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Director, Actuary (Annuities Product Management)

Prudential


Location:
Shelton, CT
Date:
01/19/2018
2018-01-192018-02-17
Job Code:
444118
Prudential
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Job Details

Position Title: Director, Actuary (Annuities Product Management)
Job Code: 444118
Job Location: Connecticut-Shelton
Description:

http://video.digi-me.com/digime/jobs/Finance/Prudential/Associate Actuary/ZP0032

 

 

Operations lead within the Annuity Calculation Management team is responsible for ongoing operational support and all technical aspects of the current annuity product portfolio. This includes ensuring actuarial & product integrity of inforce block of business through all lifecycles of the 300 products in force, with a focus on illustration support and administration system test results. It is expected that this person will be recognized within the organization as a product and calculation expert.

Duties and Responsibilities:

•Manage a team of 4 – 5 actuarial professionals.
•Manage the team in updating illustration and administrative test tools to be used by Technology to test system changes and periodic updates.
•Sign off on test strategy for ongoing illustration and administrative system updates, and provide oversight as team provides actuarial sign-off on test results.
•Develop and execute plans for process improvement to automate illustration & administration testing processes, including regression testing alternatives.
•Partner with Service in their utilization of tools (EUC’s) that exist in lieu of administrative system functionality.
•Develop and execute strategies to replace manual administrative calculation tools with automated processes and/or expanded administrative system functionality.
•Support annual and ad-hoc prospectus updates, including ensuring the accuracy of fund fee tables, expense examples, and convergence charts.
•Provide technical and analytical support to other groups within the organization including managing all Actuarial Support mailbox requests, and providing analysis and tool support for self audits projects, system defect fixes, and corrective actions.
•Provide on-going actuarial knowledge and problem resolution within Product and to business partners across the organization.
•Serve as a subject matter expert on the algorithm, and ensure accuracy of system calculations, algorithm prediction tool, & prediction communication method & processes.
•Own and manage the team’s EUC inventory of all tools. Partner with other team leads within the Calculation Management team to ensure that established controls are being used.
•Support internal audits, RCSA’s, and other activities to reinforce the usage of sound processes and a control consciousness.


•Bachelor’s Degree
•ASA required
•Experience managing people is required
•5 years of experience in financial services product support or product management, including Annuities Illustrations experience
•Continuous Improvement, AGILE, or process optimization experience
•Demonstrated proven ability to lead, develop, and grow talent
•Excellent verbal and written communication/presentation skills
•Approach work with intellectual curiosity and transparency with an openness to giving and receiving feedback
•Self‐motivated, proactive and visionary leadership, thinking beyond functional responsibilities to broader business strategy
•Highly organized, collaborative, creative, and adept at handling multiple, changing priorities where creative solutioning is required
•Skilled at resolving conflict and negotiating effectively and tactfully
•Proven strong attention to detail and follow‐through skills
•Strength of convictions and ability to influence and champion product changes
•Ability to effectively manage several dissimilar projects and prioritize.
•Ability to work independently and as part of a team.

 


Prudential 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.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
Job Function: Actuarial
Schedule: Full-time
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