SVP Benefits Product

As the Senior Vice President of Product of Benefits, you will set the vision for the future of Benefits, defining the key strategic priorities and leading the development and implementation of cutting-edge products that meet the evolving needs of our clients, ensuring compliance, enhancing user experience, and maximizing operational efficiency. As a key member of the Benefits Sr. Leadership team, you will partner closely with Commercial, Operations, and Technology to shape business strategy, strengthen our competitive edge, introduce innovative
solutions, and optimize monetization, all while maintaining a reliable, compliant core offering. In this role, you will be responsible for creating an integrated product vision and strategy that drives high-value business outcomes by addressing our customers' major pain points through product innovation. This leader will also embrace strong leadership and transformation skills to build a culture of customer driven innovation, rapid experimentation, collaboration, data-driven
decisions, and accountability.
Key aspects of this role include:
● Product Strategy and Vision: Develop and execute a bold vision for the Benefits product offerings, supported by rapid experimentation, external competitive assessment, and strategic partnerships and/ or acquisition to build confidence and traction, including the current small business portfolio, our new acquisition, and new product ideas. Boldly explore AI product opportunities to drive new revenue growth through innovative product launches and strategic monetization initiatives.
● Market and Customer Focus: Understand and incorporate market trends, customer needs, and competitive landscape into product strategy. Lead the cross-functional team in deeply understanding the needs of all key partners.
● Experimentation and Launch: Lead the entire product lifecycle from ideation to rapid experimentation, scaling, and successful market launches that drive revenue. Be willing to make the difficult decisions to stop or pivot as needed, and accelerate where warranted.
● Outcomes focus: Lead with a mindset of accountability and a bias for learning and action, creating a culture of rapid experimentation to deliver on business and customer outcomes and measuring results.
● Commercial Mindset: In partnership with key players across WEX, develop and execute strong go-to-market strategies, including pricing, packaging, marketing, and sales enablement, to ensure successful product adoption and profitable revenue growth.
● Team Leadership and Development: Build and lead a team of product managers through clear prioritization, frequent coaching, and transparent feedback, creating a culture of inclusiveness, empowerment, results, and trust.
● Cross-functional Leadership: Collaborate effectively across a matrixed organization, working with teams in marketing, sales, operations, and technology to drive product success.
How You’ll Engage:
● Transformational Approach: Understands that visionary thinking and new ways of working are critical to accelerating WEX’s competitive edge in the Benefits landscape.
● Strategic Mindset: Thinks big while working with executives and peers to develop long-term strategies that impact multiple products and services across WEX, identifying opportunities to win and scale.
● Customer Obsessed: Defines and leads with E2E customer experience and ideal state at the front, ensuring teams are focused on understanding the “why” behind customer behavior and iterating to solve it.
● Results Focused: Leverages vision, strategy, and outcomes to align the team on priorities and role models E2E thinking by deeply understanding technology,
business, commercial and customer needs and transparently prioritizes against all to deliver great experiences.
● Insights Driven: Develops, nurtures, and role models a culture of data-driven
decision-making across their teams and constituents by using data and judgment to lead through ambiguity for trade-offs and critical prioritizations.
● Relevant Expertise: Has a deep expertise in customer, market, industry, tech, and/or craft - often in more than one of these and looked to both internally and externally as a thought leader and influencer.
● Trusted Partner: Partners across WEX to deliver on "One WEX" opportunities,
including thinking about shared capabilities, financial optimization, and different horizons and building a cross-functional team environment across E2E team (Sales, Marketing, Design, Dev, Support) where transparency, trust, and collaboration are prioritized.
● Talent Steward: Builds and manages a high performing team to have the right skills and competencies to deliver on future vision. Is a role model for how to build an environment in which product managers have clarity on roles and responsibilities, know what success looks like, grow their craft, and can do meaningful work.
 

The base pay range represents the anticipated low and high end of the pay range for this position. Actual pay rates will vary and will be based on various factors, such as your qualifications, skills, competencies, and proficiency for the role. Base pay is one component of WEX's total compensation package. Most sales positions are eligible for commission under the terms of an applicable plan. Non-sales roles are typically eligible for a quarterly or annual bonus based on their role and applicable plan. WEX's comprehensive and market competitive benefits are designed to support your personal and professional well-being. Benefits include health, dental and vision insurances, retirement savings plan, paid time off, health savings account, flexible spending accounts, life insurance, disability insurance, tuition reimbursement, and more. For more information, check out the "About Us" section.Pay Range: $271,000.00 - $360,500.00