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Annuities Product Manager, Product Risk & Control

Prudential


Location:
Shelton, CT
Date:
01/23/2018
2018-01-232018-02-21
Job Code:
446978
Prudential
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Job Details

Position Title: Annuities Product Manager, Product Risk & Control
Job Code: 446978
Job Location: Connecticut-Shelton
Description:

The Risk & Control Product Manager will report to the Director of Product Risk & Control and is responsible for assisting in the management of product administration of the inforce block of annuity product and benefits by proactively and reactively researching and conducting self-audits to ensure integrity of ongoing administration.

This will include maintaining the integrity of administration, processes and product rules, and alignment with original design, pricing, and regulatory filings for 300 fixed and variable annuity product & benefit combinations,

 

·         Ensure administrative systems and processes are consistent with product & benefit rules and profitability guidelines; communicate findings and recommended action items to leadership and control group partners.

·         Conduct robust self-audits of the product administration, maintain relevant documentation, prepare and present approach/findings, and develop plans for resolving any identified issues

·         Assess contracts, prospectuses and system administration processes for accuracy. Create detailed requirements for discrepancies. Trace requirements and prioritize for implementation.

·         Partner with Service on the development of corrective action strategy and remediation implementation

·         Partner with technology partners to determine root cause of system defects and appropriate strategies for resolving them

·         Support ad hoc assessments, project support and operational efforts requiring product subject matter expertise as either a project team member, individual contributor or team lead

·         Provide and review product language to describe accurate description of product design, operations and features in the annual updates to prospectuses and ongoing marketing material creation

·         Support Escalations Process in validating functionality/capabilities of our administrative systems

 

 


  • 5-7 years’ relevant experience; Annuities or Variable Life Insurance experience strongly  preferred
  • Financial services experience required
  • Bachelor’s degree or equivalent experience
  • Strong communication and presentation skills
  • Exceptional collaboration skills and ability to partner with a wide variety of other functions and levels, including Sales, Service, IT, Control and Actuarial functions.
  • Strength of convictions and ability to influence decisions and champion product administrative or operational changes
  • Solution oriented with strong problem solving skills with a demonstrated ability to leverage resource materials to support decisions
  • Must have solid organizational skills with the ability to develop and execute plans
  • Ability to effectively manage several dissimilar deliverables and prioritize.
  • Ability to work independently, as part of a team or lead a team
  • Excellent technical financial services product knowledge
  • Ability to collaborate effectively with multiple levels within the internal organization

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.
Job Function: Product Development
Schedule: Full-time
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