Hybrid Product Management Specialist

at Prudential Financial

• Job title: Product Management Specialist
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $99,700 - $148,500 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Newark, United States

About the role

• Product Management Specialist supporting the maintenance and management of in-force business at Prudential. Involves crediting rates, portfolio data management, and risk assessment.

Responsibilities

• 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.
• 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.

Requirements

• 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.

Benefits

• 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 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.