Director, Product Development

Unum | Portland, ME

Posted Date 10/10/2018
Description Job Posting End Date: 10/30

Unum is a company of people serving people. As one of the world's leading employee benefits providers and a Fortune 500 company, Unum's financial protection benefits help protect more than 33 million working people and their families from the financial impact of illness or injury. Unum's three distinct, but similarly focused US businesses – Unum US, Colonial Life, and Starmount Life – are each a market leader in making disability, life, accident, critical illness, dental, and vision insurance accessible in the workplace.

Headquartered in Chattanooga, Tennessee, Unum has significant US operations in Portland, Maine, Worcester, Massachusetts, and Glendale, California with over 35 field offices nationwide. Colonial Life is headquartered in Columbia, South Carolina with over 40 field offices nationwide. Starmount Life is based in Baton Rouge, Louisiana, and is the dental and vision center of excellence for Unum in the US.

General Summary:

• This position will provide leadership and comprehensive management of a product line working closely with internal constituents, external partners and customers to ensure alignment with distribution strategies, growth opportunities and market objectives. The incumbent is accountable for the development of new product design, execution of marketing and product development strategies, and monitoring of the market environment for indicators requiring adjustments to the overall plan. The incumbent for this position is accountable for owning the strategic analysis of internal and external market dynamics.

Principal Duties and Responsibilities

  • Drives the execution of the strategic vision and development pipeline for specific products and/or capabilities. Owns recommendations, development, profitable design, marketing, integration and implementation of new or existing market programs, products and product options.
  • Utilizes and leverages technology to drive solutions.
  • Provides ongoing market assessments which captures internal and external dynamics and recommends course of action supported by CBA and strategic rationale.
  • Works with manager and internal/external parties to ensure that the portfolio is compliant with regulations.
  • Partners with other functional areas (such as IT, Underwriting, Pricing, Sales Support, Field Sales and Service, Benefits, Client Services, Marketing, Compensation, CC&F, Law Department and Training) to vet opportunities and ensure appropriate resources are available to meet development goals.
  • Presents to field management, brokers and industry groups.
  • Facilitates conflict resolution across the business areas and ensures the appropriate strategic and tactical decisions are reached.
  • Accountable for training of field and home office constituents.
  • May perform other duties as assigned

    Job Specifications

  • BA/BS required; MBA preferred
  • 7+ years of business experience, preferably in financial services industry or in marketing, product development or brand management
  • Proven leadership skills and abilities necessary to leverage functional partner relationships across the corporation
  • Must be a strategic thinker, able to execute at a tactical level
  • Ability to support other product initiatives as part of a "fungible" pool of Product Development professionals
  • Attentive focus on delivering timely results and executing on plans to support corporate growth and financial results.
  • Superior proven ability to handle multi-dimensional projects, to execute accountabilities, and deliver quality results through multiple organizational areas not under his/her direct span of control


Unum and its family of businesses offer world-class training and development, generous compensation and benefits packages, and a culture built on employee ideas.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.


Geographic Region
Greater Portland/Casco Bay
Industry
Information Technology | Insurance | Management | Software

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