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Head of Life Product

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MassMutual

2mo ago

  • Job
    Full-time
    Expert Level
  • Business, Operations & Strategy
    Product
  • Hartford

AI generated summary

  • You should have 10+ years in life insurance product leadership, deep industry knowledge, effective communication skills, innovative development experience, management expertise, and an FSA preferred.
  • You will lead life product innovation, manage pricing and profitability, oversee regulatory impacts, collaborate across functions, and mentor your team while engaging with industry leaders.

Requirements

  • 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 Results
  • FSA strongly preferred
  • Familiarity with Mutual company dividends and participating policyowner dynamics

Responsibilities

  • 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.
  • 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.
  • 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).
  • 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.

FAQs

What is the main responsibility of the Head of Life Product at MassMutual?

The Head of Life Product is responsible for ensuring the life insurance product portfolio aligns with the firm’s strategy, overseeing all aspects from concept development to pricing and implementation, while driving innovation and growth in the whole life franchise.

What is the desired experience for candidates applying for this role?

Candidates should have 10+ years in a life insurance product leadership position, with deep knowledge of the competitive landscape, product structuring, and pricing.

Is having an FSA designation preferred for this position?

Yes, an FSA designation is strongly preferred for candidates applying for this role.

What attributes are important for success in this role?

Important attributes include advanced knowledge of product development, exceptional communication skills, ability to thrive in a fast-paced environment, expert persuasion and negotiation skills, and a commitment to diversity, equity, and inclusion.

Are there opportunities for mentorship within the company?

Yes, there are access to mentorship opportunities as part of the employee experience at MassMutual.

What kind of team will the Head of Life Product be working with?

The Head of Life Product will work with a dynamic senior leadership team that includes pricing and implementation experts dedicated to the life insurance product suite.

Will the Head of Life Product have visibility with the company’s leadership team?

Yes, the Head of Life Product will represent the life product function at executive level business reviews and have direct visibility with the company’s leadership team.

How does MassMutual value diversity and inclusion in its hiring practices?

MassMutual is an Equal Employment Opportunity employer and welcomes applications from all persons, including those from minority backgrounds, women, LGBTQ individuals, veterans, and persons with disabilities.

What is expected in terms of travel for this position?

The role requires the ability to maintain a visible presence in the Springfield, MA campus and visit other locations such as Boston and New York as needed.

Can candidates expect regular meetings with management?

Yes, candidates can expect regular meetings with the Product team and senior management committees as part of their engagement.

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MassMutual

Finance
Industry
5001-10,000
Employees

Mission & Purpose

Living mutual has always been at the core of our human existence, and it's the principle that's guided us since our founding in 1851. It's not a concept we invented, but one we champion for the simple reason that people take it for granted today. While the world would have us strive for independence, the truth is when we depend on one another, we aren't just more secure - life is happier and more fulfilling. So as we celebrate our new identity, we're reminding everyone that who we are stays the same.