VP, Product Management, Leaves & Disability, & Supplemental Health

Voya Financial•Minneapolis, MN

11h

About The Position

The Vice President, Product Management, Leaves & Disability, & Supplemental Health is responsible for the strategic direction, growth, profitability, and market leadership of Voya’s portfolio of absence, disability, and supplemental health products. Reporting to the Head of Employee Benefits Product, this executive leads product strategy, innovation, and lifecycle management in close partnership with Distribution, Underwriting, Pricing, Actuarial, Operations, Technology, Client Management, and Risk functions. The role is the enterprise leader for these product lines, ensuring Voya delivers differentiated solutions that address employer and employee needs, drive growth, improve customer outcomes, and strengthen Voya’s competitive position. The position leads long-term product strategy and roadmaps, portfolio growth and profitability objectives, product development and lifecycle decisions, and innovation across absence management, disability management, supplemental health, commuter benefits, and related health account solutions. It is accountable for product line financial and market performance, annual planning, forecasting, portfolio optimization, and business metrics. The role also aligns enterprise stakeholders, supports sales and strategic client engagements, represents Voya in the market, oversees regulatory and product governance matters, and builds and develops a high-performing product management organization. This position plays a critical role in advancing Voya’s leadership in the employee benefits marketplace by delivering innovative, customer-focused solutions that improve employee well-being while driving profitable growth across Leaves & Disability, and Supplemental Health.

Requirements

Bachelor’s degree required.
15+ years of progressive leadership experience within employee benefits, health benefits, disability, absence management, health accounts, insurance, or related industries.
Deep expertise in one or more of the following areas: Disability, Absence Management, Supplemental Health, or related employee benefit solutions.
Proven track record of developing and executing successful product strategies that drive growth and profitability.
Strong understanding of employee benefits distribution, underwriting, pricing, actuarial principles, operations, and customer experience.
Experience leading large-scale product innovation, transformation, and cross-functional initiatives.
Demonstrated ability to influence senior executives and lead through collaboration across complex organizations.
Strong financial acumen and experience managing product portfolios and business performance.
Exceptional communication, presentation, negotiation, and relationship management skills.
Proven ability to build, develop, and retain high-performing teams.

Nice To Haves

MBA or advanced degree preferred.

Responsibilities

Develop and execute the long-term product strategy and roadmap for Leaves & Disability, and Supplemental Health.
Establish growth objectives, market expansion strategies, and profitability targets across the product portfolio.
Monitor industry trends, legislative and regulatory developments, customer needs, and competitive dynamics to identify opportunities and risks.
Lead the development of innovative product solutions and service offerings that enhance Voya’s value proposition and market differentiation.
Partner with executive leadership to establish strategic priorities, investment decisions, and business plans.
Oversee the full product lifecycle, including product design, enhancement, pricing strategy, implementation, and sunset decisions.
Evaluate market opportunities and business cases for new products, features, and capabilities.
Partner with Technology and Operations leaders to prioritize product investments and digital capabilities.
Drive innovation initiatives related to absence management, disability management, supplemental health products, commuter benefits, and related health account solutions.
Ensure products remain competitive, compliant, scalable, and aligned with customer expectations.
Maintain accountability for product line growth, revenue, profitability, market share, and customer retention objectives.
Partner with Finance, Pricing, Underwriting, and Actuarial teams to develop pricing strategies and profitability management programs.
Establish and monitor key business metrics, product performance indicators, and operational effectiveness measures.
Lead annual business planning, forecasting, and portfolio optimization activities.
Serve as the primary product leader across enterprise stakeholders, including Distribution, Underwriting, Operations, Technology, Legal, Compliance, and Client Management.
Drive functional alignment to ensure successful delivery of business objectives and customer outcomes.
Partner with Distribution leadership to develop market positioning, sales enablement strategies, and producer education programs.
Support strategic client and prospect engagements, including finalist presentations, executive meetings, and key growth opportunities.
Serve as an executive spokesperson and subject matter expert for assigned product lines.
Build and maintain relationships with brokers, consultants, strategic partners, customers, and industry organizations.
Represent Voya at industry conferences, leadership forums, customer events, and partner meetings.
Use customer feedback, market research, and industry insights to guide product decisions and service enhancements.
Ensure compliance with applicable regulatory and legislative requirements affecting disability, absence, and supplemental health.
Partner with Legal, Compliance, and Risk Management teams to assess emerging risks and implement appropriate controls.
Lead product governance activities and ensure adherence to Voya’s product management standards.
Build, lead, and develop a high-performing product management organization.
Foster a culture of innovation, accountability, collaboration, and continuous improvement.
Establish clear performance objectives, succession plans, and development opportunities for team members.
Coach and mentor future leaders within the organization.

Benefits

Health insurance
Dental insurance
Vision insurance
Life insurance
401(k) savings plan with company matching contributions up to 6%
Employer-paid Voya Retirement Plan cash balance contribution of 4%
Tuition reimbursement up to $5,250 per year
20 days of paid time off
Nine paid company holidays
Flexible Diversity Celebration Day
40 hours of paid volunteer time per calendar year
Incentive opportunities, which may include annual cash incentives, sales incentives, and/or long-term incentives, based on role and achievement of annual performance objectives