8 days old

Director & Actuary (Individual Life Mortality Assumptions & Analytics Lead) - ILI00025

Newark, NJ
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Primary Location United States-New Jersey-Newark (NJ)

This position resides in the Individual Life Insurance (ILI) Strategy & Assumptions Group within the Individual Life Insurance Actuarial Department and is located in Newark, NJ

The primary responsibility of the this group is the development of mortality assumptions used for a variety of critical business purposes including: the pricing of new products, GAAP and STAT financial reporting including Principle Based Reserves (PBR), forecasting, Economic Capital, Asset Adequacy Testing (AAT), as well as support of other regulatory and reporting requirements. In addition, the group performs analysis to support special projects and to contribute to the full understanding of financial results on a quarterly basis. Members of the group regularly interact with individuals from a broad array of functional areas within and outside of ILI, as well as other business units.  Additionally, the group is offered exposure to a broad spectrum of life insurance business issues that are discussed weekly in an executive setting called the Assumptions Review Committee. Here, assumptions are discussed for endorsement by a group of senior leaders within ILI.  

Primary responsibilities of this position include:


Oversee the development of all experience studies and mortality related

assumptions within ILI


Responsible for explanation of impact of mortality experience on life financial

results and forecasts


Partner with underwriting, reinsurers, product strategy, distribution, and other

areas to provide actionable business insights based on mortality data analysis


Participate in Cross Business Unit and Industry mortality-related working groups


Collaborate with business partners (pricing, modeling, valuation, finance

corporate teams) to understand and support their assumption needs


Review and sign off on documentation pertaining to the development of



Proactively take steps to enhance methodologies relating to experience studies

in order to enhance assumption setting


Provide management with actionable business insights based on assumption

data analysis


Proactively drive process, analysis, and control improvements


Manage team of 2-3 actuarial associates













The successful candidate will have all of the following core qualifications:

 Fellow of the Society of Actuaries

Bachelors Degree

 Excellent analytical and problem-solving skills

 Strong oral and written communication skills

 Strong technical skills including Microsoft Excel, Word  and PowerPoint as well as Power BI and database management skills

 Strong attention to detail and organizational skills

 Highly motivated, conceptual thinker who is able to work effectively on a wide variety of assignments

 Demonstrated interpersonal and partnering skills


Strongest consideration will be given to candidates who possess the core qualifications and who have some of the following qualifications:

 Knowledge of life insurance experience studies and assumption development

 Knowledge of life insurance products

 Experience in GAAP or STAT financial reporting

 Knowledge of predictive analytics

 Demonstrated management experience

@!*!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 companys 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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Jobs Rated Reports for Actuary

Posted: 2020-03-21 Expires: 2020-04-20

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Director & Actuary (Individual Life Mortality Assumptions & Analytics Lead) - ILI00025

Newark, NJ

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Median Salary: $100,610

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