Director, Actuary (Annuity Calculation Management) (Hybrid)
Prudential Annuities Distributors (PAD), Newark, New Jersey, us, 07175
* 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:* 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, RCSA’s, 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.* 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.* Bachelor’s 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.* Self‐motivated, 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 follow‐through skills.* Strength of convictions and ability to influence and champion product changes.* FSA/ASA.* Experience with Actuarial Regulatory support for contract filings (Actuarial Memos, nonforfeiture demonstrations).* Microsoft Access experience.**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.
Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. #J-18808-Ljbffr
+ 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, RCSA’s, 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.* 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.* Bachelor’s 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.* Self‐motivated, 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 follow‐through skills.* Strength of convictions and ability to influence and champion product changes.* FSA/ASA.* Experience with Actuarial Regulatory support for contract filings (Actuarial Memos, nonforfeiture demonstrations).* Microsoft Access experience.**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.
Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. #J-18808-Ljbffr