VP, Corporate Counsel, Tax

Job Classification:

Corporate - Legal and Compliance

Prudential Financial is seeking a Vice President and Corporate Counsel to join the Tax Department located Newark, NJ, with product tax and information reporting experience. The Tax Department at Prudential provides legal advice and services to all company business groups and corporate functions. The successful candidate will work on a wide range of matters including the legal issues impacting our domestic insurance operations, as well as corporate center functions such as payroll, compensation and company benefits. The position requires a team player that is highly organized, responsive, a proven track record of managing professional staff, extremely flexible, has the ability to handle multiple projects while producing accurate and timely results and reports to a Vice President & Corporate Counsel in the Tax Department.
What you can expect:
• Advise all domestic insurance product development areas on the tax rules and implications of proposed products (e.g., individual life insurance, group life insurance, annuities, institutional investment products, etc.)
• Provide legal advice to all insurance operations and systems support functions as those areas process transactions and respond to internal and customer inquiries
• Provide legal advice to all marketing and advance marketing functions regarding the tax implications of various strategies and planning opportunities that utilize insurance products
• Review all Company product related materials that are visible to the public, such as insurance contracts, prospectuses, marketing materials, etc.
• Work closely with Business Unit Law Departments, as well as Compliance and Risk Management, to provide legal analysis and counsel relating to customer complaint cases and litigation
• Advise Corporate Centers on payroll and compensation related tax matters, including supporting deferred compensation arrangements, employee stock plans and other employee benefit programs
• Provide legal advice to all domestic and international operations on the reporting and withholding implications on payments made to any third parties.
• Keep management and other personnel up to date on pertinent legal, regulatory, legislative and industry developments
What you'll expect:

• Minimum of 8 years of tax experience in a private law firm and/or corporate in-house position handling insurance product tax matters, company benefits and the associated information reporting issues
• Working knowledge of the statutory definition of life insurance, modified endowment contract rules, the taxation of qualified and nonqualified annuities, Individual Retirement Accounts, payroll and company benefit programs
• JD degree from an accredited law school, be admitted to practice law in at least one state, and New Jersey In-House Counsel License, as applicable, within the required time
• LL.M. or MS in Taxation is a plus but not a requirement
• Possess exemplary leadership skills
• Strong analytical, practical problem-solving skills
• Clear and concise oral and written communication skills
• Strong collaboration skills and the capacity to work independently
• Courage and confidence to speak up, challenge and advocate for a point of view
• Able to interface with management across multiple businesses confidently and professionally, manage time effectively and provide actionable, solutions-oriented advice to all levels of the business
• Self-motivated with strong drive to overcome barriers and achieve results
• Exhibit sound judgment and the ability to comfortably make clear, rational and timely decisions in the best interests of Prudential consistent with available facts and applicable laws and regulations
 

What we offer you: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 $216,000.00 to $292,200.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• 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. 

• 401(k) plan with company match (up to 4%). 

• Company-funded pension plan. 

• Wellness Programs 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.  

• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.  

• 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. 

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.