28 days old

Director, Product Management - LIF000DE

Prudential
Roseland, NJ 07068
  • Job Code
    603000
Primary Location United States-New Jersey-Roseland
Job:Full-time
Travel:
Description
!*!

Do you want to be part of a smart, ambitious professional team working together to create a better future for our customers and our communities across the US?

 

Become a part of Prudential

As one of the most recognizable financial services companies in the world, Prudentials employees are building on our 140-year history of financial strength with a focus on innovation and transformation to meet tomorrows most complicated challenges. We are committed to growth and development in every single employee, and we see our business success as a direct result of our talent.

 

What is Group Insurance?

Group Insurance is an operating unit within the U.S. Businesses Division of Prudential that primarily focuses on creating, distributing, and administering a complex range of life and disability insurance products for many top Fortune 500 companies. Prudential has been underwriting group insurance plans since 1916.  Today, our Group Insurance business unit is the nations second largest group life carrier and a leading disability carrier, proudly servicing nearly 20,000 clientsand insuring more than 20 million employees and their families.  Group Insurance has operation centers across the United States.

 

What will you do and what impact will you have?

The Director of Advanced Markets Product Management supports forecasting, planning, development, marketing, operations, and sales activities throughout the product life cycle.  Products managed may include the following:  Multinational Pooling, Captive Insurance, Retiree Life Buyouts, Insurance Continuance Funds, Voluntary Retiree Reducing Term, Financial Devices and Group Variable Universal Life/Group Universal Life.  Their primary role is to:

  • Oversee the day-to-day management of a product offering by utilizing data, metrics, and market feedback to form deep insights and provide recommendations to GI Product leadership that will enable product enhancements and strategic decision making. 

  • Execute and collaborate with core business partners to deliver critical product lifecycle processes that enable overall product and portfolio strategies.

  • Collaborate and partner with functional counterparts across Group Insurance.

  • Work on various projects and initiatives supporting Product Owners across the product portfolio, with ability to execute projects in scope and in budget. 

  • Maintain the P&L including: understand and manage key P&L drivers, understand how decisions impact the P&L, manage operating budget, drive efficiencies, and manage through obstacles.

  • Monitor performance indicators of product offering and translate into actionable strategies and next steps for the marketplace, for internal improvements, etc.

  • Resolve issues that arise with product offerings.  Escalate issues to Product Owner to engage other teams when necessary.

  • Engage in the marketplace and with external partners to represent Prudentials capabilities, support the sales process and gather input from key external stakeholders.

  • Partner to develop and file contract language

  • Support product governance requirements, including those associated with variable life insurance

  • Track product specific metrics, provide data to support the broader portfolio view, and identify gaps and opportunities for improvement.

  • Help analyze data and support business case for new product enhancements (i.e., product specific KPIs, marketing data, customer data, competitive data, sales, etc.)

  • Serve as the subject matter expert on the product.

  • Review and assess emerging regulatory issues and requirements.

  • Conduct cost benefit analyses and update the product business case to support recommendations provided to the Product Owner.

  • Identify additional product enhancement opportunities.

  • Conduct annual strategy refresh to identify shifts in the marketplace.

  • Perform competitive, market, customer, and segment analysis.

  • Provide input into distribution capacity planning process.

  • Develop a comprehensive point of view on industry trends and the broader market and competitive landscape.

  • Participate in industry groups as appropriate.

  • Ensure marketing messaging is kept current and in alignment with product strategy.

  • Educate Distribution and Functional Partners on Products.

  • Support Distribution in sales and account management activities as the product expert when needed.

 



Qualifications
@!*!
  • 5 years of product management/development, marketing or related experience.

  • Strong managerial and leadership skills

  • Experience with multinational pooling, captive reinsurance, retiree life buyouts, insurance continuance funds, voluntary retiree reducing term, group variable universal life/group universal life plans and financial devices is preferred.

  • Project Management or other related experience such as underwriting, marketing, pricing, etc.

  • Experience building internal relationships and working across a highly-matrixed organization.

  • Experience analyzing large data sets and interrelated metrics from disparate sources, that enable strategic decision making.

  • Outstanding communication and problem-solving skills.  Ability to make decisions in an ambiguous / fast-paced environment, communicate rationale and make adjustments mid-course.

  • A customer-centric focus to keep customers in forefront of decisions, connecting plans and actions to purpose of serving clients.

  • Creative and innovative thinker.

  • Ability to thrive in a complex, dynamic environment.

  • Bachelors Degree preferred.

  • Series 6 and 63 preferred; will be required to be obtained within 6 months of hire.




@!*!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 companys 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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Posted: 2020-09-29 Expires: 2020-10-29

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Director, Product Management - LIF000DE

Prudential
Roseland, NJ 07068

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