Product Management Principal - Life Insurance
Company: USAA
Location: Phoenix
Posted on: May 18, 2024
Job Description:
Why USAA?Let's do something that really matters.
At USAA, we have an important mission: facilitating the financial
security of millions of U.S. military members and their families.
Not all of our employees served in our nation's military, but we
all share in the mission to give back to those who did. We're
working as one to build a great experience and make a real impact
for our members.
We believe in our core values of honesty, integrity, loyalty and
service. They're what guides everything we do - from how we treat
our members to how we treat each other. Come be a part of what
makes us so special!The OpportunityAs a dedicated Product
Management Principal - Life Insurance, you will serve as a
significant and critical contributor to the strategic direction of
Life Company's product road map development, delivery of product
roadmap, driving innovation and maximizing the value of the
products to best serve the membership. As a subject-matter expert
in the Life Insurance industry, utilizes industry knowledge and
resources, market data, and member insights to formulate
recommendations to executive leadership based on analysis of
profitability, competitiveness, and sales performance to drive the
development and launch of new products. Oversees new product
launches and continuously evaluates product performance, ensuring
alignment with business' vision and strategic direction. Works
extensively and collaboratively with internal stakeholders to
support delivery and sustainment of industry leading product
offerings. Appropriately assesses risk of all proposals and
recommendations based on life insurance related regulations, and
risk and compliance requirements.We offer a flexible work
environment that requires an individual to be in the office 4 days
per week. This position can be based in San Antonio, TX, Tampa,
FL., Phoenix, AZ., Colorado Springs, CO. or Charlotte, NC.
campuses. San Antonio, TX is the preferred location. - - Relocation
assistance IS available for this position.What you'll do:
- Responsible for strategically driving the development, launch,
support, and improvement of Life insurance products in partnership
with executive leadership. Leads the execution of innovative life
insurance products that drive market share growth and delivers
exceptional and differentiated customer value; optimizes product
mix, leveraging segmentation to drive profitability metrics, member
satisfaction, and retention strategies.
- Demonstrates executive level thought leadership for strategy
development and applies technical expertise to produce innovative
solutions in support of Life Company and Enterprise strategic
direction. This includes compiling, analyzing, and interpreting
complex data and market insights to make strategic and tactical
recommendations to products, services or experiences for life
insurance products and the line of business.
- Utilizes subject matter expertise as it relates to Life
Insurance industry standards and benchmark data to inform senior
leadership of key market intelligence to help continuously shape
product vision; serves as a product and industry subject matter
expert, educating and increasing product and industry acumen among
business partners.
- Ensures alignment, prioritization, and coordination of product
road map activities contributing to increased profitability,
improved competitiveness, and outsized sales performance.
- Works directly with Life Strategy Team and Data & Analytics to
develop product dashboards and metrics that demonstrate a clear
understanding of funnel metrics that support analyzing and
evaluating strategic performance in alignment with life insurance
strategy.
- Has shared accountability, along with P&L leadership, of
assigned life insurance product suite for appropriateness of
financials, marketing strategy, market competitiveness, member
experience, regulatory compliance, risk management, as well as
efficiency of operational process improvements and technology
delivery.
- Works collaboratively with cross-functional team to include
Product, Marketing, Finance, Credit Risk Management, Legal,
Information Technology, Operations, and the Distribution Sales and
Services teams to deliver an industry leading product
offering.
- Ensures risks associated with business activities are
appropriately identified, measured, monitored, and controlled in
accordance with risk and compliance policies and procedures.What
you have:
- Bachelor's Degree in Business, Marketing, Supply Chain
Management, Statistics, or related discipline; OR 4 years of
related experience (in addition to the minimum years of experience
required) may be substituted in lieu of degree (Total of 14 years
of experience without bachelor's degree)
- 10 years of industry experience in product management, digital
transformation, data science or visualization, actuary,
underwriting, marketing, or sales/service within the Financial
Services industry.
- 6 years of professional experience leading all aspects of a
Life, Annuity, or Health structure product development within a
large-scale and digital insurance platform. - -
- Advanced knowledge and wide range of expertise in life
insurance, annuities, investment, and/or health products.
- Proven subject-matter expertise experience in product strategy
and product roadmap development.
- Extensive understanding of product P&L and ROI drivers;
entrepreneurial spirit and excitement of developing products from
an early stage.
- Advanced in analysis and data interpretation with a wide-range
experience leveraging different types of data to form hypotheses,
test those hypotheses and recommend solutions.
- Deep knowledge of applicable product related regulations, and
risk and compliance requirements.
- Demonstrated ability to think strategically to build
strategies, leverage and influence leadership and cross functional
teams to execute major initiatives.
- Excellent written and verbal communication skills; experience
working with an executive stakeholder audience which is comprises a
broad span of organizational levels. -What sets you apart:
- US military experience through military service or a military
spouse/domestic partner
- 10 or more years of industry experience in product development
and product strategy
- Subject matter level expertise in Life Insurance industry
- Experience with distribution, digital and/or sales
experience
- 2 or more years of Proven Risk management experience
- Graduate degree or equivalent designation
- 2 or more years of IT/Agile experienceThe above description
reflects the details considered necessary to describe the principal
functions of the job and should not be construed as a detailed
description of all the work requirements that may be performed in
the job.What we offer:Compensation: USAA has an effective process
for assessing market data and establishing ranges to ensure we
remain competitive. You are paid within the salary range based on
your experience and market data of the position. The actual salary
for this role may vary by location. The salary range for this
position is: $158,960 - $303,830.Employees may be eligible for pay
incentives based on overall corporate and individual performance
and at the discretion of the USAA Board of Directors.Benefits: At
USAA our employees enjoy best-in-class benefits to support their
physical, financial, and emotional wellness. These benefits include
comprehensive medical, dental and vision plans, 401(k), pension,
life insurance, parental benefits, adoption assistance, paid time
off program with paid holidays plus 16 paid volunteer hours, and
various wellness programs. Additionally, our career path planning,
and continuing education assists employees with their professional
goals.For more details on our outstanding benefits, please visit
our benefits page on USAAjobs.com.Applications for this position
are accepted on an ongoing basis, this posting will remain open
until the position is filled. Thus, interested candidates are
encouraged to apply the same day they view this posting. -USAA is
an Equal Opportunity Employer. All qualified applicants will
receive consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran.
Keywords: USAA, Goodyear , Product Management Principal - Life Insurance, Executive , Phoenix, Arizona
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