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Vice President and Transaction Lead, Longevity Risk Transfer


Newark, NJ
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Job Details

Position Title: Vice President and Transaction Lead, Longevity Risk Transfer
Job Code: 401478
Job Location: New Jersey-Newark

The VP, Longevity Risk Transfer will be charged with leading the coordination of certain transaction activities across functional units in support of Prudential's Longevity Risk Transfer (LRT) business, which is the international component of Prudential’s rapidly growing Global Pension Risk Transfer business. These activities include coordinating the bid process and leading the team’s preparation for discussions with market intermediaries and counterparties with respect to live transaction opportunities. The successful candidate will provide key leadership in our efforts to support aggressive business growth while maintaining an appropriately controlled operating environment. He or she will also be accountable for achieving business objectives with respect to transaction negotiation and execution efforts by providing transaction leadership for certain clients and deals. Transaction leadership responsibilities will include leading organizational readiness for quoting as well as negotiating price and terms for new transactions along with collaborating with senior management, other product leads and centers of excellence to create and drive business success.

Major Responsibilities:

  • Accountable for growth objectives – leading the cross-functional team in quoting, winning, negotiating and closing of complex financial transactions and pursuing or supporting expansion of business capability leading to new business opportunities in the international LRT market
  • Drive environment of control – continually evaluate, identify and implement control process improvements related to individual transactions. Specifically, with respect to the bid process, ensuring that all cross-functional areas maintain appropriate documentation and have completed all necessary analysis and completed all appropriate governance requirements.
  • Lead collaboration efforts to seize opportunities - key responsibility of the position is to coordinate activities of cross-functional areas supporting individual transactions in the International LRT business.
  • Build and maintain business processes supporting production of client materials - develop term sheets and other materials used to respond to LRT bid requests and establish cross-functional standards for responding to indicative quote requests and RFPs.

  • Bachelors Degree.
  • 10 years of work experience in Actuarial, Banking, Financial Services and / or Insurance.
  • 5 years of work experience in Structured Fixed Income.
  • Demonstrate proven and extensive leadership skills.
  • Demonstrate the ability to present to clients as well as senior leaders and enterprise committees.
  • Demonstrate the ability to independently lead transactions from the bid phase through to closing.
  • Prior experience negotiating complex financial transactions.
  • Demonstrate significant analytical ability.
  • Actuarial Credentials preferred. CFA or FRM a plus.
  • Willing and able to travel 20 percent: domestically and internationally.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at for more information about doing business with Prudential.
Job Function: Actuarial
Schedule: Full-time
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