Job Classification:

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 performs multiple functions within their area. These functions are broken down between the Methodology function; Tool Delivery function Operations function and Product Regulatory function. The Director Actuary has end-to-end accountability for the functions outlined below for the specific new business and operations projects allocated to their team. The Annuity Calculation Management team is responsible for all technical aspects of annuity product initiatives and ongoing management of the current annuity product portfolio. Ensuring actuarial & product integrity of the in-force block of business. This person is recognized within the organization as a product and calculation expert. This person has demonstrated the ability to collaborate effectively and train associates in different functions.

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:

• Management Development and training of a team of 2-4 actuarial professionals.

• Represent the Annuity Calculation Management team on cross-functional project teams. Coordinate with project leadership to define and manage to target dates for key milestones. Identify any obstacles escalate and resolve issues promptly.

• Review product specifications and calculation methodologies used in new product development changes to existing products and in-force product escalations. Provide technical product perspective so the methodologies are in good order to serve as a blueprint to build and deliver tools. Raise any concerns inconsistencies or clarifications as needed.

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

• Oversee the creation of all 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.

• Manage activities associated with methodology creation including:

  • Planning and facilitating detailed calculation elicitation sessions.

  • Development of high-level numerical examples as needed.

  • Engagement in creating calculation requirements and all other associated requirements.

• Proficiency in oral and written communications across technical calculations and complex methodologies.

• Consistent focus on streamlining and enhancing existing processes and tools to complement testing automation and enhance controls.

  • Leverage AI technology and validate where applicable to create efficiencies while maintaining controls.

• Ensure that calculation tool deliverables and necessary signoffs are completed including presenting the calculation methodologies to the product pricing and control groups to secure signoff.

• Manage and oversee actuarial tools process to be used for testing administrative or illustration system functionality or to support a manual calculation in the absence of full system functionality which includes troubleshooting and resolving testing fallout.

• Oversee controls on new and modified tools in accordance with established controls (such as the EUCS policy).

• Manage illustration and administrative test tool maintenance to be used by Technology to test system changes and periodic updates.

• Manage and support internal audits RCSAs and other activities to reinforce the usage of sound processes and a control consciousness.

• Provide on-going actuarial knowledge and creative problem resolution within Product and to business partners across the organization.

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

• Ensure that calculation and output meet regulatory requirements.

• Maintain independence of tasks from Methodology to Tool Build to Peer Review.

What youll need:

• Bachelors Degree.

• 5 years of experience in financial services product support or product management including Annuities Illustrations experience.

• Exceptional technical skills in Microsoft Excel including VBA.

• Continuous Improvement AI AGILE or process optimization experience.

• Demonstrated proven ability to lead develop and grow talent.

• Excellent verbal and written communication/presentation skills.

• 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/ASA.

• Experience with Actuarial Regulatory support for contract filings (Actuarial Memos nonforfeiture demonstrations).

• Microsoft Access experience.

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.

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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.

• 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.