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Director, Actuary (International Insurance) at Prudential Financial in Newark, New Jersey

Posted in Science 30+ days ago.

Type: Full-Time

Job Description:

For more than 140 years, Prudential Financial has provided individual and institutional customers with financial opportunities. A financial services leader with more than $1 trillion of assets under management as of June 30, 2018, Prudential has operations in the United States, Asia, Europe and Latin America. We provide customers with a variety of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.

Prudential International Insurance (PII) continues to be one of Prudential's fastest growing and most profitable business groups. PII has operations in twelve countries around the world (Japan, South Korea, Taiwan, Malaysia, India, Indonesia, Chile, Brazil, Argentina, Mexico, Italy and Ghana). PII is looking for a candidate who is strong in actuarial modeling and has experience in Asset Adequacy Testing (AAT) to fill a new Director position to the PII PICA Projection and FASB Targeted Improvement System Development team which is part of the Modeling, Risk, Capital and IFRS team in Newark, New Jersey.


The new position?s main responsibilities will be to lead PII PICA Projection process, which covers AAT, RBC C-3 Phase I, Forecasting, as well as Deterministic Stress Testing (DST) and DPC testing for mainly traditional life block ceded from our Japan entity.


This role will also support the prototyping and implementation of a Prophet based FASB targeted improvement system and process for all ex-Japan local insurance operations. This role is highly visible and strategic; it plays a key role in PII Actuarial by partnering with the local operations, various enterprise and domestic counterparties.


The Modeling, Risk, Capital and IFRS team leads an overall Global IFRS ? TI implementation program PII ex-Japan, Prophet based global actuarial modeling, ESG, European Solvency II support, Enterprise RAC, LST and Model Risk. All team members have opportunities to work on various other projects.



  • Strong
    actuarial modeling experience in valuation and projection (GAAP, Statutory
    or ALM). Minimum of 3 years actuarial modeling experience is required;
    broad experience in Prophet and Poly modeling is highly preferred;
    experience with GGY is a plus.

  • Experience
    in AAT process.

  • Strong
    U.S. financial accounting framework knowledge and experience. The
    experience in and/or strong appetite to learn other frameworks (FASB
    targeted improvement, IFRS 17, PBR, MCEV and Solvency II) is a plus.

  • Strong
    quantitative and analytics skills, including the ability to understand
    concepts and assess situations in a timely manner.

  • Broad
    understanding and relevant experience with Life and/or Annuity products.

  • Strong
    multi project management skills.

  • Creative
    problem solver.

  • Strong
    interpersonal and communication skills, including the ability to
    communicate effectively with associates in local PII operations.

  • FSA
    with 5+ years of actuarial experience is required, CFA or FRM a plus.

  • Experience
    and knowledge of insurance markets in Asia and Latin America is a plus.

  • Minimal
    travel may be required. (< 10% of time)