Job Requisition ID: 90866
Location Designation: Hybrid - 1 day per quarter
Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life’s legacy of being there when we’re needed most. Here, you'll design, implement, and support these solutions directly impacting employees’ lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.
Role Overview:
Reporting to the Benefits Technology Lead, this position will support the build out and definition of the benefitstechnology roadmap, lead key initiatives in support of the roadmap, and focus on the development and strengthening of long term strategic relationships with benefits technology partners.
What You’ll Do:
Develop and manage aligned benefits technology vendor relationships, serving as single point of contact. Oversight of contract negotiations and management of ongoing performance of agreement; ongoing evaluation to the division and our clients based on established expectations and goals. Identification and facilitation of issue resolution for aligned relationships.
Work collaboratively with cross matrix partners to gather market intelligence about products, pricing, positioning, value propositions, channel conflicts/opportunities to inform development /implementation of winning strategies and tactics.
Build and maintain a level of technical knowledge about technology solutions and partners. Act as the SME resource and point of contact for preferred partners and the benefits technology industry as a whole.
Create, distribute, and educate sales teams (internal and external) with effective tools and materials that articulate the value proposition of preferred vendors and the benefits technology industry.
Identification and facilitation of enrollment and administrative process efficiencies for benefits technology relationships.
Responsible for key initiatives and critical functions, e.g. benefits technology funding, in support of the benefits technology roadmap in support of profitable growth (including new sales, inforce growth, persistency, and participation results).
What You’ll Bring:
Bachelor’s degree in business, health management or related field; with a minimum of 8 years of experience in the insurance industry; benefits technology experience preferred.
Proven track record of developing strong relationships with distribution partners and vendor technology.
Ability to identify strategic needs and lead with little or no direction, resource key projects, and drive sound business direction based on market findings.
Open minded and creative – seeks ‘out of box’ solutions.
Ability to provide leadership and direction to cross-functional teams to ensure successful outcomes.
Goal oriented and personally accountable; resourceful and self-directed.
Ability to work effectively in dynamic, rapidly changing, team-based environment.
Act with agility and start up mentality; be prepared to engage quickly, switch gears, and take the next best action.
Competencies:
Results - Proven track record of developing successful relationships with third party vendors, exceeds goals and key performance indicators; evidence of the ability to consistently make good decisions through a combination of analysis, wisdom, experience, and judgment; high level of business acumen, problem solving, project management, and creative resourcefulness.
Strategic and drive innovation - Ability to think strategically, anticipate future consequences and trends, and incorporate them into the organizational plan.
Relationship Building - Enterprise thinker with proven ability to influence across a matrix environment. Ability to develop strong relationships across all levels of the organization, and with external partners.
Communication - Strong and effective communication skills; ability to create and communicate a compelling vision internally and externally.
Action Oriented - Enjoys working hard and looks for challenges; able to act and react as necessary, even if limited information is available; not afraid to take charge of a situation; can overcome resistance to leadership and take unpopular stands when necessary.
It is recommended that all qualified candidates apply to this posting as soon as possible. Residents of Colorado are hereby notified that the deadline to apply is 2 weeks from the Posting Date listed above.
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Pay Transparency
Salary range: $85,000-$125,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Job Requisition ID: 90866
