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!

Prudential’s Stable Value In-force Product Management team is looking for a Product Management Specialist with strong analytical and quantitative skills. Prudential is a top Stable Value provider serving the Defined Contribution Retirement, 529 College Savings, Bank Owned Life Insurance, and Health Savings Account markets. The in-force book of business totals over $70 billion across 400+ contracts.

The Product Management Specialist will support the maintenance and management of the in-force business. This includes setting crediting rates, reviewing transactions, managing portfolio data, underwriting risks for new and existing business, and supporting ad-hoc client requests.
 

What you can expect:

• Calculate crediting rates that Prudential guarantees on all in-force contracts.
• Review requested transaction activity by Stable Value managers and assess what contractual terms apply.
• Assess and specify the conditions under which Prudential is willing to accept risk on Stable Value business, for both prospective and in-force accounts. This includes, but is not limited to, the analysis of demographic data, plan design, investment options, industry trends, historical cash flow experience, and investment strategy and guidelines.
• Organize and manage data including security-level investment data and underwriting data.
• Understand and actively monitor the fixed income and stable value markets.
• Communicate and partner with the Distribution, Actuarial, Client Services, Contracts, Law, and Risk areas within and supporting Retirement Strategies.
• Identify, quantify, monitor, mitigate and report risks that impact the Stable Value business.

What you’ll need:

• Four-year degree required. Major in mathematics, actuarial science, finance, or economics is preferred.
• Strong analytical and quantitative skills
• Financial services experience preferred
• Experience with, or a strong interest in learning about, the stable value marketplace, fixed income investments, and risk management
• Ability to prioritize tasks and to work independently in a deadline-oriented environment
• Effective oral and written communication skills and ability to successfully engage across all levels of the organization
• Strong collaboration skills to work across Retirement Strategies and other Prudential divisions
• Excellent decision-making skills and driven to achieve results
• Proficient in Microsoft Office; Excel, PowerPoint and Word
• Ability to learn and adopt new technology to streamline workload

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:

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 $99,700.00 to $148,500.00. 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 abs