drjobs Director, Actuary (Annuity Calculation Management) (Hybrid)

Director, Actuary (Annuity Calculation Management) (Hybrid)

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1 Vacancy
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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 164700 - 222700

Vacancy

1 Vacancy

Job Description

Job Classification:

Actuarial - Actuarial

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

The Annuity Calculation Management team is responsible for all technical aspects of annuity product initiatives and ongoing management of the current annuity product portfolio. This person has accountability for ensuring delivery of these products aligned with actuarial guidelines SEC and insurance regulations. This will include collaborating with legal compliance and government affairs to drive adoption of existing regulations and formation of new regulations where person has demonstrated the ability to collaborate effectively and deliver person is recognized within the organization as a product and calculation expert and will be responsible for participating in industry groups reacting to new and proposed regulations and assisting teams in timely resolution of state insurance reviewer product objections.

The current employee work arrangement 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 regulatory change with our legal compliance and government affairs areas to accommodate new product designs which may not have existing or adopted regulatory guidelines.

  • Provide on-going actuarial and regulatory knowledge and creative problem resolution within Product and to business partners across the organization for new and proposed regulations and product designs.

  • Represent Prudential Retirement Strategies in industry calls (ACLI LICONY CAI and IRI) and lead coordination of responses to new and proposed regulations. Support ACLI Product committee member for Prudential.

  • Act as a leader within the Product organization.

  • Act as subject matter expert for required actuarial regulatory documents including memorandum certifications and exhibits as required by state and other regulatory bodies for new product development and in-force product management as part of Annuity Calculation Management.

  • Work through proof of concept and any required initial modeling during product viability phase as Annuity Calculation Management resource.

  • Represent Annuity Calculation Management in the analysis of actuarial regulations during all phases of the Product Development process.

  • Demonstrate product/rider and technical expertise across Prudential annuity products.

  • Ensure that calculation and output meet regulatory requirements through modeling of the product and scenario mechanics.

  • Act as Product point person for review of all regulatory alerts and ensure understanding and action across the Product teams.

  • Review all contract forms and prospectus information if applicable to determine readability and consistency with product specifications.

What youll need:

  • Bachelors Degree.

  • Excellent verbal and written communication/presentation skills.

  • 2 years of experience preferred in assessment of new regulations working with industry groups.

  • 3 years of experience preferred with Actuarial Regulatory support for contract filings (actuarial memos nonforfeiture demonstrations).

  • 5 years of experience preferred in financial services product support or product management.

  • Approach work with intellectual curiosity and transparency with an openness to giving and receiving feedback.

  • Selfmotivated proactive and visionary leadership thinking beyond functional responsibilities to broader business strategy.

  • Highly organized collaborative creative and adept at handling multiple changing priorities where creative solutioning is required.

  • Skilled at resolving conflict and negotiating effectively and tactfully.

  • Proven strong attention to detail and followthrough skills.

  • Strength of convictions and ability to influence and champion product changes.

Itd be a plus if you had:

  • FSA preferred.

Prudential welcomes all applicants even if you dont 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 such as on demand resources and networking to propel your career forward.

Were a global organization full of outstandingly dedicated people who arent 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.

#LI-RRJ

What we offer you:

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 $164700.00 to $222700.00. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.
  • 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.

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

  • Company-funded pension plan.

  • Wellness Programs including up to $1600 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.

  • Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

  • 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.

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. To find out more about our Total Rewards package visit Work Life Balance Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.


Required Experience:

Director

Employment Type

Full-Time

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