Prudential's Stable Value In-force Product Management team is looking to maintain and manage the in-force business, totaling over $70 billion across 400+ contracts, by setting crediting rates, reviewing transactions, managing portfolio data, underwriting risks for new and existing business, and supporting ad-hoc client requests.
Requirements
- Strong analytical and quantitative skills
- Experience with, or a strong interest in learning about, the stable value marketplace, fixed income investments, and risk management
- Proficient in Microsoft Office; Excel, PowerPoint and Word
- Ability to learn and adopt new technology to streamline workload
- Financial services experience preferred
- Major in mathematics, actuarial science, finance, or economics is preferred
- Experience with data management and analysis
Responsibilities
- Calculate crediting rates that Prudential guarantees on all in-force contracts.
- Review requested transaction activity by Stable Value managers and assess what contractual terms apply.
- Assess and specify the conditions under which Prudential is willing to accept risk on Stable Value business, for both prospective and in-force accounts.
- Organize and manage data including security-level investment data and underwriting data.
- Understand and actively monitor the fixed income and stable value markets.
- Communicate and partner with the Distribution, Actuarial, Client Services, Contracts, Law, and Risk areas within and supporting Retirement Strategies.
- Identify, quantify, monitor, mitigate and report risks that impact the Stable Value business.
Other
- Four-year degree required
- Ability to prioritize tasks and to work independently in a deadline-oriented environment
- Effective oral and written communication skills and ability to successfully engage across all levels of the organization
- Strong collaboration skills to work across Retirement Strategies and other Prudential divisions
- Excellent decision-making skills and driven to achieve results
