Product Manager
Job Classification:
Product Management - Product Management
Job Description
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!
Prudential's Group Insurance business manufactures and distributes a full range of group life, long-term and short-term group disability, supplemental health, and group corporate, bank and trust owned life insurance in the U.S., primarily to institutional clients for use in connection with employee and membership benefits plans. Group Insurance also sells accidental death and dismemberment and other ancillary coverages and provides plan administrative services in connection with its insurance coverages. The Group Insurance business is undergoing a transformation which includes expanding product offerings and driving sustainable, profitable growth.
We are currently seeking a self-motivated individual to become part of the Voluntary Benefits Product team, as a Product Manager. This role will report into the Voluntary Product Lead and will be accountable for day-to-day management of Prudential's Supplemental Health products. This individual will partner with other Product Managers and Directors on the team.
The current employee work arrangement for this position is Fully Virtual. While this position does not require your on-site presence on a regular basis, quarterly travel to the Newark, NJ office will be expected.
What you can expect:
- Developing and implementing product development plans for the growing Supplemental Health product landscape.
- Owning the lifecycle management of in-force products. Performing regular analysis of product performance
- Completing day-to-day product management activity such as updating marketing materials, contracts, systems, surveys and responding to audit requests
- Supporting distribution and brokers with product expertise and requests
- Collaborating with other functions in the business to ensure a profitable product including pricing, training, distribution, claims, etc.
- Supporting distribution, underwriting and broker training for new product roll outs.
- Creating process improvements and product solutions that continually improve the customer experience
- Leveraging the standard provisions library and templates to draft new product contracts and riders.
- Assessing impact of and implementing regulatory changes
- Handling critical issues with annual Q&A database refresh as well as product enhancement updates
- Reporting product performance to Product Lead and understanding product profitability
What you'll need:
- 3+ years of Supplemental Health experience, ideally in a product management or development role.
- A resourceful and thoughtful, yet decisive and willing to take action individual with negotiation and influencing skills.
- Highly collaborative, routinely bringing the right expertise to the table for consistent and quality customer service
- Successful in building strong relationships at all levels of the organization
- Proven ability to take initiative; identify potential issues and propose paths to arrive at solutions
- Ability to use data to identify opportunities and inform recommendations.
- Successful results-orientation, with the desire and drive required to accomplish stated objectives.
- Ability to organize, prioritize multiple tasks and work independently
- Dedicated, principled but flexible and hard-working, with a high energy level.
- Successful external focus with the ability to navigate internal teams and process to deliver on objectives and goals.
- Strong interpersonal skills, clear communication skills, team orientation, and the desire and ability to work with business partners across the organization.
Prudential embracesall 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 such as 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:
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 $128,100.00 to $190,700.00. 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 Programsincluding 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.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.