Prudential Financial

Regional Account Manager Medical Stop Loss

Prudential Financial$82K — $136K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2-3 years of Stop Loss product and/or account management experience
  • Strong customer service experience and deadline management
  • Experience in Medical Stop Loss industry and RFP pipeline management
  • Detail-oriented with strong analytical and organizational skills
  • Excellent communication and presentation abilities
  • Self-motivated with a proven track record in relationship development
  • Active Life and Health Insurance license or willingness to obtain within 30 days of hire

Responsibilities

  • Support the RFP pipeline for Medical Stop Loss sales and renewals
  • Serve as a liaison among sales, customers, producers, and home office
  • Partner with sales executives to manage the RFP process effectively
  • Oversee office management and ensure proper upkeep of resources
  • Assist with onboarding new hires in the MSL distribution team
  • Document and maintain compliance records for sales and customer systems
  • Support customer activities like meetings and benefit fair preparations

Benefits

  • Market competitive base salaries with yearly bonus potential
  • Comprehensive medical, dental, vision, and life insurance
  • 401(k) plan with company match up to 4%
  • Company-funded pension plan for enhanced stability
  • Wellness programs offering reimbursement up to $1,600 annually
  • Work/Life Resources to support various personal and professional needs
  • Education benefits for traditional college enrollment and accredited certificates
  • Employee Stock Purchase Plan enabling shares at a reduced rate
Full Job Description
Prudential's Group Insurance (GI) is seeking a Regional Account Manager for the Medical Stop Loss Distribution team to provide sales-cycle and administrative support to assigned to one or multiple Regional Sales Directors, MSL. The Regional Account Managers are required to command a comprehensive knowledge of the MSL prospect and customer base, RFP pipeline, producer relationships, key contacts, products offered, and must develop a proficiency with relevant Prudential systems and software. The Regional Account Manager will be a key member of the regional MSL Distribution team working closely with the Regional Sales Director, MSL. Responsibilities: • Support and manage the RFP pipeline for the Medical Stop Loss business for both new sales and renewal opportunities, collecting the necessary data required to develop a comprehensive proposal in a timely manner. • Provide administrative sales support and serve as a liaison for sales personnel, customers, producers, and home office contacts. • Partner with the GI Sales Executives, Account Executives, or Account Managers to manage Request for Proposal (RFP) process including monitoring of RFP inboxes, entering data into internal sales systems, ensuring internal partners adhere to RFP timeline, review responses for completion and distribute proposal responses, and interfacing with brokers on behalf of the Regional Sales Director, MSL and GI sales team. • Office management activities including organizing and upkeep of the office, as well as other office duties which include ensuring shared office equipment and supplies are available and in working order. • Serve as a resource for new hires and assist with new hire on-boarding for MSL distribution team. • Participate in team meetings/trainings and serve as a backup for other team members when required. • Document and maintain relevant sales and customer record systems to meet compliance requirements. • Support customer activities including finalist meetings, enrollment, and benefit fair preparation; ordering brochures and giveaways. • Work on special projects throughout the year. Business Development: • Coordinating Marketing, Sales, and Support service for assigned accounts. • Possessing an understanding of your assigned customers' requirements and initiating actions that maintain high levels of customer satisfaction. • Proactively partnering with internal contacts to facilitate timely resolution of issues or problems presented by customers and/or brokers. • Presenting products, services, and plan design information to meet customer needs. • Addressing customer questions and concerns regarding any aspect of our product offering. Qualifications: • 2-3 years of Stop Loss product and/or account management experience • Strong customer service experience and managing deadlines. • Medical Stop Loss industry, sales administration, broker relations, customer service, RFP pipeline management or equivalent experience. • Knowledge and understanding of customer service and relationship management concepts preferred. • A detail-orientated individual with strong analytic, organization and time management skills • Excellent communication and presentation skills. • Must be customer focused and resolution oriented. • Ability to manage multiple priorities in a timely manner. • Demonstrated success in servicing multiple small to medium financial/insurance accounts. • Three (3) plus years of relevant experience. • Self-motivated with the ability to work independently and provide timely results. The ability to develop and grow relationships, while maintaining targeted retention rates. • Proven ability to successfully partner with consultants, brokerage firms and/or third-party administrators. • Excellent written/verbal communication and presentation skills. • Strong organization and time management skills. • Solid knowledge of group insurance products and services preferred. • Active Life and Health Insurance license or obtained within 30 days of hire. 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 $82,500.00 to $136,100.00. 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).

About Prudential Financial

Prudential Financial is a financial services company that specializes in the fields of investment management, life insurance, and retirement benefits. It focuses on helping individuals and institutional customers to grow and protect their wealth. The company also offers an inclusive work environment where employees can develop to their full potential, and give back to the communities where they live and work. Prudential Financial was founded in 1875 and headquartered in Newark, New Jersey.

Prudential Financial Careers

Join the esteemed ranks of Prudential Financial, a global leader in financial services, where your career is nurtured, your innovation valued, and your professional growth guaranteed. Work You’ll Do At Prudential Financial, we are committed to helping individuals and businesses tackle their financial challenges with robust solutions. As part of our team, you will lead efforts to innovate and expand our services, ensuring that we remain at the forefront of the financial industry. Transform the financial landscape with your expertise and join a team where diversity, leadership, and personal growth are not just encouraged but actively fostered. With Prudential Financial, you position yourself at the nexus of finance and cutting-edge innovation. Collaborate with a global network of professionals, dedicated to steering clients through their financial journeys with precision and foresight. Our culture thrives on teamwork, leadership, and a shared commitment to excellence. Prudential Financial Job Opportunities We are actively hiring and have a variety of job opportunities designed to bring out the best in each employee. From entry-level positions to leadership roles, Prudential Financial offers a path for every ambitious professional eager to make an impact in the financial sector. Do Innovative Work Join our team of over 40,000 professionals worldwide, working together to reshape the future of finance. At Prudential Financial, your skills in networking, strategic thinking, and leadership will drive change and foster an environment of continuous innovation and growth. Internship Programs Kickstart your career with a Prudential Financial internship. Our programs offer invaluable industry insights and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark. Benefits and Culture Prudential Financial is not just about professional achievements but also about personal well-being. Our employees enjoy comprehensive benefits, including health, life, and disability insurance, retirement plans, and generous paid time off. More than just benefits, our company culture is built on mutual respect, inclusivity, and the collective pursuit of excellence. Future-Proof Your Career With Prudential Financial, career advancement is a reality. We provide extensive training and development programs, including leadership and diversity training, to ensure you are always ahead of the curve. Explore Discover how Prudential Financial leads the way in financial innovation and client service. Read more about our latest projects and the impact they have on our clients and the industry. Stay Connected Join Our Team Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players. Explore Prudential Financial jobs today and find where you fit in our dynamic team. Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Job Alert Emails Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Prudential Financial.
Learn more about Prudential Financial
Size
88 employees
Market Cap
$36.2 billion
Industry
Net Income
-$374 million
Founded
1875
5 Year Trend
+3.8%
Revenue
$57 billion
NASDAQ

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