Product Manager, VA Product Development

    • Fort Washington, PA

For more than 140 years, Prudential Financial has provided individual and institutional customers with financial opportunities. A financial wellness leader and premier active global investment manager with more than $1 trillion of assets under management as of September 30, 2019, we offer a wide array of financial products and services, including life insurance, annuities, retirement-related products and services, mutual funds and investment management. Prudential Annuities, a division of Prudential, solves the financial challenges of our changing world by developing and distributing individual variable and fixed annuity products primarily to the U.S. mass affluent and affluent markets, with a focus on innovative product design and risk management strategies.

The Product Manager, Variable Annuities Product Development will drive the development of solutions that modernize our variable offerings in core and non-traditional distribution channels. This individual will be responsible for leading cross-functional initiatives to identify and explore new capabilities and develop a go-to-market plan in collaboration with annuities business partners as well as the broader enterprise to deliver financial wellness solutions.

Responsibilities:

  • Develop innovative product solutions for the variable annuity business in support of both our core and non-traditional (including financial wellness) channels
  • Utilize knowledge of market trends and consumer preferences to ideate new solutions, seeking input from key internal and external stakeholders
  • Partner across the annuities business and broader enterprise to assess the viability of new product concepts and develop business case for recommended actions
  • Drive development for prioritized product initiatives by defining product specifications, optimizing go-to-market strategies and clearly communicating goals, responsibilities and desired outcomes
  • L ead a cross-functional team to identify challenges, define solutions and execute measurable results
  • Approach product development with a view of complete end-to-end customer experience
  • D evelop and maintain a "test and learn" development environment for all new initiatives
  • Closely collaborate with business partners to gain insights to inform features for new offerings and provide consultative product support to key firm relationships
  • Closely partner with Compliance, Law and Risk in implementation of new products and regulatory requirements
  • Support expansion to new distribution channels through the development of solutions, understanding financial impacts and future product needs
  • Participate in consumer needs-based solution discussions across the enterprise, providing annuities subject matter expertise
  • Es tablish relationships and credibility across the business to effectively communicate product updates to all levels of the organization

Qualifications:
Qualifications:

  • A minimum of 5 years experience in a retirement related field
  • Proven success in implementing or creating strategically compelling business cases for product development projects that deliver results to meet business goals
  • Very strong strategic thinker and leader, is proactive and takes initiative
  • Self-starter who can assess what work needs to be completed and how to get it done
  • Knowledge of financial services products and industry
  • Excellent influencing, organizational, facilitation, communication and presentation skills
  • Ability to lead cross-functional initiatives and influence without authority
  • Effectively collaborate with multiple levels within the internal organization as well as investment professionals and wholesalers
  • Strength of convictions and ability to influence and champion change
  • Ability to effectively manage several dissimilar projects and prioritize
  • Ability to work independently and as part of a team
  • BA/BS required


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