Director, Actuary (Individual RS Assumption Development) (Hybrid) (Finance)

Job Classification:
Actuarial - Actuarial

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions!

The Director, Actuary role is part of Retirement Strategies (RS) Modeling, Methodology, and Assumption team, focusing on assumption development for legacy Variable Annuities and New Co products (e.g., FlexGuard Accumulation and Income, SurePath Accumulation and Income, PruSecure, DAI, and WealthGuard). The scope of this role pertains to development of material, highly-visible insurance assumptions for the inforce and new business blocks, with a focus on policyholder behavior and mortality assumptions. The role is also responsible for the development of expense assumptions for both Individual and Institutional RS, presenting a unique opportunity to learn multiple facts of the Retirement Strategies business. In this role, you will be leading experience studies, providing experience monitoring updates to management, reviewing and participating in industry studies, and conducting actuarial analysis to determine the financial impacts of final assumptions proposals. There is also opportunity to innovate process improvements for various projects using Python, SQL, and PBI.

The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:

• Lead a team of four actuaries, including one rotational student, in the development of Inforce Valuation & New Business Pricing assumptions used for financial reporting (Stat/GAAP), Pricing, Capital, and Forecasting for various insurance products.
• Collaborating with Valuation, Pricing, Modeling, and the Product Management to communicate assumption updates and determine reasonability of impact estimates.
• Drive recommendations through the governance and approval process including presentation to senior management.
• Support establishing assumptions required for new product development and strategic business initiatives.
• Participating in and supporting industry experience studies.
• Support internal/external audit, and statutory PBR assumption examinations.
• Support Assumption management team initiatives to develop assumption monitoring tools and techniques.
• Collaborate across various teams to enhance/streamline our data analytics tools and capabilities by leveraging emerging technology and best practices.
• Participate in enterprise-wide assumption groups to share knowledge and be an active participant in Prudential's Actuarial Community.

What you'll need:

• College Degree (BA / BS) required.
• FSA with 8+ years of actuarial experience or equivalent experience in a similar quantitative financial field.
• Knowledge of experience studies and assumption development process required.
• Understanding of, and experience with, robust governance controls is strongly preferred. Proven track record of control mindset.
• Strong analytical mind and the ability to produce unique insights that bring business value.
• Excellent communication skills, particularly in presenting technical results to senior executives and non-technical audiences.
• Self-starter with excellent project management skills and ability to juggle multiple urgent priorities.
• Creative problem-solver, particularly in areas with very little clarity or precedence.
• Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.

It'd be a plus if you had:

• Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields is preferred.
• Annuity and/or retirement product knowledge is desirable.
• Familiarity with, or exposure to, SQL, VBA, Python, Power BI, and Git/Bitbucket preferred.

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.

We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

#LI-RRJ

What we offer you:

Prudential 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 $164,700.00 to $222,700.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• Market competitive base salaries, with a yearly bonus potential at every level .
• 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 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.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• 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.

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com .

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance .