Location Designation:Hybrid - 3 days per week
The VP of Corporate Development will work in partnership with other executive members of the Corporate Development team to lead all activities relating to enterprise and business strategic investments, partnerships, M&A, and related activity.
Description of the role
Thought, strategy and organizational leadership
- Drive all aspects of the enterprise corporate development process from start to finish
- Scope of corporate development will be broad and include mergers & acquisitions, divestitures, minority stakes, strategic partnerships, reinsurance structures, capital management, and other financial or strategic transactions
- Partner with businesses and executive management to develop enterprise and business corporate development strategy that is aligned with strategic priorities
- Develop and enhance internal capabilities to execute corporate development and M&A initiatives, including working with stakeholders to design processes, identify resources, lead training, and produce appropriate playbooks
Develop and expand the opportunity set based on a focused strategy
- Lead fundamental research, data gathering and analysis of sectors, products, and businesses in support of the strategy and corporate development process
- Identify, source and develop relationships with potential targets and strategic partners
- Be an effective advocate for NYL as a strategic partner
- Manage relationships with banks, other advisors, and potential counterparties
Lead transaction execution
- Lead all aspects of deal execution including project planning and management, stakeholder coordination, governance and approvals, due diligence, etc.
- Develop project timeline and workflow
- Establish alignment and collaboration with multiple constituents
- Lead all communications, development of supporting materials, and discussions with senior management and support Board of Director communications on corporate development matters
- Lead teams in due diligence including working with business units and enterprise functions
- Lead development and review of financial models and analyses
- Analyze and draw insights from GAAP and statutory financial statements and analyses
- Lead valuation work and review of actuarial and other third party appraisals
- Lead structuring of transaction funding
- Lead analysis of transaction impact on the enterprise financial and capital position and determine pro forma metrics
- Lead negotiations and development of all transaction terms and contracts
- Oversee a project management office and other stakeholders in integration planning and results measurement
Qualifications
- Extensive life insurance industry experience
- Bachelor's Degree, MBA preferred
- 5+years investment banking experience at VP level or above plus 3+ years of life insurance corporate development experience in a leadership role, or 6+ years of life insurance corporate development experience in a leadership role
- Proactive and collaborative team player
- Strong communication skills
- Strong ability to influence without direct authority
- Highly motivated
- Rapidly adapt to changing situations
- Able to make decisions and drive strategy in ambiguous situations
- Effectively manage large complex projects and teams
- Ability to drive multiple priorities
- Strong financial and analytical skills
Pay Transparency
Salary Range:$250,000 to $300,000
Overtime eligible:Exempt
Discretionary bonus eligible:Yes
Sales bonus eligible:No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Job Requisition ID:91075