Vice President, Medical Stop Loss

We are currently seeking a multifaceted individual to become part of the Product organization leadership team as the Head of Stop Loss. This role will report into the Head of Product for the business and will be accountable for delivering profitable growth of the Medical Stop Loss product through ongoing management of the P&L, product offerings, and vendor relationship. The incumbent will drive alignment with underwriting, pricing, claims, and marketing to ensure the success of the overall product strategy. Additionally, they will be expected to cultivate a culture and approach where everyone feels ownership for the success of the business.

The Stop Loss product owner is responsible for building and leading the Stop Loss product team to include all aspects, including strategy, long-term roadmaps, new product development, distribution, and in-force management.

Through influence and interactions with functional partners and external partners, this individual will own and implement the roadmap to ensure profitable growth of the Stop Loss product.

The employee work arrangement forthis position may require your on-site presence at one our business locations. Your manager will provide additional details relative to the on-site expectations.

What you can expect:

The successful candidate's primary responsibilities will include:

• Leading the Stop Loss product P&L, setting business goals and objectives, and getting results by coordinating various workstreams
• Leading all aspects of Stop Loss product, including developing and actively managing the product strategy, product revisions, and underwriting guidelines as needed to address emerging issues, regulatory concerns, and business needs.
• Developing and championing Prudential's Stop Loss value proposition, both from a corporate portfolio position and externally
• Using data and analytics to evaluate business results and implement changes in underwriting and claims processes as needed
• Analyzing Stop Loss market information as input to strategy, new product development, etc.
• Collaborating with other functions in the business to ensure a profitable Stop Loss product including pricing, training, distribution, claims, etc.
• Owning the lifecycle management of in-force Stop Loss business, including regular analysis of product performance
• Assessing impact of regulatory changes and implementing changes
• Managing and maintaining current product needs such as updating marketing materials, contracts, systems, surveys, and responding to audit requests
• Developing external relationships and driving productive distribution strategy / actions.

What you'll need:

The successful candidate must also possess superior business and leadership skills to include the following:

Pivotal Experience & Expertise

Financial Services Experience: Experience leading in the Financial Services industry is highly preferable, particularly in the Group Insurance sector. Crucial for this position is deep knowledge of and direct experience with the Stop Loss business.

Stakeholder Management - Has successful relationship development and influencing skills having led successfully across multiple partners including distribution, operations, risk & controls, regulators, third-party vendors, and customers.

Strategic Mindset - Brings an innovative approach to building and maintaining a Stop Loss product organization leveraging external market information along with customer and segment insights.

Customer Centered - Ability to identify opportunities across domains and identify solutions to provide a unified customer experience across products and segments.

Talent/Culture Creator - Demonstrated ability in creating and instilling a culture that can attract, grow, and retain highly talented individuals committed to the vision of the organization. In addition, supports a culture of inclusiveness and diversity that develops and motivates employees. Willing to obtain any required designations, certifications or licensing as needed to fulfill the role.

Leadership Capabilities

• An outstanding leader, manager, and administrator with an engaging personality, very tenacious people management skills, and is a talent magnet and groomer who inspires followership.
• A focused problem-solver who exhibits sound business judgement and innovative applications of risk adherence and can adapt as necessary and appropriate to the situation.
• Dedicated and principled but flexible and hard-working.
• Adept at navigating ambiguous situations, demonstrating resilience, and operating in the "grey".
• A committed and thoughtful, yet decisive and actions-oriented individual who exhibits expert-level negotiation and influencing skills.
• The ability to think strategically and plan for the long-term outcomes yet balance short-term complex needs of the business.
• Strongly results-oriented, with the desire and drive required to accomplish stated objectives.
• External focus with the ability to navigate internal teams and process to deliver on objectives and goals.
• Agile and adaptable, prepared to use their experience in leading and building in a transforming environment.
• Secure interpersonal skills, clear communication skills, team orientation, and the desire and ability to work with business partners across the organization.

We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit.

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:

• 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
• Retirement plans: 401(k) plan with company match (up to 4%), Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, 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.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• 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.

To find out more about our Total Reward 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.

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Note: 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 $224,500.00 to $303,700.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

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