Director, Product Development

Job Classification:

Product Management - Product Management

At 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.

Job Description:

The Prudential Retirement Strategies Product Development team is seeking a Director, Product Development to support the development of our “roadmap” for delivering solutions to market and expanding access to retirement income security. The role will be responsible for evaluating opportunities to enhance existing retirement income solutions or to develop new solutions. In particular, this individual will have ownership for the initial assessment of financial viability for the proposed designs, including financial risk, capital impacts, profitability, and asset/liability management. The financial viability is one component of the broader viability scorecard, which will be evaluated in collaboration with business partners across Prudential Retirement Strategies. This individual would then work with our Pricing partners to transition those initiatives that are deemed appropriate to proceed into formal design and pricing.

The position will report to the Vice President, Annuities Product Development and will include the following responsibilities:  

• Support our overall business strategy by identifying, prioritizing, and assessing new product opportunities and changes/enhancements for current products

• Lead viability assessments of business opportunities, inclusive of customer value, financial implications, distribution partner impacts, implementation considerations, and long-term strategic investment

• Closely partner with Actuarial, Finance, Risk Management, and other partners to understand and assess all financial implications/opportunities of potential business cases, including impacts to pricing assumptions, profitability, capital, etc.

• Drive business case development through the facilitation of cross-functional working sessions and team leadership

• Assist in the definition of short and long-term strategy and deliverables

• Manage and continuously improve innovation processes

• Ensure alignment with corporate expectations and business strategy

• Establish relationships and credibility across the business to effectively communicate product strategy to all levels of the organization

Qualifications:

• Minimum BA/BS degree or equivalent work experience
• Strong financial and business acumen and experience; ASA, FSA, or CFA preferred (in progress or completed)
• 5+ years of experience in annuities, insurance, or retirement solutions
• Strong verbal and written communication skills
• Approach work with intellectual curiosity
• Exceptional collaboration skills and ability to partner with a wide variety of other functions and levels, including Actuarial functions, Finance, Portfolio Management, Sales, Operations, IT, Control functions, and Marketing
• 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

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 $140,300.00 to $189,800.00. 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 [email protected] 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 [email protected].

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 [email protected] to request assistance.