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Company

Prudential Financial · 4 hours ago

Director, Actuary

Newark, NJ

Full-time

Remote

Director/Executive

$161K/yr - $217K/yr

7+ years exp

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Asset ManagementFinance

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Hiring Manager

Kimberly Garcia

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Responsibilities

Along with Global Life Product lead, maintain and develop the enterprise product pricing and VNB standards, focused on Life Insurance & A&H products.

Sharing global best practices related to product ideation and pricing across business units and countries tailored to specific requirements of each market.

Maintain external competitive intelligence and industry trends for key markets.

Analysis of VNB results and advising on product optimization opportunities with respect to VNB, capital utilization, risk management, potential for use of reinsurance, working with multiple stakeholders as needed.

Provide technical guidance in the development and/or enhancement of new products, including assumption development, understanding local reserve and capital requirements, modeling, and pricing, etc.

Periodic product specification, pricing and or review of new life insurance or Accident and Health related products.

Reinsurance transaction pricing and support as needed

Experience Analysis – actual vs. expected – setting standards, tracking across all products Assumption Setting will be the direct responsibility of business unit valuation teams however this team will review recommendations to appointed actuaries and PFI chief actuary for Non-Market Actuarial Assumptions for the teams’ covered products.

Qualification

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FSAIndividual Life ProductsAccidentHealth ProductsProduct DevelopmentPricingReinsuranceStatutory Financial ReportingRisk ManagementQuantitative SkillsCultural Team CollaborationBermuda ValuationCapital Regulatory Framework

Required

Professional actuarial designation FSA, FIA or equivalent

7 or more years of experience, including individual life, Accident and health related product experience with product development, pricing, reinsurance, actuarial and financial projections with Statutory financial reporting and capital requirements for the U.S.

Strong risk management skills particularly for market, credit, and insurance risks

Team player, able to relate well to a broad spectrum of cultural teams; collaborative and inclusive.

Strong quantitative and analytics skills, including the ability to assimilate concepts and assess situation.

Excellent written and verbal communication skills to communicate pricing results, profitability metrics, risks to senior leaders and key stakeholders.

Preferred

U.S. Life, International product experience with Bermuda valuation and capital regulatory framework understanding

Benefits

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 to help you achieve your wellbeing goals, 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.

Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.

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.

Company

Prudential Financial

Prudential Financial specializes in the fields of investment management, life insurance, and retirement benefits. It is a sub-organization of Prudential Financial.

Founded in 1875

Newark, New Jersey, USA

10,001+ employees