PRT Technical Specialist

Prudential•Newark, NJ

61d•Hybrid

About The Position

At Prudential, we make lives better by solving the financial challenges of our changing world. Bring your experience and unique insights into a collaborative culture focused on meeting the needs of the client. We are seeking a Technical Specialist on our Pension Risk Transfer New Business & Client Transition team. The PRT New Business Technical Specialist is responsible for supporting the on-boarding of new clients for the domestic Pension Risk Transfer market. The successful candidate will work closely with clients, intermediary advisors, and internal business partners to ensure accurate transfer of information needed to administer the promised benefits. The New Business team is a critical contributor to the first impression that Prudential makes with new clients. The current EWA for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

Requirements

Bachelor's degree or equivalent work experience
Minimum of 3 years Defined Benefit experience strongly preferred
3-5 years PRT experience preferred
Strong Excel skills
Must have a solid understanding of PRT operations and processes
Ability to interpret legal documents and propose modification
Ability to manage time effectively
Discretion to deal with confidential information
Keen attention to detail
Problem solving ability
Excellent written communication and presentation development skills
Strong leadership skills with the ability to collaborate and influence across functional teams
Self-motivated and proactive
Flexible with the ability to work in a fast paced, dynamic environment

Responsibilities

Participate in the pre-sale process including reviewing contractual documents, proposals/bid specs, and other documents to identify administrative challenges and solutions
Review client provided calculation samples to access our processes for servicing the transaction to ensure we are aligned with the provisions
Create processing summaries to document the procedures for the on-going administration for new transactions
Perform on-boarding tasks, including any of the following: data review, actively participate in internal and external transition meetings, writing procedures and processing instructions, and providing internal business partners with support related to the new sale
At times, there may be a need to support the Transition Manager by handling internal and external meetings in their absence as needed
Analyze risk and propose business solutions for the on-boarding of new transactions and report to various levels of management
Provide consultative support as needed to internal business partners for transactions recently on-boarded to help them understand processes, calculations, and other administrative items
Work on special projects as needed
Support audit work and participate in risk activities as needed
Manage complex cases
Support technology builds for New Business as SME and/or tester as needed
Supports the training of newer associates
Initiate and implement process/procedural improvements to improve operational efficiency

Benefits

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.

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