Location: Remote (Tri-State Area Preferred)
Company Overview:
Prismic Life is a Bermuda-incorporated life and annuity reinsurer and a growth-oriented reinsurance platform. The company leverages Prudential Financial’s sponsorship and the market-leading asset management capabilities of PGIM and Warburg Pincus to deliver value to clients. Prismic Life’s expertise and scalable operating model enable the firm to provide risk and balance sheet management solutions, while offering investors access to reinsurance as an asset class. Launched on September 1, 2023, Prismic Life currently manages over $17 billion of liabilities.
Position Summary
Prismic Life Reinsurance is seeking a highly motivated Program Director to partner closely with the Chief Operating Officer (COO) and Chief Investment Officer (CIO) and senior leadership team in driving strategic priorities across the organization. This role serves as a key execution partner responsible for operationalizing enterprise initiatives that span Investments, Operations, Technology, Finance, Risk, and external strategic partners.
In addition to supporting investment-related initiatives, this role will lead cross-functional program management efforts associated with Prismic’s Target Operating Model (TOM 2.0), onboarding new reinsurance mandates, integrating new asset classes, operationalizing new investment capabilities, coordinating vendor implementation, and driving enterprise operating model maturity.
This is a highly operational and financially oriented role responsible for managing the frequent coordination required among Prismic’s investment leadership, external asset managers, transaction teams, account teams, and other internal and external stakeholders. The Director will translate complex and often fluid discussions into clear priorities, decisions, ownership and executable actions.
As Prismic continues its growth and organizational evolution, this individual must be comfortable operating in ambiguity, navigating competing priorities, and providing structure in situations where requirements and solutions may not yet be fully defined. Success in this role requires strong business acumen, advanced analytical capabilities, and the ability to engage, influence, and build alignment among senior leaders and external partners.
This position will support several strategic workstreams, including coordination with key external investment partners, transaction-related initiatives, portfolio management and ALM-related programs, operational transformation efforts, and other enterprise priorities as they arise.
This role is initially offered on a contract basis, with the potential to convert to a permanent position based on performance and business needs.
Key Responsibilities
- Lead cross-functional strategic programs spanning Investments, Operations, Technology, Finance, Risk, Legal, and external service providers to ensure successful execution of enterprise priorities.
- Partner with business leaders to operationalize Prismic’s Target Operating Model (TOM 2.0), translating strategic objectives into scalable operating processes, governance frameworks, and measurable outcomes.
- Lead program management activities associated with onboarding new reinsurance transactions investment mandates, asset classes, investment managers, custodian, administrators, and strategic vendors.
- Coordinate enterprise-wide implementation efforts including operating models, data flows, governance, technology integrations, business readiness, testing, operational procedures, and post-implementation stabilization.
- Establish and mature Program Management Office (PMO) standards including project governance, intake processes, controls, data ownership, and operational procedures supporting enterprise transformation initiatives.
- Serve as the primary coordination point across Prismic’s leadership, strategic asset managers, service providers, technology partners, and other external stakeholders supporting enterprise initiatives.
- Plan and facilitate weekly strategic meetings with senior executive-level meetings, ensuring that objectives, decisions, open questions, and required follow-up actions are clearly documented and communicated.
- Identify issues with unclear or overlapping ownership and translate them into concise, prioritized directives with clear decision owners, deliverables, and timelines.
- Synthesize complex input from Prismic, PGIM, and other stakeholders into actionable recommendations for the COO, CIO and senior leadership.
- Build and maintain trusted relationships across internal teams, executive leadership, PGIM, and other external partners, ensuring stakeholders remain informed, appropriately engaged, and heard throughout the decision-making process.
- Anticipate stakeholder concerns, facilitate constructive discussion, and help resolve issues before they impede progress or affect key relationships.
- Support strategic initiatives involving investment partnerships, operational transformation, new business onboarding, enterprise technology implementations, data governance initiatives, and cross-functional operating model enhancements.
- Facilitate executive-level and partner meetings, frame decisions, distill complex discussions, document conclusions, establish accountability, and ensure timely follow-through.
- Drive business delivery by identifying opportunities for process improvement, operational efficiency, and enhanced organizational effectiveness.
- Monitor progress against key initiatives, identify risks and dependencies, and provide concise updates and recommendations to executive leadership.
- Develop executive and Board-level materials that synthesize complex topics into clear recommendations and actionable insights.
- Ensure projects are executed in accordance with organizational standards, governance requirements, and regulatory expectations.
Qualifications
- Bachelor's degree in finance, economics, actuarial science, or a related discipline required; MBA or equivalent advanced degree preferred.
- 10+ years of experience leading strategic programs, investment related initiatives, transaction programs, portfolio management activities, ALM programs or other complex financial services workstreams
- Experience establishing or supporting enterprise Program Management Offices (PMOs), governance frameworks, portfolio management disciplines, or operating model transformations.
- Proven ability to partner with executive leadership and influence decision-making across diverse stakeholder groups.
- Experience supporting insurance or reinsurance transactions and assessing the interaction among liability characteristics, investment strategies, transaction pricing, and financial performance.
- Experience leading complex cross-functional initiatives involving business operations, technology, data, investment operations, finance, and external vendors.
- Strong strategic planning capabilities with a demonstrated ability to convert business priorities into actionable programs and measurable results.
- Exceptional communication and executive presentation skills, including experience preparing materials for senior leadership and Boards.
- Strong relationship management skills, including the judgment and presence to surface concerns, navigate competing perspectives, and ensure stakeholders feel heard while maintaining momentum and accountability.
- Familiarity with investment operations, insurance operations, reinsurance administration, portfolio accounting, market data, or enterprise data management.
- Strong business acumen, analytical capabilities, and problem-solving skills.
- Highly organized with the ability to manage multiple priorities in a fast-paced, evolving environment.
- Experience with Agile methodologies; PMP certification preferred.
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This position is listed as contract and able to be worked remotely.