Job Classification:

Product Management - Product Management

The Product Manager supporting the Growth Initiatives within the Individual Retirement Product organization will play a critical, hands-on role in managing and optimizing Prudential’s Growth portfolio, delivering retirement security in brand new ways. This role is ideal for a seasoned product professional with deep annuity expertise, demonstrated strength in financial acumen, and solid understanding of the evolving retirement landscape.

The Product Manager will actively manage the P&L for both new and in-force annuity business, monitor market and competitive trends, and partner closely with Pricing, Actuarial, Investments, and Distribution to deliver profitable growth while effectively managing risk. In addition, this role will support the evaluation and development of new growth opportunities that enhance enterprise value and advance Prudential’s long-term strategic objectives.

Key Responsibilities

• Manage the P&L for Growth annuity products, collaborating across the business system to proactively manage the economics of new and inforce business to maximize value generation and manage risk
• Monitor emerging business results, market insights, and changes to the economic and regulatory environments
• Track and assess competitive offerings across annuities and other solutions that compete with Prudential’s Growth portfolio, with a focus on pricing dynamics, product features, and broader market trends
• Partner with Pricing to understand evolving changes in product pricing inputs and assumptions and their influence on product economics
• Collaborate with key stakeholders on the Future Growth Initiatives team to share insights and gather feedback on proposed product actions
• Support development of RFP/RFI responses, pitch decks, and term sheets and related materials tied to annuity growth opportunities
• Manage the Growth product innovation pipeline and backlog, evaluating and prioritizing initiatives to ensure effective sequencing and contribution to the Growth Initiatives Product Roadmap
• Partner closely with Individual Retirement Product Development team to evaluate viability and execute product changes through development, implementation, and launch

What We’re Looking For

• 5+ years of direct experience in annuity product management, pricing, or strategy
• Strong working knowledge of annuity products, such as fixed, fixed indexed (FIA), registered index‑linked (RILA), or variable annuities
• Experience managing or influencing product P&L and in‑force economics
• Familiarity with annuity pricing inputs, competitive rate setting, and profitability analysis
• FINRA Series 6 or 7 preferred
• Strong financial and analytical skills
• Ability to partner effectively across disciplines with Actuarial, Investments, Distribution, Compliance, Legal, and Operations
• Clear, confident communicator who can explain annuity economics to senior stakeholders
• Intellectual curiosity and comfort working through ambiguity in new and exploratory spaces

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 $123,700.00 to $204,100.00. 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 $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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.