Job Classification:
Finance & Accounting - Finance & Accounting
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 current employee work arrangement for this position is Hybrid with work from home flexibility. You will need to be within a commutable distance to a Prudential office and plan to be in the office at least twice per week.
What you can expect:
- Lead the annual design and creation of the sales incentive compensation plans for internal employees and compensation plans for external brokers
- Collaborate closely with leaders in Distribution to develop strategically aligned compensation plans that drive desired financial results
- Develop and maintain all financial and plan design modeling for internal sales incentive compensation and broker compensation
- Review and conduct benchmarking and market research analysis
- Collaborate with stakeholders and business leaders to gain alignment on proposed compensation strategies
- Monitor and evaluate of the performance of compensation plans
- Leverage data analytics to drive the compensation planning processes to gain insights
- Partner with Distribution to build strategic narratives, supported by analytics and insights, for presentations to leadership
- Create and maintain sales incentive compensation plans and Broker plan documents
- Develop and maintain financial models to accurately forecast and manage annual commission expense
- Provide SME support to the Finance team for quarterly forecast and actual analysis/review
- Provide guidance on compensation plan administration
- Manage multiple and concurrent workstreams, coordinating with cross-functional leadership to set expectations and meet critical deadlines
- Partner with Finance on financials focused forecast, actuals for Commissions Governance Meetings
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What you'll need:
- Consultative strategic partner with senior leaders
- Knowledge and experience with incentive compensation plan design and different compensation structures
- Knowledge of Broker commission and group insurance sales
- Critical thinking and strategic mindset to be able to identify and seek insights
- Strong analytical, oral, and written communication skills
- Required to be able to effectively summarize and clearly communicate complex or technical information/modeling results to leaders (typically via power point presentations)
- Experience with financial modeling (i.e.. scenario analysis, cost benefit analysis, forecasting methodologies)
- Strong financial acumen to understand up and downstream financial impacts and exercise sound financial judgment when developing analyses and reviewing results
- Basic understanding of accounting principles (i.e. accrual accounting)
- Proactive with an aptitude for creative problem solving
- Project management experience
- Comfortable reading and writing contractual language
- Ability to work with large data sets in Excel, including development and use of Macros
- Comfortable using MS Word and Adobe Acrobat to create/update documentation and marketing brochures
- Understanding of Tableau, PowerBI or other similar systems.
Prudential supports all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.
We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:
- 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
- Retirement plans:
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- Wellness Programs to help you achieve your wellbeing goals, 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.
- Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
- 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.
To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
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Note: 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 $115,800.00 to $172,300.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.