Corporate Vice President, Product Development & Strategy
About The Position
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 for New York Life. Today, the business has $600M+ of premium in force, 500+ group clients, and nearly 1M customers. To advance this next chapter of growth, GMAD is seeking a Corporate Vice President, Product Development & Strategy 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 the executive presence to influence senior stakeholders and drive alignment in a complex, matrixed organization.
Requirements
- 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 is critical to this role,
- Executive presence and strong communication skills, with experience presenting to senior leadership audiences.
- Bachelor’s degree required; MBA or advanced degree a plus.
Responsibilities
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
