Vice President - Strategic Initiatives - Prudential - Newark

Job description
The Strategic Initiatives Group in Newark, New Jersey has an opening for a Vice President, Strategic Initiatives.

The Strategic Initiatives group has three main areas of responsibility: supporting strategy development within and across U.S. businesses, including exploring new profitable growth opportunities; managing Prudential?s cross-company Thought Leadership initiative, including creating and distributing new Thought Leadership publications; and supporting the development of senior executive communications.

While each member of the Strategic Initiatives group may be called upon to support any of these three areas of responsibility, the new VP, Strategic Initiatives will primarily be responsible for the identification and development of cross-business profitable growth opportunities.

· Ideas for profitable growth opportunities may include new product solutions, new distribution channels, or both, and may focus on acquiring new customers, meeting additional needs of existing customers, or both.
· This individual will manage cross-business teams for developing each profitable growth idea. These teams include representatives from two or more of Prudential?s U.S. businesses, which comprise Individual Life Insurance, Group Insurance, Retirement, Annuities, and Asset Management.
· Depending on the scope of work required for each idea, this individual may work for several months on a single idea, or, at other times, may work on a portfolio of a few ideas.
· This individual will partner with corporate functions as required for specific ideas, such as finance, market research, technology, advertising, and the key account team.
· This individual will be responsible for developing a comprehensive business case for each idea, based on in-depth research and analysis. This individual may also play a key role in piloting and launching ideas that are approved for implementation.
· This individual will contribute to the flow of new potential growth ideas, for example by understanding how external trends, such as the diffusion of new technologies, create market disruptions and opportunities.

Desired Skills and Experience
Key Selection Criteria
· 10+ of years experience in corporate strategy, business development, and/or project management roles, ideally with top-tier firms or management consultants in the financial services sector
· Extensive experience with leading large, cross-functional teams, ideally related growth strategies/business development
· Experience specifically related to either of the following areas would be a plus:
Provision of financial education and advice
Multi-channel/technology-enabled distribution strategies in financial services
· Very strong education credentials, most likely including an M.B.A. or other advanced degree

Critical Skills for Success
· Expert analytical skills, including the ability to identify, structure, and assess the key issues involved in validating specific growth opportunities
· Exceptional interpersonal and influence skills, including the ability to lead diverse cross functional teams, and to develop and draw upon a broad network of relationships across Prudential and its external partners
· Compelling oral communications, including the ability to synthesize clear insights and recommendations.
· Excellent written communications, especially with respect to developing clear, logical business cases and presentations

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