Actuarial - Actuarial
As a member of the Annuity Calculation Management team, the individual will perform multiple functions within their area. These functions include the Methodology function,; Tool Delivery function, Operations function, and Product Regulatory function. The Annuity Calculation Management team is responsible for all technical aspects of annuity product initiatives and ongoing management of the current annuity product portfolio. The team ensures actuarial & product integrity of the in-force block of business through all lifecycles of the 300+ products in force. This individual is recognized within the organization as a product and calculation expert. This individual has demonstrated the ability to collaborate effectively and train associates in different functions. This individual will also perform the functions outlined below.
Duties and Responsibilities by Function:
•Drive project execution by proactively identifying problems/issues and assuming responsibility for the work product.
•Manage and drive understanding of in-force projects with other associates
•Demonstrate product/rider and technical expertise across all Prudential annuity products
•Clearly communicate technical calculations and complex methodologies via oral and written methods
•Sound technical skills in tool building while continuing focus on long-term strategies
•Communicate concerns, inconsistencies, or clarifications needed within Product Specifications.
•Manage and provide subject matter expertise on complex algorithms
•Demonstrate knowledge in predictive analytics
•Manage and maintain the team’s tool inventory. Follow established controls for model governance
•Provide leading support in internal audits and other activities to reinforce the usage of sound processes and a control consciousness
•Review and clearly communicate necessary updates for all contract forms and prospectus information, if applicable, to determine readability and consistency with product specifications (customer focused)
•Assist with the development and training of other associates
•Collaborate with business partners to ensure thorough understanding and peer review of calculation in support of all regulations and processes
•Provide on-going actuarial knowledge and creative problem resolution within Product and to business partners across the organization
•Consistent focus on streamlining and enhancing existing processes and tools.
•Bachelor’s Degree Required
•5+years of experience in financial services, product support, or product management, including Annuity Illustrations experience preferred
•Strong technical skills in Microsoft Excel including VBA and other programming. Microsoft Access experience preferred but not required.
•Associate of the Society of Actuaries (ASA) preferred but not required
•Experience with Actuarial Regulatory support for contract filings (Actuarial Memos, Actuarial Certifications, Nonforfeiture Demonstrations) preferred but not required
•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 required
•Continuous Improvement, AGILE, or process optimization experience
•Skilled at resolving conflict and negotiating effectively and tactfully
•Proven strong attention to detail and follow‐through skills
•Excellent verbal and written communication/presentation 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.
•Open to remote/virtual location outside of commutable Newark, NJ location.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $100,000.00 to $148,700.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at [email protected] for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email [email protected].
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