Summary
Overview
Work History
Education
Skills
Certification
Career Accomplishments
Timeline
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William T. Holsworth

Monroe,USA

Summary


Results-driven leader with strong background in strategic management and organizational growth. Skilled in developing and implementing effective business strategies, optimizing processes, and driving team performance. Known for adaptability, effective collaboration, and delivering measurable outcomes in dynamic environments. Strong communication and problem-solving abilities, coupled with focus on fostering productive and positive team culture.

Overview

29
29
years of professional experience
1
1
Certification

Work History

DIRECTOR, ECONOMIC & COMMUNITY DEVELOPMENT

Town Of Monroe, Ct
05.2020 - Current
  • Company Overview: A growing community in Fairfield County, CT largely considered a bedroom community of New York City.
  • Hired to support all aspects of emergency management, hazard mitigation and recovery from the impact of the COVID-19 pandemic on Monroe, including (but not limited to) economic conditions affecting local businesses and industries.
  • Support the success and expansion of existing local businesses and facilitate opportunities for new businesses to build and relocate to Monroe.
  • Coordinate efforts between Economic Development Commission and municipal departments within local, regional, and state agencies and organizations.
  • Strategic partner to the Chief Elected Official, tasked to plan, organize, market and direct all aspects of economic development including expansion in local business, industry and neighborhood development.
  • Direct project management and process improvement activities for over 90 Town projects, coordinating the 5-year strategic planning processes with annual capital budget and ongoing staggered implementations.
  • Manage construction projects from scope creation through bid process and review, contract award, continuous oversight and closeout, maintaining relationships with contractors and engineers regarding project schedule, change orders, contractual disputes and financial reconciliation.
  • Oversee land-use departments including elected and appointed Commissions and staff, application submittals / review, public meetings and associated minutes for Planning and Zoning, Inland Wetlands, Building and Economic Development areas.
  • Research, write and administer all grant applications under consideration by the Town, guiding cross-functional team collaboration throughout the process.
  • Coordinate efforts amongst Economic Development Commission, Chamber of Commerce and other municipal departments / commissions within local, regional and state agencies to promote and implement overall vision and strategy.
  • Collaborate with First Selectman and department heads to assess areas of opportunity and develop appropriate solutions in line with budget and staffing constraints.
  • Spearhead discussions and recommendations for appropriate changes in processes and regulations, presenting to and informing decision makers, offering thoughtful guidance and diligent analysis.
  • A growing community in Fairfield County, CT largely considered a bedroom community of New York City.
  • Developed high-performing teams by providing mentorship, guidance, and opportunities for professional growth.
  • Facilitated cross-functional collaboration for improved decision-making processes within the organization.
  • Improved project efficiency with strategic planning, resource allocation, and time management practices.

EXECUTIVE VICE PRESIDENT

FAIRFIELD HOME LOANS, LLC
01.2019 - 01.2020
  • Company Overview: Residential and commercial mortgage broker recognized for a highly personalized approach to mortgage lending.
  • Brought on board to source, initiate, and develop new mortgage business by identifying new clients and building strategic partnerships with professionals in complementary fields, including realtors, builders/ developers, and attorneys.
  • Qualify and advise clients on the most appropriate mortgage solutions, based on their financial needs and creditworthiness, and guide them through the application process.
  • Completed comprehensive training and background check to earn mortgage loan originator license.
  • Residential and commercial mortgage broker recognized for a highly personalized approach to mortgage lending.

VICE PRESIDENT, INVESTMENT MANAGEMENT

PRUDENTIAL ANNUITIES
08.2012 - 03.2017
  • Company Overview: American Fortune 500 company, subsidiary of Prudential Financial that provides insurance, investment management, and other financial products and services to retail and institutional customers in the US and 40+ other countries.
  • Promoted to expand choice and flexibility of a $140B institutional investment platform, while improving the corporate risk profile through more robust hedging strategies.
  • Led the full development cycle of asset allocation portfolios, including research and development, manager research/selection, portfolio construction, pricing, strategic positioning, and ongoing monitoring, and presented to investment committee for approval.
  • Managed 25-member cross-functional team.
  • Spearheaded development of 35 turnkey asset allocation models, including manager selection and termination decisions across 37 managers, 32 asset classes and 54 separate mandates.
  • Led development of 40+ completed fund initiatives from initial regulatory/corporate approvals through presentation of findings to 35 C-Suite executives.
  • Delivered $80M incremental annual revenue growth, gained $15M annually through hedging efficiencies, and captured $105M in shareholder savings.
  • Continually improved performance of portfolios ($90B AUM), while mitigating risks, and leveraging quantitative and qualitative analysis to drive decisions about manager additions/replacements and mergers across asset classes.
  • Enabled proactive response to risks and opportunities by establishing risk management processes that facilitated real-time monitoring of investment risk, hedging risk, capacity constraints and liquidity profiles.
  • Facilitated informed decisions by Board of Trustees by educating members on ETFs, alternative investments, and current product development trends.
  • American Fortune 500 company, subsidiary of Prudential Financial that provides insurance, investment management, and other financial products and services to retail and institutional customers in the US and 40+ other countries.
  • Led cross-functional teams for the successful completion of major projects, resulting in increased efficiency and client satisfaction.
  • Collaborated with senior management to develop strategic initiatives and long term goals.
  • Negotiated high-value contracts that maximized profitability while mitigating risks for the organization.
  • Developed new revenue streams by identifying growth opportunities and forging strategic partnerships with key industry players.
  • Leveraged technology to automate workflows and streamline processes, resulting in increased productivity and cost savings across the organization.

DIRECTOR, INVESTMENT MANAGEMENT

PRUDENTIAL ANNUITIES
11.2005 - 08.2012
  • Company Overview: American Fortune 500 company, subsidiary of Prudential Financial that provides insurance, investment management, and other financial products and services to retail and institutional customers in the US and 40+ other countries.
  • Retained for leadership role on the Investment Management Team, after the acquisition of American Skandia, to lead the delivery of value-added client services, including portfolio management research, investment risk management, market trend monitoring, business planning, and opportunity identification.
  • Built and managed collaborative partnerships with stakeholders across diverse functions to provide investment insights, continuing education, and thought leadership regarding multi-asset and product/portfolio positioning strategies.
  • Facilitated investment advisory meetings and presentations to the Investment and Financial Risk Committees and the Board of Trustees.
  • Chaired weekly advisory meetings for various financial control areas to set the direction for product development, in addition to coordinating project meetings with Legal, Compliance, and Operations to prioritize product development and establish timelines.
  • Analyzed asset allocation solutions across the investment universe to determine investment exposures across various asset classes, including equities, fixed income, and alternative asset classes in single manager, multi-manager, and fund of fund structures.
  • Automated and published quarterly reports of investment platform positioning with comparative benchmarks used by internal and external partners.
  • American Fortune 500 company, subsidiary of Prudential Financial that provides insurance, investment management, and other financial products and services to retail and institutional customers in the US and 40+ other countries.
  • Facilitated cross-functional collaboration for improved decision-making processes within the organization.
  • Implemented innovative solutions to solve complex problems, resulting in increased productivity and streamlined operations.

MANAGER, PRODUCT DEVELOPMENT

AMERICAN SKANDIA LIFE ASSURANCE CORPORATION
07.2000 - 11.2005
  • Company Overview: American division of Swedish-based Skandia Insurance Co. Ltd, that was a market leader in the annuity space, which was acquired by Prudential Financial in 2004.
  • Following implementation of Y2K project, transitioned into internal role providing ongoing product line monitoring and development, which included bringing in new investment sub-accounts, and development of new products and optional riders.
  • Created new forms and business processes, collaborating with internal partners on state and federal filings.
  • Explored feasibility of insourcing administration of business in lieu of utilizing an existing third-party administrator that proved to be more costly and less robust than initially projected by predecessor.
  • Championed development of innovative products to support new initiatives, including specifications, investment strategies, and product pricing.
  • Led and/or influenced the development and management of product roadmaps aligned to customer/market needs and organizational direction.
  • American division of Swedish-based Skandia Insurance Co. Ltd, that was a market leader in the annuity space, which was acquired by Prudential Financial in 2004.
  • Accomplished multiple tasks within established timeframes.
  • Cross-trained existing employees to maximize team agility and performance.

BUSINESS ANALYST, INFORMATION TECHNOLOGY

AMERICAN SKANDIA LIFE ASSURANCE CORPORATION
01.1997 - 01.2000
  • Company Overview: American division of Swedish-based Skandia Insurance Co. Ltd, that was a market leader in the annuity space, which was acquired by Prudential Financial in 2004.
  • Following implementation of Y2K project, transitioned into internal role providing ongoing product line monitoring and development, which included bringing in new investment sub-accounts, and development of new products and optional riders.
  • Created new forms and business processes, collaborating with internal partners on state and federal filings.
  • American division of Swedish-based Skandia Insurance Co. Ltd, that was a market leader in the annuity space, which was acquired by Prudential Financial in 2004.

Education

MBA - Finance

Fairfield University
Fairfield, CT

Bachelor of Science - Actuarial Mathematics

Bryant University
Smithfield, RI

Skills

  • Team Building
  • Leadership and Empowerment
  • Financial Product Design
  • Risk Management
  • Relationship building
  • Strategic planning
  • Verbal and written communication
  • Decision-making
  • Project management
  • Board-Level Presentations
  • Revenue Growth
  • Cost Cutting

Certification

  • CIMA, Certified Investment Management Analyst
  • CAIA Candidate, Certified Alternative Investment Analyst
  • NMLS License SAFE MLO National Test
  • CCMO, Certified Connecticut Municipal Official

Career Accomplishments

  • Asset Management, Presided over $90B assets under management (AUM), of which 84% outperformed 3- to 5-year Lipper median and 58% received 4-/5-star rankings by Morningstar (vs. 32.5% industry avg.)
  • Portfolio Construction, Spearheaded development and customization of 35 asset allocation portfolios, representing $90B AUM that generated $20B+ annual sales and $850M annual revenue.
  • Revenue Growth | Cost Savings, Chaired development of 40+ completed fund initiatives across the development cycle that delivered $80M incremental growth in annual revenue, gained $15M annually through hedging efficiencies, and decreased shareholder cost by $105M.
  • Cross-Functional Leadership, Provided leadership and direction for cross-functional team of 25 dedicated to expanding a $140B institutional investment platform across all aspects of portfolio management, including R&D, manager research/selection, portfolio construction, pricing, strategic positioning, and ongoing monitoring.

Timeline

DIRECTOR, ECONOMIC & COMMUNITY DEVELOPMENT

Town Of Monroe, Ct
05.2020 - Current

EXECUTIVE VICE PRESIDENT

FAIRFIELD HOME LOANS, LLC
01.2019 - 01.2020

VICE PRESIDENT, INVESTMENT MANAGEMENT

PRUDENTIAL ANNUITIES
08.2012 - 03.2017

DIRECTOR, INVESTMENT MANAGEMENT

PRUDENTIAL ANNUITIES
11.2005 - 08.2012

MANAGER, PRODUCT DEVELOPMENT

AMERICAN SKANDIA LIFE ASSURANCE CORPORATION
07.2000 - 11.2005

BUSINESS ANALYST, INFORMATION TECHNOLOGY

AMERICAN SKANDIA LIFE ASSURANCE CORPORATION
01.1997 - 01.2000

MBA - Finance

Fairfield University

Bachelor of Science - Actuarial Mathematics

Bryant University

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