Full-Time

Director – Product Owner

Posted on 11/21/2024

Prudential Financial

Prudential Financial

10,001+ employees

Provides insurance, investment, and retirement solutions

Fintech
Financial Services

Compensation Overview

$160.7k - $217.3kAnnually

Senior

United States

Potential on-site presence required at a Prudential office.

Category
Product Management
Product
Required Skills
Agile
Product Management
SCRUM
Data Analysis
Requirements
  • 5+ years of experience in product management, with a proven track record of successfully leading product development from concept to launch.
  • Group Insurance product experience with an understanding of the Customer Lifecycle.
  • Strong leadership and team management skills, with the ability to inspire and motivate a high-performing team.
  • Excellent communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels.
  • Understanding of Agile methodologies and experience working in an Agile environment.
  • Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
  • Passion for technology and innovation, with a customer-centric mindset.
  • Bachelor’s degree in Business, Computer Science, Engineering, or a related field; MBA or advanced degree preferred.
Responsibilities
  • Collaborate with the Chief Product Owner and business leaders to prioritize the product backlog in line with strategic objectives.
  • Define and execute the product strategy and roadmap, working with business functions, service teams, UX, and technology teams.
  • Build partnerships across departments to enhance the customer experience with Group Insurance products.
  • Act as the "bug shield" for your team, proactively identifying and resolving impediments to ensure smooth product development.
  • Make data-driven decisions to prioritize features and improvements, leveraging analytics and user feedback.
  • Lead cross-functional teams and manage stakeholders for successful product delivery.
  • Continuously refine the product backlog with the Agile team, ensuring clarity, estimates, and prioritization.
  • Gather and prioritize requirements from stakeholders in areas like Quote, Billing, and Claim, ensuring alignment with customer needs and team goals.
  • Work with Agile teams and Business Analysts to define product specifications, create user stories, and manage the product backlog.
  • Plan and lead User Acceptance testing sessions with Business Analysts for stakeholder approval.
  • Solve unique and complex problems that have a broad impact on the product journey.
  • Provide leadership to agile teams with moderate to high risk and complexity.
  • Collaborate with the Scrum Master and Scrum Team on Release Planning, Sprint Planning, Sprint Reviews, and Retrospectives.
  • Monitor and analyze product performance, using data to drive continuous improvement.
  • Manage and oversee the product development process, ensuring milestones and deadlines are met.

Prudential Financial provides a variety of financial services, including insurance, investment management, and retirement planning. Their products help individuals and institutions achieve financial security and growth. Prudential offers life insurance, annuities, mutual funds, pension services, and asset management. The company generates revenue through premiums, fees, and investment income. What sets Prudential apart from its competitors is its focus on building long-term relationships with clients and offering comprehensive financial planning to ensure they are prepared for the future.

Company Stage

IPO

Total Funding

N/A

Headquarters

Newark, United Kingdom

Founded

N/A

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Simplify's Take

What believers are saying

  • Prudential's leadership in the financial services industry is reinforced by its strategic investments and acquisitions, which can lead to enhanced growth opportunities.
  • The company's recognition as a top company for executive women highlights its commitment to diversity and inclusion, potentially attracting top talent.
  • Prudential's focus on outcome-based work and strategic workforce management can lead to increased productivity and employee satisfaction.

What critics are saying

  • The financial services industry is highly competitive, and Prudential must continuously innovate to maintain its market position.
  • Economic downturns or changes in regulatory environments could impact Prudential's revenue streams from premiums, fees, and investment income.

What makes Prudential Financial unique

  • Prudential Financial's global reach and comprehensive suite of financial services, including insurance, investment management, and retirement planning, set it apart from competitors who may focus on narrower market segments.
  • The company's focus on long-term relationships and comprehensive financial planning ensures a personalized approach that is often lacking in more transactional financial service providers.
  • Prudential's strategic investments, such as its stake in Qianhai Re and leadership in funding rounds like FIDx, demonstrate its commitment to innovation and market expansion.

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