Director, Product Development

Job Classification:

Product Management - Product Management At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

The Director, Annuity Product Development – Growth Initiatives will develop annuity product solutions that align with our business strategy, supporting both Individual Markets and Growth Initiatives as we expand into new markets. While this role contributes broadly, the primary focus will be on advancing our Growth Initiatives and driving innovation within our Insurance Overlay Wealth Management platform (also referred to as CDA, or Contingent Deferred Annuity).The

current Employee Work Arrangement for this opening is Hybrid. The employee will work 3 days a week at a Prudential location in Newark, NJ, Dresher, PA, or Shelton, CT. Employee will be required to attend or go into the office for any mandatory onsite/offsite meetings/trainings. Employee Work Arrangement is the businesses decision and can be adjusted or changed for business reasons at any time.
** What you can expect:
*** 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.
** What you'll need:
*** 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.#
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* What we offer you:

**# 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 $ to $. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
* ** 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…