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Director, Actuary (Pricing - PRT Funded Team) at Prudential

Posted in Science 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Newark, New Jersey

Job Description:

The Director, Actuary, Pricing - PRT Funded Team, is a position that plays a key role in the overall pricing execution and infrastructure development of Prudential’s rapidly growing PRT Funded Business.

Primary responsibilities include:

  • Lead financial modeling and pricing execution for US Funded PRT transactions.

  • Supervise highly motivated and talented quantitative professionals to achieve aggressive business growth goals.

  • Develop and enhance actuarial models used for cash flow production, Statutory and GAAP reserves, and policyholder behavior.

  • Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in Funded transactions.

  • Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.

  • Collaborate with business and corporate leaders to determine and implement optimal pricing strategies that balance competitiveness and profitability while ensuring compliance with Enterprise Pricing Standards.

  • Support internal efforts to secure necessary approvals both from Prudential Retirement's leaders and other governing bodies across the Prudential Enterprise.

  • Implement efficient and robust pricing processes and ensure compliance with Model Risk Policies and End User Controls.

  • ASA (FSA Preferred) with 5 plus years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, asset-adequacy testing, asset/investment/hedging/risk modeling, etc).

  • Superior technical skills and ability to understand complex quantitative concepts and models.

  • Investment or ALM experience would be a big plus.

  • Good communication skills, particularly in presenting results to senior executives.

  • Strong project management skills and ability to juggle multiple urgent priorities.

  • Creative problem-solver, particularly in areas with very little clarity or precedence.

  • Underwriting/mortality experience preferred but not required.

  • Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed.

  • Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.

  • Fast learner and ability to work in a multi-functional team environment.
    Actuarial exam support provided.