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Director, Actuary (Governance Process and Controls)

Prudential


Location:
Newark, NJ
Date:
02/16/2018
2018-02-162018-03-17
Job Code:
451178
Prudential
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Job Details

Position Title: Director, Actuary (Governance Process and Controls)
Job Code: 451178
Job Location: New Jersey-Newark
Description:

Model governance, process, and controls are critical components of the model development life cycle (MDLC). The Director, Actuary role within the Model Steward organization at Prudential is responsible for advising, implementing, and consulting on best practices that need to apply during the MDLC. This individual will leverage his or her experience and expertise in model development, governance, and / or process management to engage with model developers, users, and testers at the beginning of the MDLC. They will ensure that best practices and internal standards are followed throughout the process.

 

The Director, Actuary will report to the Model Steward actuarial centers of excellence (COE) lead. The individual will work closely with team members in the actuarial COE who are responsible for model development and maintenance of the domestic valuation and financial reporting models within Prudential. They may also work with model developers and testers who work on pricing and product development models in both worksite and individual solutions product lines.

Duties and Responsibilities:

  • Be viewed as the expert on model governance, process, and controls for actuarial models. Explain the significance and importance of these functions to users.
  • Speaks from experience about the best way to adhere to model governance policies, establish and improve processes, and meet model testing and documentation standards.
  • Actively engage with model developers and users to ensure effective integration of model governance, process, and controls in to the MDLC. Ensure that roles and responsibilities are clear and that all required phases are covered in project planning work.
  • Review documentation associated with model development to ensure compliance with model governance standards. This includes business requirements, technical specifications, test plans, testing results, documentation of testing, and model documentation.

 


  • Bachelor’s Degree
  • ASA or FSA encouraged
  • 5 years of relevant experience, including but not limited to actuarial model development, model governance, controls, or process improvement
  • Excellent verbal and written communication and presentation skills in both a group and individual setting
  • Highly organized, collaborative, creative, and adept at handling multiple, changing priorities. Willing to constantly re-evaluate priorities to determine value-add
  • Proven leadership skills, and ability to influence and change culture in the organization
  • The ability to think strategically with an entrepreneurial mindset

 


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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