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Director, Actuary


Newark, NJ
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Job Details

Position Title: Director, Actuary
Job Code: 401118
Job Location: New Jersey-Newark
TITLE:            Director, Actuary (The Prudential Insurance Company of America –Newark, NJ)
DUTIES:        Responsible for developing an end-to-end process for the Pension Risk Transfer (PRT) unfunded business, Longevity Risk Reinsurance. Work closely with various teams within Prudential Retirement on Pricing, Assumption, and Financial Reporting, as well as our IT and Corporate partners. Enhance and validate actuarial models to support Statutory, GAAP, and Tax Reserve Valuation. Support to develop end-to-end valuation process for a new suite PRT unfunded products. Support and develop automated analytic capabilities. Research systems and modeling requirements and communicate requirements to the Retirement Business groups during new product development. Implement new PRT unfunded deals. Support the annual assumption review and implement final assumptions to valuation systems. Support corporate risk (mortality shock) capital requirements. Responsible for business user acceptance testing on system change.Implement and comply with Enterprise Actuarial Control Standards for reserve valuation systems.

REQTS:       Bachelor's degree or foreign equivalent in Actuarial Science, Mathematics, Statistics, Business Administration, Finance, or a related field plus three (3) years of experience in the position offeredor as a Senior Consultant, or a related position. Must have three (3) years of experience with: actuarial valuationsoftware, including PolySystems or Prophet; operatingwith actuarial calculation models; reviewing model process and outputs; performing model validation; actuarial reserve end-to-end cell testing; payout annuityproducts; model risk governance; reviewing and implementing liability assumption; utilizing Excel VBA to automatethe calculation workflow; utilizingSQL to process and extract data; and dataintegrity. Must hold theFellow of the Society of Actuaries (FSA) designation.
APPLY:          Apply by clicking “Apply” below and following instructions to submit resume.

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 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 for more information about doing business with Prudential.
Job Function: Actuarial
Schedule: Full-time
Apply on the Company Site

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