Director, Actuary at Prudential Ins Co of America in Newark, New Jersey

Job Description:

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At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

The PolySystems Modeling team is responsible for the design, development, testing and delivery of PolySystems modeling capabilities supporting various inforce blocks of business, including Individual Life, Institutional Retirement and Long Term care, as well as International businesses reinsured to Bermuda. This position will be a Technical Lead helping drive critical transformational work that could include Individual Life model conversions from legacy systems into PolySystems, end-to-end process automation for Institutional Retirement and International, and ongoing model maintenance for all blocks.

The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:

• Drive agile best practices to foster a culture of technical excellence, focus on value, and prioritization.


• Play a leadership role (Technical Lead) in the design, development, testing and delivery of PolySystems modeling capabilities to support domestic Individual Life, Retirement, and Long Term Care businesses, as well as international businesses reinsured to Bermuda.


• Help define and implement PolySystems best practices across the suite of supported models and businesses.


• Design and lead testing of solutions and be able to communicate those solutions to a range of audiences.


• Serve as the lead for conversion of actuarial models to PolySystems by providing recommendations for modeling options, validation of the converted model to ensure accuracy, building end-to-end automation, and explaining the differences to stakeholders and assisting them by providing information they need to perform user acceptance testing


• Work closely with Technology partners to create a seamless user experience across a variety of reporting purposes, including statutory and GAAP valuation, forecast, and stress testing.

What you’ll need:

• 7+ years actuarial experience is required, with at least 3 of those years focused on actuarial modeling. Fellow of the Society of Actuaries designation (FSA) is preferred.


• Strong quantitative modeling and analytical skills; ability to understand and explain complex quantitative concepts and end-to-end models/systems.


• Strong verbal and written communication skills; able to explain technical concepts to non-technical audiences.


• Creative problem-solver and results-oriented; experience with model / systems conversions is preferred.


• Superior technical skills. Experience with PolySystems, SQL, Python and other coding languages is preferred.


• Prior experience with actuarial model development with proven track-record for driving process improvements and the ability to connect work to desired outcomes


• Experience with agile working styles is preferred.


• Highly motivated individual who can work equally well independently and in a team environment.


• Intermediate/advanced skills in a programming language, preferably python

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level


• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave


• Retirement plans:


• 401(k) plan with company match (up to 4%)


• Company-funded pension plan


• 
  Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs


• 
  Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.


• 
  Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.


• 
  Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

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 $160,700.00 to $217,300.00. 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 staffingagencies@prudential.com 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 accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.