Manager, Product Development

Job Posting End Date: November 04

When you join the team at Unum, you become part of an organization committed to helping you thrive.

Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide:

• Award-winning culture

• Inclusion and diversity as a priority

• Performance Based Incentive Plans

• Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability

• Generous PTO (including paid time to volunteer!)

• Up to 9.5% 401(k) employer contribution

• Mental health support

• Career advancement opportunities

• Student loan repayment options

• Tuition reimbursement

• Flexible work environments

*All the benefits listed above are subject to the terms of their individual Plans.

And that’s just the beginning…

With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!

General Summary:

The product manager is responsible for implementing the product development strategy and leading the comprehensive management of one or multiple product lines that could be on individual and/ or group platforms throughout the product life cycle.

This position works closely with internal constituents, external partners and customers to ensure product line strategy is aligned with distribution strategies, market needs, growth opportunities, and profitability and risk thresholds. This position drives strategic planning and must influence others in executing to plan. In doing so, the product manager formulates, prepares and oversees the implementation of product and marketing strategies for a product line that includes developing new products and enhancing existing products to meet sales growth, profitability and persistency objectives. The product manager is responsible for ensuring their product line is competitive and meets future marketplace demands and directs marketing strategies to increase product sales across distribution channels and market segments.

Principal Duties and Responsibilities

• Executes product development projects, managing large, complex and cross-functional initiatives. Assists in the coordination of all activities relative to the development of potentially profitable products, determines criteria used in screening product ideas, and prepares complete proposals for management action.
• Serves as the subject matter expert for the assigned product line and point of contact for the field for product/capability queries, and how to position against competitors.
• Develops strategies to remain competitive by monitoring sales patterns and understanding, with a high level of expertise, the competitive environment.
• Performs and initiates field and market research, using data to identify product trends and deliver product and process recommendations to management.
• Drives effective and profitable design, marketing, management, and integration of new and enhanced/improved product offerings as well as delivering internal training as needed.
• Influences decisions for competitive pricing, compensation and service strategies to meet product objectives. Leads product line inforce reviews and product accountability teams. Evaluates the effectiveness of product performance and makes recommendations for improvements.
• Coordinates with various functional areas to identify technical and procedural requirements needed for implementing and administering existing products.
• Participates in successfully positioning the product portfolio in various communication, presentation, education and training capacities with the sales organization and distribution channels.
• Works with advertising and marketing programs to develop product marketing campaigns with an emphasis on market segmentation and channel strategy.
• May perform other duties as assigned.

Job Specifications

• BA/BS or equivalent related work experience required; MBA a plus but not required
• Three to five years of professional job related experience preferred
• A strong aptitude for conceptualizing, communicating and selling new concepts while also being able to take an analytical, quantitative and data-driven approach to decision making, problem solving and strategic development
• Proven ability to manage and deliver complex, multi-dimensional projects
• Strong sense of urgency and time management skills
• Excellent communication skills and ability to influence change
• Effective presentation skills to small and large groups
• Strong external presence with ability to build relationships and work credibly with the sales organization
• Ability to work in a collaborative environment within and across functions
• Travels to meet with field sales management and customers

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Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.

Unum is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person's race, color, religion, national origin, age, genetic information, military status, gender, sexual orientation, gender identity or expression, disability, or protected veteran status.

The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.

$75,500.00-$142,700.00

Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.

Company:

Colonial Life