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Prudential Financial: Vice President & Actuary (Annuities Pricing)

Prudential Financial

This is a Full-time position in Newark, NJ posted September 3, 2020.

Job Description Vice President & Actuary (Annuities Pricing) (ANN000UI)Job DescriptionVice President & Actuary (Annuities Pricing)-ANN000UIDescriptionGiven the role it plays in helping customers address their financial challenges, Individual Annuities is a key strategic business for Prudential.

This Vice President role is part of Annuities Actuarial, a centralized Actuarial function supporting the Annuities business.

The successful candidate will lead the development & pricing of our rapidly expanding suite of Indexed Annuity products.

The role entails working closely with the entire annuity pricing team and cross-functional partnership with areas including Product, Investments, Valuation, Corporate Actuarial, Risk and Finance.

This is a visible role to senior leaders within the business & corporate functions, allowing opportunities to influence management decisions and drive results, and therefore requires a high degree of communication, collaboration and creativity!Responsibilities: Oversee production activities such as rate-setting, profitability reporting, assumption maintenance and regulatory compliance.

Familiarity with existing pricing models, assumptions & methodologies along with continually seeking opportunities for improvement.

Lead the profitability & risk assessment of new product designs and other (non-development) initiatives thru assumption and model development.

Collaborate with business partners and seek sustainable solutions to any complex problems.

Provide insightful analysis, identify & clearly communicate keyresults drivers and sensitivities.

Make supportable recommendations to optimize the risk/return profile.

Ensure successful implementation of new products/processes through appropriate planning, peer review and coordination with business partners.

Awareness of emerging trends in the competitive & regulatory landscape that may provide threats or opportunities to our business.

Maintain appropriate documentation & controls for all work.

Manage a staff of 3-4 actuaries to support aforementioned efforts by setting appropriate deadlines, assisting with prioritization and providing development opportunities.Skills:Critical Thinking, Innovative Mindset, Knowledge Sharing, External Focus, CommunicationQualifications B.S./ B.A.

required Fellow of the Society of Actuaries designation (FSA) with 10+ years of actuarial experience, including 3+ years of management experience.

Experience pricing fixed indexed or indexed variable annuities with a solid understanding of ALM, valuation & product management considerations pertaining to such products Experience with actuarial/modeling software (MATLAB, GGY Axis, Python, etc.) Strong ability to explain complex topics to both technical and non-technical individuals Strong quantitative and analytical skills along with an “innovative” mindset Good research skills; ability to gather and distill information from internal and external sources in order to develop action plans Ability to handle multiple projects and collaborate with numerous business partners and influence/drive results in a large organizationPrudential is a multinational financial services leader with operations in the United States Asia Europe and Latin America.

Leveraging its heritage of life insurance and asset management expertise Prudential is focused on helping individual and institutional customers grow and protect their wealth.

The company’s well-known Rock symbol is an icon of strength stability expertise and innovation that has stood the test of time.

Prudential’s businesses offer a variety of products and services including life insurance annuities retirement-related services mutual funds asset management and real estate services.

For more information please visit www.Prudential.Com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing.

Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business.

All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.Note: Any search agreement entered into with Prudential before January 2004 is null and void.

Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors.

Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.Job FunctionActuarialPrimary LocationUnited States-Connecticut-HartfordOther LocationsUnited States-Connecticut-Shelton, United States-Pennsylvania-Dresher, United States, United States-New Jersey-Newark (NJ)ScheduleFull-time