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Jackson Widens IT Recruiting Pipeline with New Office at Michigan Tech
New “SmartZone” satellite office allows Jackson to train, develop and evaluate programming student-workers for full-time positions
March 7, 2013 (Lansing, Mich.) – Jackson National Life Insurance Company® (Jackson®), a leading provider of retirement solutions, has launched another creative way to increase its pipeline of information technology (IT) talent – bringing the company to the top student candidates. Jackson held a ribbon cutting Wednesday, March 6, for its new office just blocks away from the Michigan Technological University (MTU) campus in Houghton, Mich., which will offer employment to more than a dozen students.
The new office was opened as an extension to Jackson’s successful summer internship program. Each summer high-potential college students from across the United States come to work on key technology projects at Jackson’s Lansing, Mich. headquarters, said Mark Clark, chief information officer for Jackson. In recent years, many of Jackson’s IT interns have come from MTU, and several have stayed with the company in full-time positions.
“We have been so impressed with our Michigan Tech summer interns that we’ve hired many on after graduation,” said Clark. “The new SmartZone office will help promote Jackson on campus and give us a better opportunity to attract top talent.”
The Houghton satellite office also gives Jackson a better opportunity to engage with university faculty, staff and students. Rob Sweet, Jackson director of systems and programming, is the manager of the Houghton office and an MTU alumnus. He recently moved back to the area with his family to oversee the office and become more involved on campus. Sweet said one of his priorities is to become an active member of the MTU computer science and computer engineering communities. While the company already has a strong relationship with MTU’s career services staff, Sweet now aims to strengthen current relationships and build new ones as a Jackson ambassador on-campus.
“By operating our MTEC SmartZone office year-round at Michigan Tech, we are able to demonstrate first-hand the sophistication and cutting-edge technology of Jackson’s IT department,” said Sweet. “The SmartZone will help us show students that a job in the financial services industry could be a great career choice.”
The office currently employs 12 part-time students and one full-time junior associate in addition to Sweet. The company hopes to employ 30 students in the SmartZone office by the end of 2013.
Jackson’s intern model is a proven method to identify students who may be good candidates for full-time employment, while also giving students real-world experience to help them in the future, Sweet said. The students work on actual company projects along with Jackson IT staff in the Lansing and Nashville offices focusing mostly on Java projects, research and proof of concept, conversions, optimizations and mobile development.
“By working with Michigan Tech students for one to two years prior to their graduation, we are able to increase our pipeline of new hires and spend more time with the students individually, to identify those we believe will be a good fit,” Sweet said.
About Jackson National Life Insurance Company
With $129.9 billion in assets (IFRS)*, Jackson National Life Insurance Company (Jackson) is a leading provider of retirement solutions. The company sells variable, fixed and fixed index annuities, and institutional products. Through its affiliates and subsidiaries, Jackson also provides asset management and retail brokerage services Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, wirehouses, financial institutions and independent insurance agents. Jackson’s subsidiary, Jackson National Life Insurance Company of New York®, similarly markets products in the state of New York. For more information, visit www.jackson.com.
*Jackson has $129.9 billion in total IFRS assets and $119.0 billion in IFRS policy liabilities primarily set aside to pay future policy owner benefits (as of 6/30/12).
International Financial Reporting Standards (IFRS) is a principles-based set of international accounting standards indicating how transactions and other events should be reported in financial statements. IFRS is issued by the International Accounting Standards Board in an effort to increase global comparability of financial statements and results. IFRS is used by Jackson’s parent company.
Jackson is the marketing name for Jackson National Life Insurance Company® and Jackson National Life Insurance Company of New York®. Jackson National Life Distributors LLC.
Jackson National Life Insurance Company is an indirect subsidiary of Prudential plc, a company incorporated and with its principal place of business in the United Kingdom. Prudential plc and its affiliated companies constitute one of the world's leading financial service groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world. It has been in existence for over 160 years and had more than $560 billion in assets under management as of June 30, 2012. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
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PR 1396 03/13