Chief Growth Officer - Business Development
Chief Growth Officer - Business Development
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Job Description
Job Classification:
Project Mgmt Transformation & Strategy Project Mgmt Transformation & StrategyContinuing on the of our vision of expanding access to insurance and financial products Prudential created a startup operating environment within the existing ILI business to accelerate and win in the Simplified Solutions space. This dedicated team leverages the size and scale of ILIs business while creating an opportunity to integrate insurance with technology and achieve exponential growth.
This is a team of fully empowered accountable and innovative owners that are eager to drive growth in new markets while operating beyond functions (an integrated approach to how work gets done with no functional constraints). A broad skillset with the necessary expertise and an ongoing focus on learning evolving fast decision making and executing will be key. Although different from the traditional teams we are used to working within this operating structure creates a startup environment that is nimble yet retains scale benefits.
Each of the team members is 100 dedicated and accountable to drive the strategy deliver on the day to day to drive exponential growth innovate and transform the endtoend customer experience and the overall success of our Simplified Solutions portfolio. Everyone on this team is an owner and plays across the team with the expertise they bring to achieve Simplified Solutions business objectives.
This model accelerates our Simplified Solutions trajectory by dynamically combining the best of insurance and technology ultimately expanding access and protecting many more lives.
Chief Growth Officer Role (Business Development)
This role will be responsible for all the business development activity within Simplified Solutions with the goal of closing partnership deals with target companies in different segments like large financial institutions and also fintechs and insurtechs. This role will develop and execute the strategy around partnership in different industry verticals that Prudential Simplified Solutions will operate in. This role also works on creating and delivering Simplified Solutions sales presentations to prospects representing the unit in market events and refining our value proposition of Prudential in each of these spaces. Finally this role will be accountable for all the business development activity related to prospecting negotiating and closing contracts with potential distribution partners.
Peers of this role are:
Chief Partner Optimization Officer that will optimize sales in every new partner signed by the Chief Growth Officer
Chief Operating Officer responsible for the endtoend operation of each partner from sales underwriting to claims and customer service.
Chief Product and Customer Experience Officer responsible for the insurance product and endtoend channel and customer experience.
Chief Technology Officer responsible for all technology support for the operation
Chief Marketing and Strategy Officer responsible for the strategic plan and management of our gotomarket strategy.
Chief Pricing and Data Analytics Officer responsible for pricing and all sales analytics
Responsibilities
Accountable for all business development activities related to prospecting new corporate partners negotiating and closing contracts and overseeing the first sale of each distribution partner. This is primary a sales position.
Development and of the strategic plan of target industries verticals and segments where Simplified Solutions will operate and set the prioritization of these segments based on current resources available and future resource development
Development and management of the customized value proposition to each partner segment including all the components of a stellar customer speech and reason why to work with Simplified Solutions. This role will be delivering this speech to all target distribution partner companies.
This position will be responsible for the prospecting activity across the US territory. Our target industries include retail financial institutions fintechs Insurtechs and are mostly noninsurance companies distributed across the country. They are a mix of Fortune 500 companies and digital start ups. They have in common the target customer segment of middle and low income market. The candidate should be able to navigate both worlds of large corporations and medium size tech companies and be comfortable developing business opportunities business plans and the and delivery of launching a partnership.
This role will also be responsible to actively manage the SS pipeline of partnership deals and the realization of goals of the area in terms of number of signed deals average revenue of signed deals launched deals deals in negotiation (including tracking all activity in internal systems and hosting periodic update meetings with key senior management capabilitycontributors).
Establishing a commercial discipline within the group with periodic updates and leading the prioritization efforts for implementation of accounts.
Ensuring that Prudential is included in all relevant deal RFPs and other solicitation processes.
Collaborating with Prudential venture capital ecosystem to ensure that investments are made contemplating a plan for monetization via partnershipbased distribution.
Proposal authoring and presentation (including coordinating with relevant contributors to develop content and with business stakeholders to confirm alignment and/or required approvals).
Participating in the establishment of overall partnership business governance and delegated authority to ensure that there is sufficient empowerment to do business development on a level that is appropriately nimble and fast but properly controlled from a risk perspective.
Knowledge and Experience
Significant (similar) experience in partnership deal business development preferably in the insurance industry (insurance company insuretech intermediary insurance team within a noninsurancecompany partnertype organization) with demonstratable record of success in driving growth.
Deep knowledge of innerworkings of consumer lines of insurance (especially Life A&H Travel Insurance) including P&L financials underwriting considerations / risk distribution strategies innovation use of digital technology operations and claims.
Experience with consumer insurance mass distribution including via digital touchpoints with a high degree of context and embeddedness.
Strong experience in developing commercial relationships in both large corporations and medium size tech companies.
An innovation mindset with resilience to navigate ambiguity and be result oriented.
Knowledge of / experience with US deals that are digital innature
Geographic Scope of position
This position will be part of the Simplified Solutions group located in Newark. However since we expect a significant travel portion on the total work time this role could be based outside of Newark in any major urban area across the country.
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 $213000.00 to $288200.00. 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.
Companyfunded pension plan.
Wellness Programs including up to $1600 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 parttime 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 .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
Chief
Employment Type
Full-Time
