21 days old

Vice President & Actuary Mortality & Data Analytics - ILI0002B

Prudential
Newark, NJ
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  • Job Code
    589281
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:
Description
!*!

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 impact to mortality on 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. This involves collaboration with the Data analytics to build capabilities for mortality studies and monitoring

Pioneer mortality research using internal and industry sources
 
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

Represent on all PBR mortality-related issues with auditors and regulators
 
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
assumptions
 
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



Qualifications
@!*!

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 products and industry
 Mortality and assumption expertise
Experience in GAAP or STAT financial reporting
Knowledge of predictive analytics
Demonstrated management experienc



@!*!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: 2020-05-09 Expires: 2020-06-08
Sponsored by:
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Vice President & Actuary Mortality & Data Analytics - ILI0002B

Prudential
Newark, NJ

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