VP, Product Management, Leaves & Disability, & Supplemental Health

Minneapolis, MN, United StatesPosted Oct 27
Executive

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now

The Vice President, Product Management, Leaves & Disability, & Supplemental Health is responsible for the strategic direction, growth, profitability, and market leadership of Voya's portfolio of absence, disability, and supplemental health. Reporting to the Head of Employee Benefits Product, this executive will lead product strategy, innovation, and lifecycle management while partnering closely with Distribution, Underwriting, Pricing, Actuarial, Operations, Technology, Client Management, and Risk functions.

This role serves as the enterprise leader for these product lines, ensuring Voya delivers differentiated solutions that address employer and employee needs, drive growth, improve customer outcomes, and strengthen Voya's competitive position in the market.

Key Responsibilities

Product Strategy & Business Leadership

  • Develop and execute the long-term product strategy and roadmap for Leaves & Disability, & Supplemental Health.
  • Establish growth objectives, market expansion strategies, and profitability targets across the product portfolio.
  • Monitor industry trends, legislative and regulatory developments, customer needs, and competitive dynamics to identify emerging opportunities and risks.
  • Lead the development of innovative product solutions and service offerings that enhance Voya's value proposition and market differentiation.
  • Partner with executive leadership to establish strategic priorities, investment decisions, and business plans.

Product Management & Innovation

  • Oversee the full product lifecycle, including product design, enhancement, pricing strategy, implementation, and sunset decisions.
  • Evaluate market opportunities and business cases for new products, features, and capabilities.
  • Partner with Technology and Operations leaders to prioritize product investments and digital capabilities.
  • Drive innovation initiatives related to absence management, disability management, supplemental health products, commuter benefits, and related health account solutions.
  • Ensure products remain competitive, compliant, scalable, and aligned to customer expectations.

Financial Performance & Portfolio Management

  • Maintain accountability for product line growth, revenue, profitability, market share, and customer retention objectives.
  • Partner with Finance, Pricing, Underwriting, and Actuarial teams to develop pricing strategies and profitability management programs.
  • Establish and monitor key business metrics, product performance indicators, and operational effectiveness measures.
  • Lead annual business planning, forecasting, and portfolio optimization activities.

Cross-Functional Leadership

  • Serve as the primary product leader across key enterprise stakeholders, including Distribution, Underwriting, Operations, Technology, Legal, Compliance, and Client Management.
  • Drive alignment across functional areas to ensure successful delivery of business objectives and customer outcomes.
  • Partner with Distribution leadership to develop market positioning, sales enablement strategies, and producer education programs.
  • Support strategic client and prospect engagements, including finalist presentations, executive meetings, and key growth opportunities.

Market & Customer Leadership

  • Serve as an executive spokesperson and subject matter expert for assigned product lines.
  • Build and maintain relationships with brokers, consultants, strategic partners, customers, and industry organizations.
  • Represent Voya at industry conferences, leadership forums, customer events, and partner meetings.
  • Leverage customer feedback, market research, and industry insights to guide product decisions and service enhancements.

Regulatory & Risk Management

  • Ensure compliance with applicable regulatory and legislative requirements affecting disability, absence, and supplemental health.
  • Partner with Legal, Compliance, and Risk Management teams to assess emerging risks and implement appropriate controls.
  • Lead product governance activities and ensure adherence to Voya's product management standards.

Talent Leadership

  • Build, lead, and develop a high-performing product management organization.
  • Foster a culture of innovation, accountability, collaboration, and continuous improvement.
  • Establish clear performance objectives, succession plans, and development opportunities for team members.
  • Coach and mentor future leaders within the organization.

Knowledge & Experience

  • Bachelor's degree required; MBA or advanced degree preferred.
  • 15+ years of progressive leadership experience within employee benefits, health benefits, disability, absence management, health accounts, insurance, or related industries.
  • Deep expertise in one or more of the following areas: Disability, Absence Management, Supplemental Health, or related employee benefit solutions.
  • Proven track record of developing and executing successful product strategies that drive growth and profitability.
  • Strong understanding of employee benefits distribution, underwriting, pricing, actuarial principles, operations, and customer experience.
  • Experience leading large-scale product innovation, transformation, and cross-functional initiatives.
  • Demonstrated ability to influence senior executives and lead through collaboration across complex organizations.
  • Strong financial acumen with experience managing product portfolios and business performance.
  • Exceptional communication, presentation, negotiation, and relationship management skills.
  • Proven ability to build, develop, and retain high-performing teams.

Leadership Competencies

  • Strategic Thinking & Enterprise Leadership
  • Product Innovation & Market Insight
  • Financial & Business Acumen
  • Customer-Centric Decision Making
  • Executive Influence & Stakeholder Management
  • Talent Development & Team Leadership
  • Change Leadership & Organizational Agility
  • Results Orientation & Accountability

This position plays a critical role in advancing Voya's leadership in the employee benefits marketplace by delivering innovative, customer-focused solutions that improve employee well-being while driving profitable growth across Leaves & Disability, and Supplemental Health.

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Compensation Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary inf

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