VP, Corporate Counsel, Insurance Transactions

001 Prudential Ins Co of America; Newark (NJ); Híbrido; USD 208.000 - 313.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical, dental, vision insurance

Life and disability insurance

401(k) plan with company match

Company-funded pension plan

Wellness programs

Education benefits

Employee stock purchase plan

Descripción de la vacante

Prudential Financial, Inc. seeks an experienced transactional attorney to join the Retirement Law legal team in Newark, NJ or Hartford, CT on a hybrid schedule.

The role focuses on pension risk transfer transactions and international reinsurance matters for institutional retirement, with broad regulatory engagement and cross-functional collaboration. The candidate will draft, negotiate, and provide pragmatic legal guidance on complex transactions, insure compliance with ERISA and insurance

Formación

• Juris Doctorate and NJ bar admission or eligible for in-house counsel license.
• 8+ years of legal experience with significant transactional work and strong drafting/negotiation skills.
• Experience with insurance, reinsurance, retirement or financial services industry desirable.
• Experience with complex transactions (M&A, reinsurance, corporate finance) and with insurance regulation preferred.
• ERISA-related analysis, defined benefit plans, and legacy products are preferred.
• Substantial experience drafting and reviewing complex transaction documents and commercial agreements.

Responsabilidades

• Provide focused, technically sound and pragmatic legal support to the Institutional Retirement business, including PR T and IR transactions.
• Support life company reinsurance transactions with affiliates, captives, and counterparties; negotiate and document treaties and related agreements.
• Provide regulatory guidance and engagement with state regulators.
• Support the Institutional Retirement business’s in-force block of business, interpreting contracts and assisting with policy administration.
• Collaborate with cross-functional teams on growth, new structures, product development and market expansion.
• Exercise independent judgment to identify material legal and regulatory risks and propose solutions.

Conocimientos

Juris Doctorate

8+ years experience

ERISA analysis

Drafting & negotiation

Insurance/Reinsurance

Transactional law

Educación

Juris Doctorate (JD)

Bar admission: NJ or eligible

Descripción del empleo

Job Classification: Corporate - Legal and Compliance

Our Business: The Prudential Retirement Legal Team is part of the US Business Law Group of Prudential’s Law Department. We are seeking a highly talented, business savvy and experienced transactional lawyer to join the Retirement Law legal team supporting our Institutional Retirement business and reinsurance matters across Prudential’s domestic and international businesses. Prudential’s Institutional Retirement business offers, among other things, domestic and international pension risk transfer products. Pension risk transfer products enable a defined benefits plan to transfer its pension liability to Prudential. The “funded” transfer structure, which is most prevalent in the U.S. market, involves the transfer by a pension plan of risks associated with the pension liability in return for a one-time premium. The “longevity only” transfer structure, which is most prevalent in overseas pension markets, involves the transfer of the risk that plan participants, as a whole, live longer than expected. The position will be located in Newark, NJ or Hartford, CT on a hybrid schedule (approximately 3 days per week).

Your Impact:

• Providing focused, technically sound and pragmatic legal support to the Institutional Retirement business, including with respect to U.S. pension risk transfer transactions (“PRT”), and the reinsurance of international pension risk transfer and longevity reinsurance transactions (“IR”) involving domestic and global defined benefit plans, including the negotiation and drafting of related agreements and advising on key issues and risks.
• Providing legal support for all aspects of life company reinsurance transactions, with affiliates, captives and unaffiliated counterparties, including negotiation and documentation of treaties and related agreements.
• Regulatory guidance, including advising on insurance regulatory requirements and engagement with state regulators.
• Supporting the Institutional Retirement business’s substantial in-force block of business, including issues of contract interpretation and policy administration.
• Partnering with business and cross-functional teams on growth efforts, including new transaction structures, product development and evaluation of new markets.
• Exercising independent judgment, identifying and communicating material legal and regulatory risks, and partnering with business partners to identify appropriate solutions.

Your Required Skills:

• Juris Doctorate (or equivalent) required (must be licensed in NJ or eligible to obtain a limited NJ license for in-house counsel).
• 8+ years of legal experience, including significant transactional experience and strong drafting and negotiation skills.
• Experience with insurance, reinsurance, retirement or financial services industry highly desirable.
• Experience with complex transactions, which may include mergers and acquisitions, reinsurance transactions, and/or corporate finance, as well as with insurance regulation, is preferred.
• With respect to PRT, experience with ERISA-related analysis, in-force administration, defined benefit plans, and legacy products is preferred.
• Substantial experience drafting and reviewing complex transaction documents and commercial agreements.
• Superior interpersonal, organizational, written and oral communications skills.
• Ability to manage and work effectively with outside legal counsel.
• Demonstrated ability to collaborate with internal clients, control partners, and external plan customers and intermediaries to shape transaction and product solutions and translate them into clear documentation.

Prudential offers a collaborative and collegial work environment, with an enterprise focus on the growth, development and success of talented associates.

Members of the Retirement legal team are part of Prudential’s global Law, Compliance, Business Ethics and External Affairs (LCBE) organization. Associates of LCBE work together to assure that Prudential's products, services and operating practices adhere to relevant laws and regulations, as well as to Company policies and business standards.

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 $208,400.00 to $312,600.00. 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).
• 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.
• Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
• 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.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

Professional Services and Corporate Information

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec.31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Prudential Financial, Inc. is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Press & Media

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