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Director, Actuary, Pricing - Pension Risk Transfer Funded Team at Prudential Financial

Posted in Science 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Newark, New Jersey





Job Description:

Prudential Financial, Inc. 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. For more information, please visit www.prudential.com.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit http://www.prudential.com/retire/.

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.