- Entry level
- No Education
- Salary to negotiate
Vice President & Actuary Annuities Valuation-ANN000RG
The VP & Actuary, Annuities Valuation reports to the Chief Actuary, Valuation and is a key member of the Annuity Chief Actuary leadership team. This leader will lead a 40 person statutory and GAAP valuation function for Individual Annuities and responsible for the timely completion of financial results.
The incumbent must have strong analytical skills, the depth/breadth of knowledge to manage and resolve complex regulatory and actuarial issues, and the ability to prioritize and drive cross-functional initiatives. He/she must be able to explain actuarial concepts and results to non-technical audiences and build strong relationships with Business Partners and corporate functions (e.g., Corporate Actuarial Oversight, Finance, Investments, IT). He/she must also be able to motivate and develop the Annuities Valuation Team.
Understanding and complying with all regulatory and professionalism requirements and Pru’s actuarial and ethical standards
Producing accurate, complete, and timely financial results under appropriate controls and using efficient and consistent approaches and infrastructure
Anticipating stakeholder needs and proactively developing and communicating analytics that explain key business drivers and the implications of reported results
Identifying and evaluating valuation methodologies and proposing compliant solutions that meet inforce and new business objectives
Monitoring and influencing regulatory developments, assessing and communicating potential cross-functional implications, and coordinating the company’s internal and external responses
Fellow of the Society of Actuaries (FSA) with 10+ years of experience, including valuation leadership
Deep knowledge of US Statutory, Tax, and GAAP reporting, analysis, and controls – particularly for variable annuities with living benefit guarantees
Excellent presentation and communication skills. Ability to communicate results and regulatory issues to C-suite executives; Finance, Risk, Investment, Pricing, and Product leaders; and regulators.
Proven track record of strategic thinking, innovation, and execution – turning actuarial insights into measurable and meaningful results
Extensive experience and success in developing a vision, building high performing teams, cultivating relationships, influencing executive level leadership, and securing broad organizational support
Highly motivated and creative problem solver who thrives in a fast-paced, results-oriented, matrix environment
Experience with other functions (e.g., Pricing, Modeling, Assumptions, ALM) and multiple product lines is a plus.
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 email@example.com for more information about doing business with Prudential.
Job Function Actuarial
Primary Location United States-New Jersey-Newark
Travel Yes, 10 % of the Time
About the company
For over 140 years, Prudential Financial (NYSE:PRU) has helped people grow and protect their wealth. We offer individual and institutional clients a wide array of financial products and services. Today, we are one of the world’s largest financial services institutions. We have over $1 trillion of assets under management as of March 31st, 2017, and approximately $3.7 trillion of gross life insurance in force worldwide as of Dec. 31, 2016. We have operations in the United States, Asia, Europe and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock® , an icon of strength, stability, expertise and innovation. We measure our long-term success on our ability to deliver value for shareholders, meet customer needs, attract and develop the best talent in our industry, offer an inclusive work environment where employees can develop to their full potential, and give back to the communities where we live and work. (Pru.us/disclaimer)