VP, Strategy ( Retirement )

Prudential Financial   •  

Hartford, CT

Industry: Accounting, Finance & Insurance

  •  

Not Specified years

Posted 127 days ago

This job is no longer available.

About the position

Do you want to be part of a smart, ambitious professional team working together to create a better future for our customers and our communities around the globe?!!

Become a part of Prudential

As one of the most recognizable financial services companies in the world, Prudential’s employees are building on our 140-year history of financial strength with a focus on innovation and transformation to meet tomorrow’s most complicated challenges. We are committed to growth and development in every single employee, and we see our business success as a direct result of our talent.

Who will you lead and inspire?

This is a Vice President role, reporting directly to VP Strategy, WSG. The head of Prudential Retirement’s Strategy function is responsible for leading the Retirement Strategy practice. This includes working closely with leaders to ensure refine and articulate the Retirement business strategy, develop and drive the strategic roadmap, lead execution against the strategy and lead key strategic initiatives.

The individual will build and lead a high caliber team of 2-5 strategy professionals. The individual may oversee external resources. The person will work closely with the senior leadership of Retirement’s two business lines (Investments and Pension Solutions and Full Service Solutions) as well as with our Sales and Strategic Relationships group and other constituents across the business system. The person will also work with Corporate functions (e.g. Customer Experience, Brand Marketing) to ensure alignment with the Enterprise strategy.

Success of the Retirement strategy will be determined by its impact to sales, engagement, retention, growth across Retirement’s two business lines and other measures.

What is the Workplace Solutions Group (WSG) and the Group Insurance practice?

Prudential’s Workplace Solutions Group (WSG) comprises Prudential’s Retirement and Group Insurance businesses – serving over 23 million customers. Group Insurance is an operating unit within the U.S. Businesses Division of Prudential that primarily focuses on creating, distributing, and administering a complex range of life and disability insurance products for many top Fortune 500 companies. Prudential has been underwriting group insurance plans since 1916. Today, our Group Insurance business unit is the nation’s second largest group life carrier and a leading disability carrier, proudly servicing nearly 20,000 clients—and insuring more than 20 million employees and their families. Group Insurance has operation centers across the United States.

What will you do and what impact will you have?

The VP Strategy, Retirement will have responsibilities within the following areas:

Division and Business Segment Strategy

  • Drive the strategic management process to ensure the optimal business strategy is in place to support sustainable business success
  • Work closely with senior executives to lead critical strategic initiatives
  • Assess existing operating standards to identify opportunities for process improvements and best practices adoption
  • Participate in efforts to identify opportunities to differentiate Prudential Retirement from key competitors. Opportunities are informed by external forces, opportunities and trends
  • Provide unbiased business, market and competitive analysis and recommendations in support of management decision making
  • Analyze operational and financial data in order to provide qualitative and quantitative information to support the strategic development efforts
  • Lead and manage critical projects, ensuring timely delivery of high quality outputs by all team members
  • Build strong relationships with the executive team, and act as a counselor on the most important strategic issues
  • Manage rotational nature of team, including attracting top talent from outside the company and placing team members in leadership positions through the enterprise
  • Develop a high caliber team of strategy professionals

M&A / Corporate Development

  • Where appropriate and as needed, work closely with senior management, business line executives and the corporate development team to assess opportunities, provide due diligence support and support execution and transition efforts
  • Evaluate emerging market capabilities and bring forward opportunities to buy or partner where it may make sense to close particular capabilities gaps that support the business strategy
  • As needed, manage portfolio of strategic investments

Client and Business Partner Engagement

  • Engage frequently with the senior leadership team regarding topics of strategic importance
  • Build and maintain strong relationships with the leadership team to ensure that strategies are market facing and guided by market needs
  • Build partnerships with other areas to ensure the organization is balancing advancement against its strategic priorities while achieving operating plan objectives
  • Build partnerships with others to connect strategic management discipline with other core business practices such that advancing the strategic direction

Qualifications

The Background and Experience you’ll need …

  • The ideal candidate with have both management consulting and business strategy experience as well as a proven track record of position their prior firms and clients to be competitive and successful in the market. Other relevant qualifications are:
  • Measurable experience in combination of professional services and the financial services industry
  • MBA or similar advanced degreepreferred.
  • Well-honed consulting skills enabling the individual to work with others to elicit information, to think objectively and analytically and to influence outcomes positively
  • Demonstrated experience managing a varied team of professionals
  • Excellent leadership, communication, facilitation and presentation skills
  • Experience building a sustainable, profitable business while meeting the highest ethical standards
  • Experience in evaluating and executing transactions
  • Excellent quantitative and problem-solving skills, including financial modeling skills
  • Ability to quickly develop a deep knowledge of the company, Industry, products and services

Competencies:

Business Acumen: Demonstrates knowledge of the interdependencies of key business processes, functions and risks. Identifies and uses the key financial indicators necessary to measure business performance. Knows the competitors; is aware of how strategies and tactics work in the marketplace. Identifies and anticipates customer requirements, expectations and needs.

Critical Thinking: Critically and logically evaluates the costs, risks and benefits of alternatives before coming to a solution. Probes and loos past symptoms to determine the underlying causes of problems and issues. Approaches problems holistically; defines connections, linkages, interdependencies and develops solutions. Takes ownership of problems and stays on top of them until resolved.