Job Classification:

Product Management - Product Management

The Product Manager supporting the Growth Initiatives P&L within the Individual Retirement Strategies Product organization will play a key role in optimizing profitability for the expanding portfolio of Growth solutions. Through evaluating business metrics and collaborating with cross-functional partners, the Product Manager will monitor profitability drivers and competitive markets and evaluate opportunities to enhance enterprise value.

Primary Responsibilities:

• Monitor emerging business results, market insights, and changes to the economic and regulatory environments
• Partner with Pricing to understand evolving changes in product pricing inputs and assumptions and their influence on product economics
• Collaborate across the business system to manage all aspects of the P&L, proactively managing the economics of new and inforce business to maximize value generation and manage risk
• Maintain awareness of competitor rates and relative positioning of products in the Growth portfolio
• Manage relationships with key stakeholders on the Future Growth Initiatives team to share insights and gather feedback on proposed rate action
• Support RFP / RFI response efforts as well as the development of pitch decks, term sheets, and other materials used in cultivating Future Growth pipeline opportunities
• Partner with the Individual Retirement Strategies Product Development team to evaluate the viability of prioritized innovation initiatives to define the Growth Initiatives product roadmap
• Leverage the empowered business model to execute upon the Growth Initiatives product roadmap through the Product Development, Product Support, and Product Implementation teams

Qualifications:

• Bachelor’s Degree or equivalent experience
• 5+ years of experience in annuities, insurance, or retirement solutions
• FINRA Series 6 or 7 license preferred
• 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
• 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

What we offer you:

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 $123,700.00 to $204,100.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• 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.

• 401(k) plan with company match (up to 4%).

• Company-funded pension plan.

• Wellness Programs 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.

• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

• 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.

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.