VP, Strategic Initiatives (Hybrid)

Prudential Annuities Distributors (PAD); Newark (NJ); Hybrid; USD 185,000 - 251,000; Full time

Job summary

A leading company is seeking a VP of Strategic Initiatives to drive growth across Individual Life and Group Insurance businesses. The role involves developing strategies, collaborating with senior leaders, and identifying new business opportunities. This hybrid position requires a dynamic leader with extensive experience in financial services and strategic thinking.

Benefits

Medical, dental, vision, life insurance

401(k) plan with company match

Company-funded pension plan

Wellness Programs

Work/Life Resources

Education Benefit

Employee Stock Purchase Plan

Qualifications

• Minimum 7-10 years of experience in business strategy, finance, or leadership roles.
• Industry knowledge in Individual Life Insurance, Group Insurance, and Retirement Strategies.

Responsibilities

• Support the creation and ongoing refinement of the overall strategy.
• Drive the strategic initiative development and prioritization process.
• Identify new breakthrough business models that present potential disruption.

Skills

Analytic

Strategic Thinking

Problem-Solving

Communication

Collaboration

Education

Bachelors degree

Masters preferred

Job description

VP, Strategic Initiatives (Hybrid) page is loaded

VP, Strategic Initiatives (Hybrid)

Apply locations Newark, NJ, USA time type Full time posted on Posted 2 Days Ago job requisition id R-118445

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.

#LI-MG1

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.

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.

If you need an accommodation to complete the application process, please email [e-mail] .

If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance .

About PGIM

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. For more information please visit news.prudential.com.

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.

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.