VP – Strategic Initiatives

Job Classification:

Project Mgmt, Transformation & Strategy - Project Mgmt, Transformation & Strategy

Prudential’s U.S. Businesses (USB) include our Retirement Strategies, Individual Life Insurance, Group Insurance, and Retail Advice & Solutions businesses.  Together, these businesses serve over six million retail and 20 million worksite customers across all demographic segments.  We also partner with over three thousand institutional clients and one hundred thousand third-party financial professionals.

The USB Strategy team serves as a key partner to the Head of U.S. Businesses, 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.

We are seeking a dynamic leader and strategist for the role of VP, Strategic Initiatives. You will be expected to support the development, prioritization, and implementation of a range of strategies and initiatives to drive profitable growth across our Individual Life and/or Group Insurance businesses, reporting to the Head of Strategy for these assigned businesses.

Success in this role will be built on your ability to provide structure insights into differentiated strategies to drive growth, 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.

The current employee work arrangement 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.

What you can expect:

• Support the creation and ongoing refinement of the overall strategy and strategic priorities.
• Drive the strategic initiative development and prioritization process towards execution. Partner with the business senior leadership teams (SLT) to develop and assess the strategic initiatives that will have greatest impact on each business and its customers, resulting in a strategic initiative backlog that is well understood and supported.
• Lead the development of strategy documents and communication materials, including business and strategic reviews to senior leaders, including Executive Leadership Team (ELT), US Operating Committee, the Board of Directors and other key constituencies.
• Bring a project-based strategic capability to identify and analyze strategic opportunities.
• Build collaborative and trusted relationships across Prudential’s strategy, business development, and finance teams to ensure Prudential realizes its full potential by helping enable business outcomes.
• 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.

What you'll need:

• Bachelors degree required, Masters preferred
• Minimum 7-10 years of experience in business strategy, finance, or other leadership roles, including experience in financial services
• Believes in a non-hierarchical culture of collaboration, transparency, and trust
• Not afraid to ‘roll up the sleeves’ and seeks to go outside comfort zone to learn – pushes the team to do the same
• Industry knowledge, including, Individual Life Insurance, Group Insurance, Retirement Strategies, and Retail Advice / Wealth Management
• Proven strength in creating positive working relationships and leading projects with heavy cross-business/cross-functional collaboration
• Exceptionally strong analytic, strategic thinking, and problem-solving skills
• Proven verbal and written communication skills
• Demonstrated ability to influence and drive change

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

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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 $185,100.00 to $250,500.00. 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), after one year of service. 

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.