1+ months

Vice President & Actuary (Annuities Pricing) - ANN000TU

Prudential
Hartford, CT 06103
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  • Job Code
    586600
Primary Location United States-Connecticut-Hartford
Job:Full-time
Travel:
Description
!*!

Given the role it plays in helping customers address their financial challenges, Individual Annuities is a key strategic business for Prudential.  This Vice President role is part of Annuities Actuarial, a centralized Actuarial function supporting the Annuities business.  The successful candidate will lead the New Initiatives team in the development of product design & management concepts as well as ownership of select non-traditional VA products.  The role entails working closely with the entire annuity pricing team and opportunity for cross-functional partnership with areas including Product, Investments, Valuation, Corporate Actuarial and Finance. This is a visible role to senior leaders within the business & corporate functions, allowing opportunities to influence management decisions and drive results, and therefore requires a high degree of communication, collaboration and creativity!
 
Responsibilities:
 Work with the business on ideation & viability assessment of new product designs.
 Familiarity with existing pricing models, assumptions & methodologies in order to thoughtfully develop such items in the evaluation of any new initiatives.
 Lead the design and pricing phase for select initiatives.  Understand and clearly articulate to senior management key drivers of results and sensitivities.  Make supportable recommendations to optimize the risk/return profile.
 Implement select initiatives through collaboration with business partners and seek sustainable solutions to any complex problems.
 For select non-traditional VA products, oversee production activities such as rate-setting, profitability reporting, assumption maintenance and regulatory compliance.
 Awareness of emerging trends in the competitive & regulatory landscape that may provide threats or opportunities to our business.
 Continually seek efficiencies to existing processes and maintain appropriate documentation for all work.
 Manage a staff of 3-4 actuaries to support aforementioned efforts by setting appropriate deadlines, assisting with prioritization and providing development opportunities.
Skills:
Challenge Status Quo, Leadership, Knowledge Sharing, External Focus, Perseverance



Qualifications
@!*!


B.S./ B.A. required


Fellow of the Society of Actuaries designation (FSA) with 10 years of actuarial experience


Previous management experience preferred


Pricing experience on fixed or variable annuity products preferred


Experience with actuarial/modeling software (MATLAB, GGY Axis, Python, etc.)


Strong ability to explain complex topics to both technical and non-technical individuals


Strong quantitative and analytical skills along with an innovative mindset


Good research skills; ability to gather and distill information from internal and external sources in order to develop recommendations


Ability to handle multiple projects and collaborate with numerous business partners


Ability to influence others & drive results in a large organization



@!*!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.
Job Posting:@false

Posted: 2020-04-22 Expires: 2020-06-20
Sponsored by:
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Vice President & Actuary (Annuities Pricing) - ANN000TU

Prudential
Hartford, CT 06103

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