Product Consultant, Group Life and Voluntary Benefits Products

Date: Jan 11, 2019

Location: Boston, MA, US

Company: Lincoln Financial

Alternate Locations: Atlanta, GA (Georgia); Boston, MA (Massachusetts); Dover, NH (New Hampshire); Omaha, NE (Nebraska); Phoenix, AZ (Arizona)

Relocation assistance will be considered/provided for this opportunity within our company guidelines.

Requisition #58087

About the Company

Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $253 billion in assets under management as of December 31, 2017.

Ranked one of the Best Large Employers in America by Forbes magazine, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.

 

GENERAL PURPOSE OF JOB
 

This position will consult and deliver on complex product development & management initiatives,  supporting all group life insurance and voluntary (medical gap) products.  S/he will support every phase of the product lifecycle, from high level strategy and vision, to product definition and system requirements, to market launch and ongoing product monitoring to ensure Lincoln’s group products offerings  are market competitive and meet customer needs

 

DUTIES AND RESPONSIBILITIES
 

  • Maintains knowledge on current and emerging developments/trends for assigned area(s) of responsibility, assesses the impact, and collaborates with management to incorporate new trends and developments in current and future solutions.
  • Champions and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility.
  • Serves as a resource to team members and applicable internal/external stakeholders on more complex assignments/projects for his/her assigned area(s) of responsibility.
  • Identifies and recommends process improvements that significantly reduce workloads or improve quality for his/her assigned area(s) of responsibility.
  • Consults/Analyze on more complex assignments and/or projects for his/her assigned area(s) of responsibility.
  • Collaborates with key stakeholders to support development, implementation & ongoing product life-cycle management activities for assigned products to meet business & profit objectives
  • Contributes to product vision & value proposition based on customer needs and input, market and competitive information
  • Acts as a resource to contribute to the overall product strategy & road-map; defines enhancements for assigned products
  • Provides technical support related to product development & management activities and addresses day-to-day inquiries & escalated issues from home office & field associates
  • Acts as a liaison for LFG and product-related vendor teams to ensure effective & efficient service delivery; identifies and resolves more complex issues and escalates as needed to senior team members or management
  • Collaborates with product marketing partners to create effective product positioning & marketing campaigns
  • Reviews and evaluates marketing materials to ensure accuracy and consistency with objectives
  • Presents product reviews and recommendations
  • Consults and supports internal business partners throughout the product life cycle
  • Supports overall product promotion, marketing, training and communication
  • Develops product-related training materials and participates in training presentations for internal & external clients
  • Stays up-to-date on industry & regulatory changes that impact the product line; collaborates with Legal and Compliance to ensure product offering remains compliant with legislation & regulatory changes
  • Assists with gathering, reviewing, and synthesizing competitive intelligence data to identify trends & opportunities; contributes to product initiatives to capitalize on them
  • Monitors the employee benefit market frequently and stays up-to-date on industry trends and identifies new opportunities for innovation
  • Works with operations, actuarial, underwriting, and finance teams to manage product risk drivers, while ensuring continued market success
  • Proactively works with internal & external partners to enhance sales performance and meet persistency & profitability expectations

 

EDUCATION AND EXPERIENCE
 

  • 4 Year/bachelor’s degree or equivalent work experience (4 years of experience in lieu of Bachelor's) (Minimum Required)
  • 3 - 5+ Years of experience in group insurance or employee benefits directly aligned to the specific responsibilities of this role (Required)

 

TRAVEL REQUIREMENTS
 

  • Travel Type: National Domestic
  • Travel Amount: up to 10%

     

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.

Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.

Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, veterans status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.

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Nearest Major Market: Boston

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