VP, Private Credit and Alternative Investments

About Prismic

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.

About the Role

We are currently seeking a dynamic individual to join our Prismic team as a VP, Private Credit and Alternative Investments. Our company's expertise and operational scalability allow us to provide risk and balance sheet management solutions to clients while offering investors the opportunity to participate in reinsurance as an investment. Prismic is building a core leadership group of seasoned experts with a track record of success and an ownership mindset to deliver on shared ambitions. This is a unique opportunity to join an entrepreneurial start-up that has the benefit of strong sponsorship, enabling it to scale. Our team of professionals brings commercial depth and technical expertise across various fields, including Reinsurance, Investments, Finance, Asset-Liability Management, Actuarial, Transactions, Law, Controllership, Operations, and Risk.

The VP, Private Credit and Alternative Investments is responsible for managing alternative asset classes, sourcing alpha opportunities, and driving technological integration and operational excellence across the investment function. Reporting directly to the CIO, this individual will play a critical role in achieving superior returns through alternative strategies.

Key Responsibilities:

• Oversee investment and management in private credit structures, private equity special situations, infrastructure, emerging market debt, asset-backed financing investments.
• Identify, evaluate, and lead investment decision for alpha-generating opportunities in partnership with CIO and Investment Committee.
• Set strategic direction for operational excellence across alternative investments, including technology enablement and scalable investment processes.
• Manage liquidity, collateral, and operational risks effectively to optimize portfolio performance and flexibility.
• Ensure comprehensive performance measurement and transparent reporting for internal and external stakeholders using Factset and other PM tools.
• Stay abreast of market developments, competitor benchmarking, and industry best practices to inform dynamic and adaptive investment strategies.
• Champion governance and compliance, maintaining robust oversight and due diligence processes for alternative investments.
• Establish and maintain strong relationships with key stakeholders, including investors, partners, and other industry professionals.
• Ensure alignment with the company’s values and culture.
• Ability to travel to Bermuda and US-based Prismic locations as needed.

Required Skills and Qualifications:

• 10 years of relevant experience in alternative investments including private equity, private credit, and specialized asset classes.
• Proven track record in operational leadership, technology integration, and process improvement within an investment context.
• Strong network in private markets, infrastructure, and specialty finance sectors.
• Demonstrated executive presence with ability to engage Board, regulators, and rating agencies and broker-dealers / reinsurance counterparties
• Ability to translate complex investment and risk concepts into clear, actionable insights for executive and Board audiences
• Advanced degree or CFA designation preferred.

Compensation and Benefits:

Prismic 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 $215,000 - $295,000. Specific pricing for the role may vary within the above range based on may factors including geographic location, candidate experience and skills.

• Annual bonus and performance incentive awards.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO)
• 401(k) plan with company match.

We are excited to welcome a new member to our Prismic team who is ready to take on the challenges and opportunities that come with being a VP, Private Credit and Alternative Investments. If you are a driven, innovative, and experienced professional looking to make a significant impact in a growing and dynamic company, we encourage you to apply.