1+ months

Director, Actuary (Modeling Enterprise) - ACT000RK

Prudential
Newark, NJ
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  • Job Code
    586360
  • Jobs Rated
    10th
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:
Description
!*!

The Modeling function within the Actuarial Enterprise Capabilities group is responsible for the governance, development, and testing of valuation and projections models within the Domestic lines of Prudential businesses. Within the Modeling function, the Enterprise GAAP team leads the implementation of Enterprise GAAP capabilities.
This position within the Enterprise GAAP team will support GAAP initiatives to achieve fully-automated GAAP Valuation process including forecasting processes and robust analytics. The successful candidate will collaborate with other Modeling teams, Business Unit actuaries, Enterprise and Business Unit Valuation teams, Actuarial & Finance Technology, and Finance. This opportunity combines core actuarial skills with finance and technology to empower faster and more insightful analysis to drive key decisions and business strategy.

 

Primary Responsibilities:
 Partner with valuation and modeling leads across the organization to execute the FASB Targeted Improvements implementation, the end-to-end design of GAAP modeling processes within a common framework and infrastructure across business units.
 Understand product, legal entity, and enterprise GAAP reporting needs to simplify consolidation and reporting.
 Conceive, design, and implement new analytics capabilities to better explain the complex dynamics of Actuarial reporting results, including design of Source of Earnings exhibits, KRI reporting as well as advanced reporting analytics.
 Prioritize and coordinate with Modeling & Valuation leads to resolve global and local modeling implementation issues, documenting how decisions are made to ensure consistency and integrity.
 Ensure model readiness for Restatement and Go-Live FASB TI implementations, addressing and/or escalating any modeling issues, and assisting with the documentation of traceability from GAAP policy through model implementation.
 Evaluate designs and encourage consistency with the broader architecture strategy.



Qualifications
@!*!

 Degree in Actuarial Science, Mathematics, Finance, or Accounting is preferred.
 Minimum of 5 years of related work experience; broad Actuarial knowledge of products and valuation methodology
 Excellent written and oral communication skills
 Strong leadership, collaboration and influencing skills, working as part of a team with multiple stakeholders
 Knowledge of balance sheet and income statement accounting (STAT & GAAP), results analysis, and financial reporting
 Demonstrated effectiveness collaborating on multi-disciplinary teams in a dynamic, agile environment




@!*!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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Posted: 2020-04-21 Expires: 2020-06-19
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Director, Actuary (Modeling Enterprise) - ACT000RK

Prudential
Newark, NJ

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Actuary
10th2018 - Actuary
Overall Rating: 10/220
Median Salary: $100,610

Work Environment
Very Good
9/220
Stress
Low
76/220
Growth
Very Good
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