What are the responsibilities and job description for the VP, Corporate Development position at New York Life?

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 hereto 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

Salary : $250,000 - $300,000

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