VP Product – Underwriting Strategy, US Life Insurance

Role Overview

• Lead the vision, strategy, and execution for life insurance product development and improvement.
• Conduct market monitoring and competitive intelligence to identify opportunities, segments, and approaches for competitive advantage.
• Streamline and optimize the product portfolio across the company, eliminating redundancies and ensuring profitability.
• Develop and implement future product strategies aligned with corporate objectives and market trends.
• Collaborate with sales, distribution, marketing, and customer experience teams to ensure product offerings meet client needs and business growth targets.
• Oversee the deployment and management of new products, including digital strategies and change management initiatives.
• Define and maintain underwriting philosophy, guidelines, and risk tolerance and ensure consistency across business units.
• Lead initiatives to automate underwriting processes, leveraging advanced rules engines, AI-driven risk scoring, and predictive analytics.
• Ensure underwriting systems are integrated with digital platforms for seamless agent and client experiences.
• Monitor industry trends and regulatory changes to proactively update underwriting practices.
• Establish performance metrics and reporting frameworks for underwriting efficiency and accuracy.
• Ensure compliance with regulatory standards and internal audit requirements.
• Partner with actuarial, claims, and other business units to align product and underwriting strategies.
• Mentor and develop leaders and staff, fostering a culture of innovation, accountability, and continuous improvement.
• Act as a change management catalyst to facilitate the implementation of new initiatives.

Requirements

• Bachelor’s degree in Business, Finance, Actuarial Science, Marketing, or related field; FSA preferred.
• 12+ years of progressive experience in product development and underwriting, with at least 8 years in management or senior leadership roles.
• Proven track record in product strategy, competitive intelligence, and underwriting automation.
• Strong knowledge of life insurance products, regulatory requirements, and risk management principles.
• Exceptional leadership, communication, analytical, and strategic thinking skills.

Benefits

• Medical Insurance: Choose from a variety of plans to fit your healthcare needs.
• Dental Insurance: Coverage for preventive, basic, and major dental services.
• Employer-Paid Vision: Comprehensive eye care coverage at no cost to you.
• Employer-Paid Basic Life and AD&D Insurance: Peace of mind and additional protection.
• Employer-Paid Short-Term and Long-Term Disability Insurance: Financial support in case of illness or injury.
• 401(k) Plan: Save for your future with a company match to help you grow your retirement savings.
• PTO and Sick Time accrue each pay period: Take time off when you need it.
• Annual Bonus Program: Performance-based bonus to reward your hard work.