Corporate Vice President, Long-Term Care (LTC) Product Manager - Innovation & Development

New York Life Insurance•Austin, TX

8d•Hybrid

About The Position

As a key member of New York Life's LTC Product team, the LTC Product Manager – Innovation & Development will serve as the primary engine behind new product creation and the long-term growth of the LTC portfolio. This role is responsible for leading the end-to-end development of emerging product concepts, from early-stage design and actuarial feasibility through regulatory filing, cross-functional coordination, and field launch. This individual will bridge the technical rigor of pricing and product design with the distribution realities of a competitive marketplace, translating complex actuarial and regulatory inputs into products that are both financially sound and compelling to agents and clients.

Requirements

Actuarial background required.
Demonstrated experience in LTC, life, or annuity product development, with exposure to pricing, product design, and regulatory filings.
Ability to read, interpret, and challenge actuarial analyses including pricing memos, experience studies, and sensitivity testing, and apply findings to product strategy decisions.
Strong cross-functional project management skills with a track record of driving complex initiatives across matrixed organizations.
Clear communicator and presenter. Able to convey technically complex concepts to non-actuarial audiences including senior leadership, field partners, and regulators.
Comfortable with ambiguity and energized by building; capable of moving between strategic concepting and detailed execution as workload demands.
This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.

Nice To Haves

FSA, ASA, or equivalent credential strongly preferred; candidates with significant actuarial exam progress combined with product management experience will be considered.
Familiarity with linked-benefit or hybrid LTC products preferred, exposure to emerging distribution channels a plus.

Responsibilities

Own the innovation pipeline from concept through launch, including the development of next-generation product concepts and designs.
Ensure all new products are actuarially defensible, competitively positioned, and operationally executable.
Serve as the primary product liaison to the actuarial team, interpreting pricing analyses, experience studies, and assumption frameworks to inform product design decisions.
Translate actuarial outputs into clear guidance for distribution, marketing, and senior leadership.
Apply actuarial background to evaluate product economics, assess risk-return trade-offs, and pressure-test design assumptions.
Partner with pricing actuaries to structure benefit designs that balance competitive appeal with long-term financial sustainability.
Lead product development working sessions across actuarial, legal, compliance, IT, operations, and distribution to align stakeholders and maintain project momentum from design through implementation.
Serve as the primary product liaison to Governmental Affairs, monitoring prospective federal and state legislation for product design and pricing implications.
Maintain awareness of evolving LTCI regulatory trends and proactively incorporate them into the development roadmap.
During periods between active launches, shift focus to longer-horizon concepting, strategy projects, and backstopping in-force product work as needed.