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Vice President, Strategy Group Insurance

Company: Prudential Financial, Inc.
Location: Newark
Posted on: January 12, 2022

Job Description:

Job Classification:Project Mgmt, Transformation & Strategy - Project Mgmt, Transformation & StrategyPrudential's US Insurance & Retirement (USIR) businesses include our Retirement Strategies, Individual Life Insurance, Group Insurance and Retail Advice & Solutions businesses, as well as our Enabling Solutions (Service) and Financial Wellness capabilities. Together, these businesses serve over six million retail and 20 million worksite customers across all demographic segments. We also partner with nearly three thousand institutional clients and over 30 thousand third-party Financial Advisors.The USIR Strategy team serves as a key partner to the CEO, USIR, as well as the various Business Unit Presidents and their senior leadership teams. The Strategy team collaborates across the businesses to lead the development, prioritization, and implementation of a range of strategies and initiatives to drive profitable growth within each business.Your Role: Vice President, StrategyWe are seeking a dynamic leader and strategist for the role of VP, Strategy within our Group Insurance business, reporting to the VP, Strategy for Individual Life and Group Insurance. You will be expected to lead the development, prioritization, and implementation of a range of strategies and initiatives to drive profitable growth across your assigned business.Success in this role will be built on your ability to form trusting relationships with senior executives while collaborating with partners across Prudential's other businesses and functions, as well as the ability operate in a fast-paced, forward-looking business environment.Location for this position is flexible.Your Day-to-Day: Key Responsibilities

  • Lead the creation and ongoing refinement of the overall strategy and strategic priorities for Group Insurance.
  • Drive the strategic initiative development and prioritization process. Partner across the senior leadership team (SLT) to develop and assess the strategic initiatives that will have greatest impact on the business and its customers, resulting in a strategic initiative backlog that is well understood and supported by the SLT.
  • Lead the development of strategy documents and communication materials, including business and strategic reviews to senior leaders, including Executive Leadership Team (ELT), US Management Committee (USMC) and the Board of Directors.
  • Provide strategy input and support for cross-business initiatives that support overall U.S. business strategy. Collaborate across the USIR strategy team with respect to strategic topics and initiatives that span across USIR businesses and; also establish strong connections with other strategists across Prudential (e.g., Corporate Strategy, PGIM, Assurance IQ).
  • Support functional leaders with respect to developing and implementing functional strategies aligned with the overall strategic direction of Individual Life.
  • Identify new breakthrough business models (e.g., FinTech/Insurtech,) that present potential disruption and growth opportunities
  • Partner with Corporate Development (M&A) and Finance to develop and assess potential acquisitions.
  • Manage at least one direct report and larger cross-functional teams for specific projects.Your Background: QualificationsIdeal candidates will possess many of the following qualifications:
    • 7-10 years of experience in corporate strategy or management consulting strategy roles, including experience in financial services
    • Strong Group Insurance industry knowledge (e.g., products, competitors, distributors)
    • Proven strength in creating positive working relationships and leading projects with heavy cross-business/cross-functional collaboration
    • Successful track record of leading teams, with a demonstrated ability to flex between strategy and tactics
    • Exceptionally strong analytic, strategic thinking, and problem-solving skills
    • Proven verbal and written communication skills
    • Demonstrated ability to influence and drive change
    • Strong education credentials, including an undergraduate degree, with an M.B.A. or other advanced degree being a plus - 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 call (800) 433-8960, prompt 4 or email accommodations.hw@prudential.com . Please note that the above number and email are 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.

Keywords: Prudential Financial, Inc., Newark , Vice President, Strategy Group Insurance, Executive , Newark, New Jersey

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