Product Manager, Growth Initiatives

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.