AVP Corporate Strategy

Job Posting End Date: May 02

When you join the team at Unum, you become part of an organization committed to helping you thrive.

Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide: 

• Award-winning culture 

• Inclusion and diversity as a priority 

• Performance Based Incentive Plans

• Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability 

• Generous PTO (including paid time to volunteer!) 

• Up to 9.5% 401(k) employer contribution 

• Mental health support 

• Career advancement opportunities 

• Student loan repayment options 

• Tuition reimbursement

• Flexible work environments 

*All the benefits listed above are subject to the terms of their individual Plans.

And that’s just the beginning…  

With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today! 

General Summary:The person in the AVP, Corporate Strategy position is will play a key role in the development and execution of Unum Group growth strategy, working closely with the senior executive team and business owners across the organization.
This role will have three main responsibilities, in varying degrees:
1) Draw upon a thorough understanding of the marketplace, data-driven analysis, an “outside-in” perspective, and competitive dynamics to identify areas above and beyond existing core businesses where Unum could expand into to enable the corporation to achieve their long term financial objectives.
2) Manage the portfolio of strategic projects across the entire corporation, including our main business units.
3) Monitor performance of these project against pre-set goals and metrics and prepare reports to update executive team on these projects.

Principal Duties and Responsibilities

• Responsible for driving the development of Unum Group strategy, working closely with the senior executive team to set our financial and business long term goals and aspirations, and to determine areas to expand into
• Identify, size and evaluate global growth opportunities, including advancement of potential employer and/or consumer segments, new markets, partnership opportunities, and technology options for the Unum Group business
• Prioritize new growth initiatives based on strategic fit, financial fit and fit with Unum’s capabilities. Assess likely revenue and profit impacts of ideas
• Develop execution plans to drive the growth strategy and to implement opportunities necessary to achieve goals and aspirations across existing and new markets
• Assess strategic potential for Unum in markets outside the US and UK, develop product and market strategies, identify distribution channels and partners and execute implementation
• Continuously monitor and evaluate efficacy of growth strategy against the backdrop of significant change in the financial services sector and the success of initial investments
• Develop a detailed understanding of the market dynamics and competitors and how those affect Unum Group strategy
• Leverage research, analysis, external market perspectives, and internal data to build thorough analysis to inform strategy development
• Develop, oversee, and drive robust portfolio governance process for the portfolio of strategic projects around the business. Keep track of what the business is investing on from a strategic perspective, including Group and Business Units initiatives; Monitor progress against cost/benefit analysis/business case for each investment and provide Status reports on projects underway;
• Support the management of team’s activities, including weekly meetings agendas, action lists and follow ups, and organize team offsites, such as development meetings, etc.
• Assess and identify Unum’s current competitive advantages, how can these be deployed in adjacent markets, and what other capabilities are needed to win in these markets
• Drive thinking and recommendations for current and future organic and inorganic investments required to built capabilities needed for the future
• Effective member of a negotiating team helping to drive and assist in business integration strategies.
• Build credibility and establish effective working relationships with internal constituents throughout the organization, and be seen as a team player, trusted advisor and business partner to the lines of business and to corporate who can build consensus and influence outcomes, while challenging thinking.

Job Specifications

• Bachelor’s Degree required, MBA preferred
• Finance experience preferred
• 10+ years experience in business strategy, corporate finance, business management, project management or consulting
• Comfortable working at all levels in the organization from the C-suite to business unit professionals; team builder.
• Assimilate and adapt to Unum’s culture while managing change using strong influencing skills, while operating in a new/unfamiliar environment, and working effectively within a highly matrixed organization.
• Knowledge of the basic economics of financial services and business services companies
• Focused on quick results and fast turnaround.
• Very strong problem structuring and analytical skills
• Very strong financial modeling and presentation writing skills
• Very strong verbal and written communication skills
• Superior project management skills; strong collaborator
• Fast paced; comfortable with tight deadlines, fast turnaround times and ambiguity

#LI-LM2024

Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.

The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.

$114,100.00-$215,700.00

Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not.  All benefits are subject to the terms and conditions of individual Plans.

Company:

Unum