Product Management (AD&D, BTA and Special Risk Products)
Job Code: 400658
Job Location: New Jersey-Roseland
This product position focuses on Accidental Death & Dismemberment, Business Travel Accident and Special Risk solutions. Conducts competitive product and pricing analysis, analyze and monitor market trends, and may assist in product line positioning and new product development. In addition to using externally available market research data, may conduct and/or commission original market research. Independently initiates and/or leads marketing programs, initiatives, promotions, or research projects. Works on the most complex projects or with the most visible/important insurance products.
Understanding the features and product positioning of competing products in the industry, growth opportunities, competitive threats, regulatory issues, customer and consumer perceptions impacting the product in order to develop and refine product management strategies. Includes review of internal and external research, studies, and surveys.
Maintaining internal support of the product, which includes recommending periodic changes to contracts, marketing materials, proposal responses, and product training material.
Participating in cross-functional projects related to product changes or enhancements.
Monitoring operational and financial metrics to understand, and in some cases affect, the product financial results. May include review of expense allocations, product pricing, sales metrics, and post mortems.
Participating in decision-making process with respect to administrative errors and product remediation issues in close coordination with Distribution, Legal, Operations, Contracts, and other internal functions.
Cross-training on other products and lending support to other products on an as-needed basis.
If applicable, supervising one or more directs reports, including objective setting, performance management, coaching, development and training.
· BS/BA required.
· 5-7 years experience in a product, underwriting, marketing position. 3-5 in Accidental Death & Dismemberment, Business Travel Accident and/or Special Risk products.
· Project management skills a plus.
· Working knowledge of competitors and client expectations/needs. Experience in working in product management lifecycle process is desired.
· Must understand or learn insurance concepts, preference is experience and exposure to group insurance products (life, disability, voluntary). Prior knowledge of competitors and client expectations/needs is a plus.
· May interact with clients depending on skill and experience. Likely to work with vendor partners.
Important notice: Any applicant selected for this position will be required to submit to an extensive background screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Prudential, including their current position if they are an internal applicant.
Join Prudential’s Group Insurance and be a part of one of the strongest, most respected group insurance companies in the nation, where you will have the opportunity to move your career forward in a dynamic, solutions-oriented team environment.
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 email@example.com for more information about doing business with Prudential.
Job Function: Project Management