AVP, US Product Management

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Working Arrangement

Job Description

The opportunity

The AVP, Product Management plays a key leadership role for John Hancock’s life insurance business. This person will lead a team of product managers, specialists and actuaries to generate ideas for product actions, obtain leadership buy-in on recommendations, and drive the development of new insurance products that supported the strategic business objections.

This role is within John Hancock’s Product Development organization, which has a well earned reputation for developing innovative life insurance products that benefit customers and shareholders, all while maintaining the confidence of the company’s sophisticated network of independent producers and distribution partners.

This person will:

• Lead and mentor a team of Product Managers to conceptualize, evaluate, and develop new products and ongoing product enhancements.

• Generate innovative ideas for new insurance products and product enhancements, aligning with market demands and strategic objectives.

• Provide recommendations to senior leadership for product actions, through John Hancock’s well established product development process

• Foster a collaborative working relationship with the Pricing team, providing strategic direction and ensuring alignment between product development and actuarial pricing efforts.

• Act as a trusted partner throughout the business – especially with Market Solutions, Strategy, Finance, Marketing and Distribution – on major strategic initiatives that involve product actions.

• Work closely with internal and external distribution partners to gather insights, address market needs, and optimize product offerings to maximize market penetration and sales, while ensuring all products meet specified financial targets.

• Provide strategic input into product’s annual planning process, turning insights about our portfolio and the market into action.

How will you create impact?

Through a deep understanding of success drivers for life insurance products and the highly competitive brokerage market, generate ideas and actions that ensure the near-term and long-term success of John Hancock’s product portfolio.

What motivates you?

• You obsess about customers, listen, engage and act for their benefit.

• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.

• You thrive in teams and enjoy getting things done together.

• You take ownership and build solutions, focusing on what matters.

• You do what is right, work with integrity and speak up.

• You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

• 10+ years of proven leadership experience in life insurance product management or similar role. Knowledge of the US life insurance market required.

• In-depth knowledge of insurance product development process, regulatory and economic environment, and the ability to drive the product lifecycle from ideation to launch and market acceptance.

• Strong understanding of market dynamics, customer needs, and competitive landscape within the life insurance market and broader financial services industry. Ability to put insights into action.

• Experience collaborating with actuarial teams and deep understanding of pricing dynamics within life insurance products.

• Excellent analytical and strategic thinking skills, with the ability to anticipate market opportunities and provide actionable recommendations.

• Effective prioritization and project management skills, with the ability to manage multiple initiatives simultaneously.

• Exceptional communication and presentation skills, with the ability to influence and collaborate with cross-functional teams and external partners.

• Strong leadership capabilities, with the ability to build and lead teams, and foster a collaborative and innovative work environment.

• Excellent relationships, internally and externally – a sought-after source for insights and ideas to drive product success

• Exceptional com