Vice President RS FAC Financial Transformation and Optimization Lead
Vice President RS FAC Financial Transformation and Optimization Lead
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Job Description
Job Classification:
Project Mgmt Transformation & Strategy Project Mgmt Transformation & StrategyThe Retirement Strategies Finance and Actuarial Community (RS FAC) is critical to Prudentials ability to generate longterm growth in value make intelligent decisions meet regulatory and financial reporting obligations and to keep our promises.
We are seeking a strategic and innovative individual to lead the modernization of our RS FAC operations. This critical leadership role will drive the transformation of processes tools and capabilities to strengthen controls enhance efficiency and unlock actionable insights that influence the RS business strategy. The successful candidate will help to define and drive to the future state of financial analysis to enable better decision making enhance processes and controls. They will foster a culture of continuous improvement the embracing of technology and collaboration across the organization.
The holder will coordinate across the RS FAC organization and partner closely with Technology FM Transformation and other RS business teams to deliver. Depending on the candidate they may also be called on to support or lead other RS FAC responsibilities (e.g. inforce optimization initiatives).
The role will be key to the future success of the RS business and will initially report to the RS CFO.
Primary Responsibilities:
Strategic Transformation Leadership: Partner to design influence and execute a comprehensive transformation roadmap to modernize processes tools and systems aligning with organizational goals and best practices.
Design and Delivery of RS FAC Transformation: Initially including transforming the close moving to disciplined spread margin management reengineering the forecast developing capabilities to produce longterm GAAP and statutory projections optimization of the new business financial processes (e.g. for Pension Risk Transfer).
Process Optimization: Develop an understanding of all RS FAC processes including GAAP and Statutory reporting forecasts Reinsurance New Business Pricing Assumptions setting Valuation capital management and expense management. Identify inefficiencies in current workflows and partner to eliminate manual processes and implement scalable automated solutions to enhance operational efficiency.
Embedding a Control Culture and Controls Enhancements: Responsible for the control culture of RS FAC and the embedding of a culture of controls and automation across the organization. Partner across the organization to enhance controls through automation and elimination of EUCs and automation of detective controls and developing an endtoend control cycle for new products and initiatives.
Technology Enablement: Ensure the latest tools platforms and analytics solutions are understood utilized and embraced and across the organization.
Insight Generation: Develop capabilities to deliver deeper financial and actuarial insights enabling datadriven decisionmaking that supports pricing reserving inforce optimization capital management and overall business strategy.
Stakeholder Collaboration: Work closely with crossfunctional leadership and teams (e.g. FM Transformation Global Technology other FAC teams) to ensure RS needs are understood and met and that there is alignment and integration of transformation efforts across the enterprise.
RS FAC Support: Support or drive other core RS FAC deliverables as required (e.g. inforce optimization).
Exhibiting several of the following qualities would make the candidate a good fit:
10 years of progressive experience in finance actuarial technology or transformation with at least 5 years in a leadership role.
Exceptional ability to lead crossfunctional teams influence stakeholders and manage change in a complex organization.
Proven track record of leading largescale process improvement or technology implementation initiatives in insurance or financial services.
Strong understanding of finance and actuarial processes (e.g. reserving pricing financial reporting).
Passion for technology and familiarity with automation tools generative AI predictive analytics data analytics platforms (e.g. Python R Power BI) and insurancespecific software (e.g. ResQ AXIS).
Bachelors degree required. CPA/FSA/MBA/CFA or other advanced degree or designation is a plus.
Strong ability to influence and excellent verbal and written communication skills with the ability to distill complex concepts into clear actionable plans for diverse audiences
Strategic thinker with a handson approach to problemsolving and .
Resultsoriented innovative and adaptable with a passion for driving efficiency and excellence.
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 $171500.00 to $232000.00. 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
