Vice President - Life Product and Economics – Remote
Symetra is seeking an experienced senior leader to serve as Vice President, Product & Economics for the Individual Life Division (ILD) — the head of product responsible for setting product direction, governing product decisions, and bringing enterprise‑level economic judgment to the initiatives shaping ILD’s long‑term growth and value. About the role The VP leads ILD’s product strategy, portfolio direction, and economic decision-making, ensuring that product choices balance growth ambition, competitiveness, capital efficiency, and risk management. This leader owns ILD product governance and product decisions, establishing decision standards, escalation pathways, and disciplined evaluation criteria. Lead through senior functional product leaders who drive day-to-day product leadership and execution, while the VP sets direction, decision standards, and accountability for outcomes. In addition, the role strengthens ILD’s forward‑looking insights and capabilities — including market intelligence, competitive positioning, and the use of data, analytics, and emerging technologies (AI) to inform decisions and improve speed to market. This is an executive leadership role and a member of the Life Leadership Team (LLT) with regular engagement across ILD and enterprise executives, including the CEO, CFO, and senior functional leaders. What you will do
- Product Strategy, Portfolio Leadership & Governance
- Set ILD’s product strategy and portfolio direction across life insurance offerings.
- Establish clear decision criteria, economic framing, and strategic priorities for product initiatives.
- Own product oversight and product decisions through the Product Committee, ensuring disciplined evaluation, alignment, and timely handling of critical issues as needed.
- Lead via senior functional product leaders who manage day-to-day execution and committee cadence.
- Division Strategy, Prioritization & Economic Vetting
- Shape ILD strategy and investment tradeoffs through rigorous economic vetting, scenario analysis, and strategic recommendations.
- Partner across actuarial, underwriting, distribution, and finance to integrate product direction with ILD’s strategic goals and operational capacity.
- Product Economics & Strategic Structuring
- Provide senior economic judgment on profitability, customer behavior, risk, capital sensitivity, and reinsurance.
- Guide complex, high impact initiatives where structure matters (e.g., large-case designs, premium financing, executive benefits, BOLI/COLI).
- Partner with Actuarial and Reinsurance leaders to evaluate risk-transfer strategies and long-term value implications.
- Market Intelligence & Competitive Strategy
- Oversee market intelligence and competitive assessment activities.
- Translate market signals, customer insights, and distribution dynamics into clear product actions and positioning recommendations.
- Distribution Partnership & External Engagement
- Align product strategy to distribution needs through close partnership with Sales and Business Development.
- Engage selectively with external counterparties (e.g., reinsurers, strategic partners) on initiatives where product economics and structuring require senior level judgment.
- Support key strategic negotiations in partnership with cross-functional leaders
- Data, Analytics & Product Enablement
- Strengthen ILD’s use of data, analytics, and emerging capabilities (including AI) to drive data-driven decision-making.
- Find opportunities to modernize product workflows and improve decision speed and operational efficiency.
- Executive Communication & Leadership
- Communicate complex product, economic, and strategic topics clearly to executive audiences.
- Serve as a strategic thought partner across ILD and contribute to division wide priorities and investment decisions. What Success Looks Like
- A clear, cohesive product strategy aligned to ILD growth goals.
- Faster, higher quality product decisions grounded in strong governance and economic rigor.
- Strong product market fit enabled by effective distribution partnership.
- Enhanced use of insights, data, and analytics to advise decisions and monitor performance.
- Confident, crisp communication on complex product and economic topics.
- A high performing product organization aligned to ILD’s strategic priorities. Why Work at Symetra Here’s what some of our employees have to say about why they work at Symetra: “We're big enough to make an impact on the country, but small enough to care and know who you are and what you're contributing to the organization. All new ideas are welcome!” - Stephanie F., VP Customer Service & Operations “I truly believe there’s something for everyone at Symetra. No matter what your passion is, if you enjoy being part of something bigger than yourself and want to make a meaningful difference, this is the place for you. We’re more than just an insurance company—we’re a community with purpose.” - Joanne S., AVP Compliance What we offer you Benefits an
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