Job Classification:
Product Management - Product Management
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!
Within Prudential Retirement Strategies, we take protecting financial outcomes personally. Everyone deserves a stronger financial future. We deliver industry-leading strategies for growth and protection to help more individuals get from where they are now to where they want to be.
As a Product Manager, you will be part of the Individual Retirement Strategies Product Management team, reporting to the Vice President, Product Management. You will play an important role in the portfolio management of our business, including (but not limited to) engagement in product-level rate setting processes, partnering with cross-functional teams to evaluate and make decisions based on business metrics, and monitoring of the competitive landscape to influence strategy.
The current Employee Work Arrangement for this opening is Hybrid or Remote. The employee will work 1-2 days a week at a Prudential location in Newark, NJ, Dresher, PA, or Shelton, CT. If you are not near these locations, we are open to remote hire. Employee will be required to attend or go into the office for any mandatory onsite/offsite meetings/trainings. Employee Work Arrangement is the businesses decision and can be adjusted or changed for business reasons at any time.
What You Can Expect:
- Monitor and report on emerging sales trends across the Individual Annuities portfolio.
- Maintain awareness of competitor rate actions and relative positioning of products.
- Establish and manage relationships with the Business Intelligence teams to drive continuous improvement on the portfolio of Product Management dashboards.
- Partner with Competitive Intelligence to understand product positioning and remain aware of industry trends across all distribution channels (i.e., Bank, Wire, Independent, etc.).
- Partner with Pricing to develop pricing assumptions, profitability levers, and ensure alignment with corporate expectations and business strategy.
- Support the development of materials for senior audiences to communicate results and garner approval for proposed rate actions.
- Collaborate with key stakeholders to support and articulate the rate changes for both internal and external audiences.
- Establish relationships and build credibility across the business by effectively communicating rate updates and positioning to all levels of the organization.
What You'll Need:
- Bachelor’s Degree or equivalent experience
- 5+ years of experience in annuities, insurance, or retirement solutions
- Strong financial and business acumen
- Strong analytical skills, preferably with advanced knowledge of Microsoft Excel
- Exceptional collaboration skills and ability to partner with a wide variety of other functions and levels, including Sales, Operations, IT, Control functions, Investment Management, Marketing, and Actuarial functions
- Exceptional verbal and written communication/presentation skills
It'd Be a Plus If You Had:
- Approaches work with intellectual curiosity
- Self‐motivated, proactive, and able to work independently or as part of a team
- Highly organized and adept at handling multiple, changing priorities
- Skilled at resolving conflict and negotiating effectively and tactfully
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. People who have successfully developed their skills in this role have gone on to be promoted to an Internal Wholesaler which can lead to a potential career in wholesaling, operations, leadership, and product roles.
We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:
- Market competitive base salaries, with a yearly bonus potential at every level
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
- Retirement plans:
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
- Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
- Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
- Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $125,000.00 to $186,100.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
