PGIM · 1 day ago
Director, Product Development
Fort Washington, PA, USA
Full-time
Hybrid
Senior Level, Lead/Staff
$147K/yr - $221K/yr
8+ years expPrudential is a leading financial services institution, and they are seeking a Director of Product Development to focus on annuity product solutions. This role involves collaborating with cross-functional teams to develop product specifications and ensure compliance while driving innovation within their Insurance Overlay Wealth Management platform.
Asset Management
Responsibilities
Support the development and implementation of annuity product solutions aligned with our Growth Initiatives and Insurance Overlay Wealth Management strategy
Collaborate with cross-functional teams to develop product specifications, filing strategies, and go-to-market plans focused on client value and experience
Partner with Pricing, Compliance, Law, Risk, Hedging/Investments, and Customer Experience to ensure offerings meet all regulatory and platform requirements, align with risk management objectives, and deliver superior advisor and client experiences
Assist in the design and pricing of annuity products, facilitating working sessions to refine product features and profitability levers
Support the cultivation and prioritization of the innovation backlog and product pipeline for Growth Initiatives
Contribute to lifecycle management of the product portfolio, including regular analysis of product performance and proactive management of economics and risk
Collaborate with Distribution and Marketing to define product positioning, consumer profiles, and create collateral materials and illustrations
Assist with contract development, state filing strategy, and initial rate setting during implementation
Develop and deliver training for internal and external partners during product launches
Foster a 'test and learn' environment for new initiatives and support a culture of innovation and ownership across the business
Qualification
Required
Minimum 8 years of experience in annuities or retirement-related fields; experience with transformative annuity and/or income solutions within Wealth Management or Defined Contribution plans preferred
Strong knowledge of financial services products, annuities, and the retirement industry
Proven ability to collaborate and build relationships across multiple levels of the organization and with external partners
Excellent influencing, organizational, facilitation, communication, and presentation skills
Critical thinker, proactive leader, and self-starter with the ability to manage multiple projects and prioritize effectively
Experience navigating ambiguous situations and driving results in a transforming environment
Bachelor's degree required
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.
Company
PGIM
PGIM is a money manager whose clients rely on their risk management expertise, intellectual capital, and innovative solutions. It is a sub-organization of Prudential Financial.
1001-5000 employees
H1B Sponsorship
PGIM has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (15)
2024 (12)
2023 (8)
2022 (8)
2021 (7)
2020 (14)
Funding
Current Stage
Late StageLeadership Team
J. Alex Stuart
Managing Director
Jakob Wilhelmus
Director, Thematic Research
Recent News
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