Mark O'Connell, CFA

Experience

• 

  Prudential Financial

  Jul 2012 - now

  Lead team that develops and executes innovative solutions aimed at optimizing the Enterprise's capital, liquidity, risk, and return profile via bespoke structural solutions (both traditional & financial reinsurance, borrowing, hedging, etc.); manage all aspects of transactions including structuring, negotiation, external engagement (counterparty, rating agency, regulatory, etc.), legal documentation, and governance. Lead team that develops and executes innovative solutions aimed at optimizing the Enterprise's capital, liquidity, risk, and return profile via bespoke structural solutions (both traditional & financial reinsurance, borrowing, hedging, etc.); manage all aspects of transactions including structuring, negotiation, external engagement (counterparty, rating agency, regulatory, etc.), legal documentation, and governance. Led captive financing restructurings resulting in reduction in Enterprise total leverage, annual cost savings, and release of significant portions of non-economic capital; secured off-balance sheet financing to more efficiently fund new business strain; managed Individual's life affiliate note program, which helped optimizing capital across the various Individual Life legal entities. Led captive financing restructuring resulting in reduction in Enterprise total leverage, annual cost savings, and elimination onerous internal guarantees; spearheaded initiative to optimize insurance company asset portfolios, resulting in the creation of capital capacity and enhanced capitalization metrics. Managed the forecast of all debt, equity and cashflows for the Individual Life business, including all flows associated with the $14B captive financing program; developed valuation methodology for financing facility credit-linked securities; managed rating agency relationships. Three-year leadership program providing associates with a diverse skill set in Corporate Finance and Accounting, offering in depth leadership and technical training as well as networking opportunitiesRotations included controllership and Treasury roles for Prudential's general account and Individual Life business; responsibilities included preparing multi-year income and asset forecasts, cash and short-term investment monitoring, and assisting with monthly and quarterly closes.

  • Vice President, Structured Finance Solutions

    Jul 2022 - now

  • Director, Structured Finance Solutions

    Mar 2018 - Jul 2022

  • Manager, Treasury - Individual Life

    Mar 2017 - Feb 2018

  • Associate Manager, Treasury - Individual Life

    Mar 2016 - Feb 2017

  • Analyst, Treasury - Individual Life

    Jun 2015 - Feb 2016

  • Finance Leadership Development Program

    Jul 2012 - May 2015