelling to a variety of audiences
- Highly advanced ability to thrive in a fast-paced environment
and deliver quality results under tight timeframes.
- Expert persuasion and negotiation skills when working with
internal/external customers to resolve issues/problems.
- Marked ability to attract, develop and retain top talent with a
strong commitment to DEI.
- Exceptional ability to make timely and effective decisions and
produce results through strategic planning combined with a passion
for execution.
- Ability to maintain a visible presence in our Springfield, MA
campus and to visit our other locations (Boston, New York) as
needed.THE MINIMUM QUALIFICATIONS
- 10+ years life insurance product leadership position
- Deep knowledge of the life insurance competitive landscape,
product structuring and pricing
- Effective communication skills across all mediums (verbal,
written, presentation)
- Proven track record of innovative life insurance product
development
- Culture carrier and significant management experience
- Technical life pricing skills
- High level of critical thinking
- College Degree
- Model MassMutual's Core Values: Focus on the Customer, Act with
Integrity, Value People, Work Collaboratively, Achieve ResultsTHE
IDEAL QUALIFICATIONS
- FSA strongly preferred
- Familiarity with Mutual company dividends and participating
policyowner dynamicsWHAT TO EXPECT AS PART OF MASSMUTUAL AND THE
TEAM
- Regular meetings with the Product team and senior management
committees
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian,
Hispanic/Latinx, African American, women, LGBTQ, veteran and
disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational
platforms
- Your ethics and integrity will be valued by a company with a
strong and stable ethical business with industry leading pay and
benefits#LI-IZ1MassMutual is an Equal Employment Opportunity
employer Minority/Female/Sexual Orientation/Gender
Identity/Individual with Disability/Protected Veteran. We welcome
all persons to apply. Note: Veterans are welcome to apply,
regardless of their discharge status.
If you need an accommodation to complete the application process,
please contact us and share the specifics of the assistance you
need.
Keywords: MassMutual, Stratford , HEAD OF LIFE PRODUCT, Accounting, Auditing , Springfield, Connecticut
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