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Director, Actuary

Prudential


Location:
Newark, NJ
Date:
12/14/2017
2017-12-142018-01-12
Job Code:
441178
Prudential
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Job Details

Position Title: Director, Actuary
Job Code: 441178
Job Location: New Jersey-Newark
Description:
DUTIES:          Evaluate and design the Retirement Actuarial's future state reporting and analytics infrastructure and business intelligence platform. Work closely with business group actuaries and partners in Corporate Actuarial, as well as our Technology partners. Responsible for supporting the long-term goal of a fully automated valuation system capable of satisfying growing demands for faster and more complex analysis on Prudential's Retirement products, including payout annuity products, longevity reinsurance, and stable value. Apply quantitative modeling concepts and effectively communicate findings to both actuarial and non-actuarial business partners. Use Excel VBA for quantitative modeling. Perform model validation and cell testing and review actuarial assumptions. Deliver large scale database/data warehouse solutions. Collaborate with business group actuaries and business partners to create detailed business requirements for liability and output data warehouse and reporting facilities. Analyze seriatim and grouped outputs from actuarial software. Research, evaluate, and recommend a long-term business intelligence solution to integrate with the end-to-end valuation process, thereby enabling timely, agile, intuitive, and insightful analyses. Enhance and streamline existing analytics tools to support statutory valuation analysis (including asset adequacy testing), loss recognition testing, various capital frameworks, product development and profitability analysis, stress testing, and asset liability management. Lead analytics development and create new capabilities to better explain and visualize the complex dynamics of cash flow testing results.

REQTS:           Bachelor's degree or foreign equivalent in Actuarial Science, Applied Mathematics, Finance, Insurance, or a related quantitative field plus five (5) years of progressively responsible experience in the position offered or as an Associate Actuary; Associate Manager, Actuarial; or a related position. Must have five (5) years of progressively responsible experience with: retirement products; payout annuity products; statutory valuation; product development and profitability analysis; asset-liability management; analyzing seriatim and grouped outputs from actuarial software; using Excel VBA for quantitative modeling; reviewing actuarial assumptions; model validation and cell testing; and database/data warehouse solutions. Must hold Fellow of the Society of Actuaries designation.

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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