VP, Corporate Counsel, Insurance Transactions

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

Ventajas ofrecidas por este puesto de trabajo

Hybrid schedule

Descripción de la vacante

Prudential Ins Co of America is seeking a highly experienced transactional lawyer to join the Retirement Law team in Newark, NJ on a hybrid schedule (about 3 days per week). The role supports Institutional Retirement and reinsurance matters across Prudential's domestic and international businesses, including PRT and IR transactions and related regulatory work.

You will draft and negotiate related agreements, advise on regulatory requirements, and collaborate with cross-functional teams to shape

Formación

• Juris Doctorate required; must be licensed in NJ or eligible for limited NJ license for in-house counsel.
• 8+ years of legal experience with transactional focus and strong drafting/negotiation skills.
• Experience in insurance, reinsurance, retirement or financial services industry desirable.
• Experience with complex transactions (M&A, reinsurance, corporate finance) and insurance regulation preferred.
• ERISA-related analysis, defined benefit plans, and legacy products experience preferred.
• Extensive experience drafting and reviewing complex transaction documents.
• Superior interpersonal, organizational, written and oral communication.
• Ability to manage outside counsel and collaborate with internal clients and partners.

Responsabilidades

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

Conocimientos

8+ years legal experience

Transactional experience

Drafting and negotiation

Insurance/reinsurance/retirement

Complex transactions & regulatory

ERISA analysis & defined benefit

Work with outside counsel

Collaboration with internal clients

Educación

Juris Doctorate (JD) or equivalent

Licensed in NJ or eligible for NJ license (in-house)

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 experience, 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. Team members can expect to quickly develop strong collaboration relationships with key Prudential Institutional Retirement business leaders, as well as leaders focused on reinsurance more broadly, and to regularly interact with some of the top US and international law firms.

#LI-Hybrid

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