Vice President, Product Management

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 Strategy Team is seeking a Vice President of Term, Specialty Solutions, and Innovation to join our team. Conceptualization is purposeful to driving value-based innovation and growth, offering driven solutions for evolving customer needs, optimizing solutions for financial goals, and maintaining relevance in the marketplace.

This role is focused on identifying and defining innovative opportunities that will enable us to maintain a broad, well balanced, profitable, and competitive portfolio of Individual Life Insurance Solutions that help consumers, and their advisors, solve complex financial needs in support of Prudential's goal of being the Life Insurance Leader.

It requires a strategic mentality to define, refine and prioritize solutions to ensure we are spending our time on the most relevant opportunities aligned to our broader business goals. The individual will be responsible for leading a cross-functional ideation process, articulating the strategy, building a proof of concept, and defining the business reason.

The role will also function as the Product Line Leader for our Core Term solutions as well as Specialty solutions such as our Benefit Access Rider (BAR) for Chronic Illness protection needs. Line Leaders are responsible for ensuring the success of their product line and all initiatives supporting it.

The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as resourceful 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:

• Drive the product strategy for competitive term products and specialty solutions like BAR, that proactively meets customer needs and drives growth.

• Lead the Ideation process, including a prototyping lab, to contribute a pipeline of new innovative product solution ideas

• Help build a robust product portfolio that successfully and consistently balances the interests of customers, distributors, regulators and shareholders

• Partner with other product solution line leaders to amplify an optimal product calendar, by identifying ideas and assessing their viability

• Partner with Pricing on the view of profitability for each product and the total portfolio

• Partner with Distribution to identify the best opportunities to drive profitable sales

• Identify and prioritize objectives and market value propositions at the solution, product, and initiative level and successfully collaborate with others to complete the vision

• Deploy successful data analytics focus to inform future product & solution decisions

• Present reasons for advancement of new solutions, including what is needed for success financially and in the areas of services, sales, and marketing tools, etc.

• Maintain a well-rounded and outward facing view of what is necessary to ensure success for the solutions and all initiatives supporting it

• Proactively identify and resolve issues and obstacles preventing optimal sales potential

• Champion initiatives through implementation, roll-out and post-rollout promotion.

What you'll need:

• MBA or relevant designation preferred (e.g., FSA, MAAA, CLU/ChFC)

• 5+ years pricing or developing of life insurance products

• 10+ years of financial services experience and a solid understanding of the individual life insurance business

• Prior experience in product strategy, product management, business strategy and/or market/competitive research

It'd be a plus if you had:

• Capacity to think strategically and analytically to connect a variety of internal and external inputs into a vision and direction

• Ability to successfully influence and collaborate with professionals at all levels and functions, including senior management and field/sales professionals

• Proven success of leading others in a matrixed environment

• Series 6 or successful completion within first 6 months

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 including 1:1 Career advice, 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.

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 $180,600.00 to $244,400.00. 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.