Vice President & Actuary, Group Insurance Valuation & Capital

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profile Job Location:

Newark, DE - USA

profile Monthly Salary: $ 192900 - 289300
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

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!

About Prudential Financial Inc.

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 companys well-known Rock symbol is an icon of strength stability expertise and innovation that has stood the test of time. Prudentials 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

The Position

The Vice President & Actuary Group Insurance Valuation & Capital will be responsible for leading the central actuarial valuation team and capital management functions for Prudential Group Insurance ensuring the integrity of reserves capital adequacy and statutory and GAAP financial results across Group Insurance products including Life Disability Supplemental Health and Medical StopLoss.

This role will provide actuarial leadership in coordination with the product-based valuation teams supporting financial reporting and annual adequacy testing and reporting requirements. The role will also lead capital planning and serve as Groups Reinsurance Officer partnering with Group and Corporate Finance Corporate Actuarial Risk Management and Investments. The successful candidate will be a strong people leader technical expert and trusted advisor to senior leadership.

The current EWA for this position is Hybrid and requires your on-site presence 3 days per week.

What you can expect

  • This position will report to the CFO Group Insurance.
  • Serve as the lead actuarial authority for valuation and capital management across Group Insurance ensuring reserves and capital are appropriate wellsupported and compliant with GAAP statutory and regulatory requirements.
  • In conjunction with the product-based actuarial teams provide oversight in the development review and governance of valuation assumptions methodologies and models including ongoing experience studies and management judgment frameworks.
  • Lead quarterly and annual valuation processes including reserve analysis earnings drivers sensitivities and clear communication of results to senior management.
  • Lead capital planning target capital setting cashflow projections stress testing and scenario analysis in partnership with Corporate Actuarial Enterprise Capital Risk and Finance
  • Provide valuation and capital management input in Group strategy projects including growth planning and M&A analysis.
  • Serve as Group Reinsurance Officer managing reinsurance strategy and execution in conjunction with Group and Corporate Finance and Product and Underwriting stakeholders.
  • In support of finance and actuarial modernization design and advance analytic capabilities related to valuation experience monitoring and capital optimization.
  • Provide actuarial leadership in regulatory interactions audits and internal controls including support for examinations and governance committees.
  • Translate complex actuarial conclusions into clear decisionready insights for executive leadership.
  • Connect with key business partners to understand enterprise priorities and effectively communicate our valuation and capital frameworks and their impacts via both written and verbal presentations in a simple and consumable way for audiences of all levels within the organization.
  • Lead mentor and develop a team of actuarial and finance professionals supporting valuation and capital functions.
  • Represent Group Insurance in enterprise and industry valuation and capital forums.

What youll need

  • 10 years of actuarial experience with significant exposure to Group Insurance valuation including GAAP and Statutory reserving and capital considerations.
  • Deep knowledge of valuation methodologies assumption setting experience analysis and financial reporting (STAT GAAP and regulatory solvency (RBC)).
  • Proven leadership experience managing and developing highperforming actuarial teams.
  • Strong collaboration skills with Finance Risk and Corporate Actuarial stakeholders.
  • Executive presence in delivering complex messages to senior audiences in a clear and simple manner that inspires confidence and promotes deliberate decision-making
  • Partnership and influencing skills and the ability to face off with both internal and external subject matter experts
  • Strong analytical mindset with experience driving insights from complex data and models.
  • Ability to exercise sound actuarial judgment within robust governance frameworks.
  • Professional actuarial designation: ASA FSA FIA or equivalent.

#LI-Hybrid

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 $192900.00 to $289300.00. 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.

Prudential Financial Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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.

If you need an accommodation to complete the application process please email .

If you are experiencing a technical issue with your application or an assessment please email to request assistance.


Required Experience:

Exec

Job Classification:Actuarial - ActuarialAt 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!Ab...
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