VP, Actuary – Corporate Development
Prudential Financial
full-time
Posted on:
Location Type: Hybrid
Location: Newark • New Jersey • United States
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Salary
💰 $192,900 - $289,300 per year
Job Level
About the role
- Independently lead transaction and actuarial due diligence, including reserve adequacy, product and pricing evaluations, determination of appropriate assumptions, reinsurance programs, taxation, evaluation of existing models, actuarial appraisals, etc.
- Project management of actuarial workstreams, and coordination with broader deal teams.
- Influence and motivate various stakeholders to achieve Prudential’s goals while balancing relationships.
- Provide subject matter expertise on Embedded Value and Actuarial Appraisal reports to cross-functional deal teams and senior leadership.
- Ownership of the day-to-day actuarial deal modelling process, which is typically Excel based.
- Independent development of valuation methods that feed into actuarial valuations.
- Oversee work streams performed by external actuarial modelling consultants.
- Engage with internal business unit actuarial, finance, and tax teams to validate modelling and its impacts.
- Communicate key issues to fellow actuaries and other stakeholders.
- Lead internal communication materials.
- Lead the production of quality work under time pressure.
- Occasional travel domestically and internationally.
Requirements
- Bachelor's Degree required.
- Fully qualified actuary with FSA or related designation with 10+ years of experience required.
- Candidates with M&A transaction-related experience, reinsurance and or new initiative modelling experience at a consulting firm, insurance company, or investment bank.
- Strong leadership skills and the ability to manage stakeholders with differing goals.
- Strong hands-on financial modeling skills with various modelling platforms.
- Excel skills are key.
- Strong quantitative, problem solving and analytical skills under time pressure.
- Deep practical knowledge in some combination of the following areas: US Statutory, US GAAP, Solvency II, IFRS & offshore accounting methods Valuation methods for insurance companies across wide set of Individual Life & Retirement, Group, Accident and Health, and Pension products.
- Major global insurance markets and regulatory frameworks.
- Proven track record of being creative, innovative, and execution focused, turning ideas into measurable meaningful results.
- Strong written and verbal communication.
Benefits
- Medical, dental, vision, life insurance, disability insurance
- Paid Time Off (PTO)
- 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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
actuarial due diligencereserve adequacyproduct evaluationspricing evaluationsvaluation methodsfinancial modelingExcelactuarial valuationsactuarial modellingactuarial appraisals
Soft skills
leadershipstakeholder managementcommunicationproblem solvinganalytical skillscreativityinnovationexecution focusmotivationtime management
Certifications
FSA