Prudential Financial

Director, Actuary – Retirement Strategies

Prudential Financial

full-time

Posted on:

Location Type: Hybrid

Location: Newark • New Jersey • United States

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Salary

💰 $158,800 - $238,200 per year

Job Level

Lead

About the role

  • 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.
  • Collaborate 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.
  • Participate in and support 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.

Requirements

  • 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.
  • 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.
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 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 & Tools
Inforce ValuationNew Business PricingStatutory GAAPAssumption DevelopmentData AnalyticsExperience StudiesAssumption MonitoringQuantitative AnalysisFinancial ReportingCapital Forecasting
Soft Skills
Analytical MindCommunication SkillsProject ManagementCreative Problem-SolvingControl MindsetSelf-StarterAbility to Juggle PrioritiesCollaborationPresentation SkillsMotivation
Certifications
Fellow of the Society of Actuaries (FSA)