Job Classification:
Product Management - Product ManagementAt 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 productopportunities and changes/enhancements for current productsLead viability assessments of business opportunities, inclusive of customer value, financial implications, distribution partner impacts, implementation considerations, and long-term strategic investmentClosely 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 leadershipAssist in the definition of short and long-term strategy and deliverablesManage and continuously improve innovation processesEnsure alignment with corporate expectations and business strategyEstablish relationships and credibility across the business to effectively communicate product strategy to all levels of the organizationQualifications:
Minimum BA/BS degree or equivalent work experienceStrong financial and business acumen and experience; ASA, FSA, or CFA preferred (in progress or completed)5+ years of experience in annuities, insurance, or retirement solutionsStrong verbal and written communication skillsApproach work with intellectual curiosityExceptional 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 MarketingSelf-motivated, proactive, and able to work independently or as part of a teamHighly organized and adept at handling multiple, changing prioritiesSkilled at resolving conflict and negotiating effectively and tactfully