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Director, Product Owner (In-Force)

Prudential Financial
United Statesfull_timeVerifiedPosted 24 Jan 2025
💰 $222,700/yr($164,700/yr$222,700/yr)

About the role

Job Classification:

Technology - Project Mgmt/Business Analysis

Prudential’s Individual Life Insurance business has a sizeable block of existing business, and a robust set of relationships with producers and partner firms alike. We believe that dedicated focus on in-force business will enable us to deliver even more value to advisors, partner firms, and of course the customers we serve – while also improving commercial outcomes for Prudential’s shareholders.

The In-Force Opportunity Owner role will bring these opportunities to life. This person will partner with functions across ILI and USB to draw upon our collective expertise and skill sets and deliver meaningful results for our customers and our business. In addition to focused products/projects, the Opportunity Owner will be responsible for helping to establish mechanisms to ensure that these efforts can be systematized into BAU processes.

This individual will develop and drive product vision and strategy, providing constant feedback to the team and helping to set and drive toward the vision. This is a multi faceted role with responsibility for collaborating with Product, IT, Finance, Distribution, Analytics, Marketing, Service, and other teams as needed to build solutions that deliver on the product strategy. This role will lead discussions and decisions around options e.g. buy vs build vs partner, build product teams to support the execution and will hold responsibility for the product backlog.

The ideal candidate will be highly entrepreneurial, with a track record of driving transformation in complex, matrixed organizations. Success will require deep knowledge of Life Insurance operations, distribution, and data.

Responsibilities:

  • Lead pilot programs to refine in-force opportunity areas. Translate learnings from these pilots into broader programs to deliver on opportunities that unlock more value from the in-force book of business
  • Lead cross-functional teams, including Product, IT, Finance, Distribution, Analytics, Marketing, Service, etc. to deliver on in-force opportunities
  • Align stakeholders on In-Force opportunities and objectives
  • Develop measurement and/or management systems that translate projects from one-time areas of focus to scalable systems and BAU

Desired Qualifications:

  • 7+ years of work experience in Life Insurance including 5+ years working on Digital and/or Transformation initiatives
  • Experience with Agile methodology
  • Strong interpersonal, organizational, and influencing skills.
  • Demonstrated track record of professional excellence and achievement.
  • Excellent communication and stakeholder management skills, capable of working collaboratively across departments and with external partners.

Critical Skills for Success

  • Exceptional ability to work collaboratively across functions and business groups
  • Ability to manage through influence
  • Ability to navigate complex, matrixed organizations and overcome barriers
  • Ability to independently lay out a vision and develop a path to achieve it.
  • Entrepreneurial mindset and approach
  • Ability to distill significant opportunities to an achievable MVP

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 $164,700.00 to $222,700.00. 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 Programs 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.  

  • Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.  

  • Employee Stock Purchase P

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Company

Prudential Financial

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