Job Classification:
Finance & Accounting - Finance & Accounting
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions!
Prudential was founded on the belief that financial security should be within reach for everyone. It's a challenge we've embraced for more than one hundred and forty years. A strong sense of social responsibility has remained embedded in the company, guiding our efforts to help people now and in future generations achieve peace of mind and a more secure future.
In keeping with that tradition, Prudential strives to be a catalyst for meaningful, authentic and positive change to achieve shared prosperity for individuals and communities in the United States and around the world. Prudential annually invests more than $40 million in strategic grants and contributions to develop long-term partnerships that strengthen communities and create pathways for all to achieve financial and social mobility.
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Prudential's Social Responsibility team is responsible for the development and implementation of the company's philanthropic and employee community engagement strategies which are focused on driving social impact in the following areas:
- Help individuals, workers and families build financial security and wealth by testing and scaling asset building pathways, creating inclusive financial systems and improving job quality.
- Create thriving and vibrant local communities by advancing equitable development and economic empowerment and mobility, particularly in our home city of Newark.
- Strengthen communities and nonprofit organizations through employee community engagement programs and capacity building initiatives.
- Support disaster relief and recovery efforts for emergencies, natural disasters and humanitarian crises.
The team seeks a Director for the Inclusive Communities portfolio to lead the company's philanthropic strategy in advancing inclusive and equitable growth in Newark. This place-based portfolio invests in partnerships that drive economic vitality and financial prosperity with a focus on equitable development and economic mobility in Newark. The Director will collaborate with internal business partners and external stakeholders to advance the company's role as a leading anchor institution in Newark and manage a grantmaking portfolio of nonprofit partners to advance the company's social impact goals.
The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:
- Provide strategic leadership and oversight of the Inclusive Communities portfolio and team to drive inclusive economic growth and advance Prudential's role as an anchor institution in its headquarter city of Newark, NJ.
- Establish funding priorities, program goals & objectives and manage the philanthropic budget of the Inclusive Communities portfolio. Develop funding recommendations, both written and oral, from programmatic, financial, and strategic reviews.
- Provide strategic relationship management of nonprofit grantee partners through regular communications, anticipating challenges in meeting deliverables and providing technical assistance in execution of their grant deliverables.
- Develop and cultivate partnerships with internal and external stakeholders to advance the company's philanthropic strategy and inclusive business practices in Newark, NJ.
- Represent the Inclusive Communities team on internal cross-functional initiatives on topics related to Newark and the intersection of social and business impact goals.
- Build and lead networks/coalitions with nonprofit partners, policymakers, internal business partners and other funders to accomplish the department goals and objectives.
- Serve as subject matter expert internally and externally maintaining a breadth of knowledge, including research, current trends, emerging issues, policy interventions, and innovations. Provide guidance and recommendations as requested.
- Lead the measurement and evaluation of the Inclusive Communities portfolio, including defining impact metrics and conducting data analysis to inform the strategy going forward.
- Research, develop and present new ideas for strategic initiatives to advance Prudential's social impact strategies.
- Manage a team dedicated to the execution of the Inclusive Communities portfolio.
- Raise awareness of the Inclusive Communities impact and portfolio in partnership with communications, including preparing internal and external communication materials such as board reports, issue briefs, website content, speeches, and press releases.
- Represent Prudential's Social Responsibility team at both internal and external events and stakeholder convenings.
- Some travel required.
What you'll need:
- Bachelor's degree required.
- Minimum of 8-10 years of professional experience in the philanthropic or nonprofit field.
- Strong record of achievement in the nonprofit or philanthropic sector and substantive knowledge of the issues related to inclusive economic growth, place-based philanthropic strategies, economic and community development, and economic mobility.
- A strong understanding of public policy, systems change and community engagement in driving societal change.
- Experience developing and leading a high performing team. Comfortable with dotted-line and ad-hoc management of team members for projects or initiatives.
- Demonstrated experience in building effective and strategic partnerships.
- Proven ability to work collaboratively across various lines of business and proactively cultivate relationships with a diverse range of internal and external partners.
- Demonstrated ability to think strategically across a range of social impact issues and topic areas.
- Excellent writing and communications skills with a proven track record of writing and presenting to a wide range of audiences.
- Sound judgment and problem-solving skills with a commitment to continual learning.
It'd be a plus if you had:
- 5+ years leading strategy.
- Experience working either internally or in partnership with anchor employers in diverse communities.
- Organizational skills, attention to detail and ability to prioritize.
- Proficiency in Microsoft Word, Excel, Outlook, and PowerPoint and the ability to adapt to new software quickly.
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. People who have successfully developed their skills in this role have taken leadership responsibilities across the team and business and their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:
- 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
- Retirement plans:
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 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.
- Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
- 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.
To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Note: 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 $148,800.00 to $201,200.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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 www.prudential.com 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, 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.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.