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!
The Individual Life Insurance Product Design and Innovation organization is seeking a Product Capability Manager to join our Product Strategy Team. This role, reporting to the Director of Product Strategy and Business Capabilities, is focused on the strategy and definition of designing new Life Insurance Solutions within our Product Development Process. It requires thought leadership and critical thinking abilities to lead the design efforts of a new product initiative. This is a hands-on role where you will need to independently drive the execution of developing a product concept through idea, definition, and implementation stages of a project as the lead expert on a life insurance product’s design. In addition, this role is responsible for ensuring that the design of a product meets the strategic goals and objectives outlined in its business case.
The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:
Drives product feature definition and market research during feasibility for new product concepts.
Assists in prototyping activities around the evaluation of new product features.
Studies competitive trends to provide perspective of our Portfolio versus the Industry and analyzes internal data on Prudential’s current product portfolio to identify trends.
Manages the strategic positioning of products by working with line leadership so that clear direction is provided to actuarial team during product pricing.
Liaison throughout Product Development Process to ensure that strategic goals are achieved.
Evaluates project deliverables and provides line leadership with recommendations so that informed decisions on tradeoffs can be made.
Develops Product Specifications and Calculations for new features and is the foremost expert on a product’s definition in the insurance contract, prospectus, and other product materials.
Ensures all product requirements and distribution materials are accurate and ready for a Product’s launch.
What you’ll need:
Series 6 or successful completion within first 6 months.
Detailed oriented mindset with an ability to achieve high quality results.
Thought leader with demonstrated ability to make recommendations on tradeoffs with ability to provide direction on large cross functional projects.
Ability to work with legal and compliance experts to identify and assess any new product risks and ensure any challenges in the new product features are addressed.
Critical and abstract thinker that can absorb and maintain sophisticated product definition.
Strong written and verbal communication skills with ability to clearly convey product rules, and calculations.
Willingness to work in a fast-paced, high pressure work environment to meet project deadlines.
It’d be a plus if you had:
Bachelor’s degree – preferred.
5 Years or more of life insurance experience with a solid understanding of financial services - preferred.
Prior experience in product strategy, development and/or management – preferred.
Advanced excel skills preferred with the ability to develop product calculations in tools and examples as needed.
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. 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 such as 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.
#LI-RRJ
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 $115,800.00 to $172,300.00. 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.
