Associate Director - Product Strategy and Development
Employment Type: Full-Time
Industry: Financial Services - Insurance
The Product Strategy and Development team, part of MetLife Investment Management’s (MIM’s) Institutional Client Group, creates and implements strategic plans related to MIM’s global product agenda, with a mandate to deliver products that support both clients’ needs and business growth objectives. The team also serves as a critical connector for MIM’s stakeholders to ensure their alignment with business priorities. This role will support the broad activities of the Product Strategy and Development team. Key responsibilities include facilitation of product approvals and launch processes; management and execution of product research, competitive analysis and innovation initiatives; and assessment of products’ health. This role will also drive consensus and conclusions in relation to product strategy across multiple functions, geographies and stakeholders. Key Responsibilities: Product Strategy Work with team to design and articulate product agenda and long-term product strategy, including gap analysis Utilize CFO-provided data to measure products’ financial impact Partner with business units to refine product strategy and drive decision making; align resources behind key priorities Assess existing products’ commercial viability; guide elimination of underperforming products to assure strategic discipline Product Launch and Governance Help manage a transparent and disciplined new product approval process, including facilitation of MIM New Product Committee meetings; creation of due diligence materials for Committee review; and maintenance of Committee records Drive the product implementation process, coordinating launch activities across multiple stakeholders Partner with distribution team to define target market and sales strategy Partner with Finance to create product P&L projections Partner with multiple functions to ensure product operational readiness Maintain key reference documents related to new product initiatives and the existing product suite Support international regions’ product approval processes, as needed Help shape the evolution of the product governance framework Product Research and Competitive Analysis Help direct research initiatives that enhance new product development, existing product positioning and business strategy decision making Conduct analysis to assess product viability, including demand, profitability and scalability dimensions Partner with investment and distribution teams to build new product business cases; combine internal and external data sources to optimize insights Create due diligence reports that analyze competitors’ product ranges Produce generic and ad hoc studies focused on the industry landscape and product trends Essential Business Experience and Technical Skills: Required: Bachelor’s degree or higher 5+ years of financial services and/or consulting experience; investment management industry and financial modeling experience preferred Proactive approach to leading and directing change Ability to define and implement initiatives that have multiple stakeholders Excellent communication skills with the ability to build relationships across business units and at all levels of management Firm understanding of statistics and performance analytics Self-motivated with a lateral-thinking, creative and enquiring mind Preferred: MBA and/or CFA designation preferred Advanced skills in Excel and PowerPoint, Bloomberg experience a plus Travel Minimal Business Category Investments
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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