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Vice President & Actuary

Company: Prudential Annuities Distributors (PAD)
Location: Newark
Posted on: April 9, 2021

Job Description:

Vice President & Actuary, Head of Annuity PricingPrudential Financial, Inc. 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 company's 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.The Vice President & Actuary, Head of Annuity Pricing, is a highly visible senior executive in the Annuities business system, reporting to the Annuities Chief Actuary. This leader has oversight for all annuity pricing activities, including: product design analysis and pricing of Prudential's retail variable and fixed annuity products and optional benefits; pricing models, methodologies, and assumptions; and pricing of strategic new business initiatives. This critical senior role has frequent interaction with the Annuities president and senior leadership team, corporate and executive senior management, key external parties and other stakeholders. The Pricing lead is a member of the Annuities Actuarial senior leadership team and plays a critical role in strategic collaborations, prioritization, communications, and talent matters across Annuities Actuarial.Primary responsibilities of the role include:

  • End-to-end product pricing, including pricing models and methodologies, pricing analysis in support of new product development and rate-setting/re-pricing recommendations
  • Development and recommendation of pricing assumptions, in partnership with the Annuities Assumptions team and other key functions
  • Communication of pricing matters to stakeholders and senior management in multiple formats/forums, including expert discussion of results, drivers, risks, and other insights to inform/influence business decisions
  • Partnership with the Annuities business, in particular the Product organization, in co-creating products, rate-setting, and other new business decisions and initiatives--
  • Collaboration and influence with corporate and control partners to drive sound consideration of Annuities in new business frameworks and governance
  • Transformation of pricing processes, capabilities, infrastructure, and ways of working to align with the Annuities business strategy and Actuarial of the Future vision
  • Risk-smart adherence to controls and professional standards of practice
  • Representation of Pricing and/or Annuities Actuarial in strategic initiatives and councils/committees as appropriate
  • Leadership of a team of approximately 25 actuaries from entry-level to vice president, located across multiple sites
  • Pricing team climate, engagement, talent development, and inclusion & diversity; constructive engagement on broader business and functional talent objectives
  • Other responsibilities as appropriateQualifications:
    • FSA with at least 10 years of actuarial experience
    • Broad leadership experience, preferably leading large teams and/or actuarial functions
    • Deep technical knowledge, including variable and fixed annuity products and pricing concepts and best practices
    • Strong business acumen and industry knowledge
    • Ability to effectively lead multiple complex initiatives within a matrix operating environment, including demonstrated ability to collaborate with and influence business and corporate stakeholders
    • Excellent communication skills, including the communication of technical subject matter to non-technical and senior audiences
    • Proven track record of being a strategic thinker, creative, innovative, and execution-oriented
    • Strong talent mindset and skillset, including leading leaders, talent development, performance management, coaching, organizational design and strategy, and change management
    • Highly motivated and ability to thrive in a results-oriented environment with high performance standards
    • Growth mindset; ability to envision, embrace, and inspire transformative change; role models an open mind, customer/stakeholder empathy, and continuous improvement- Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 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 company's 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. We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand. Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.-- The Prudential Insurance Company of America, Newark, NJ and its affiliates. Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential. PEOPLE WITH DISABILITIES:
      If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com. Please note that the above number and email are solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance. We are a company of smart, ambitious professionals working together across a multitude of disciplines. Together, we are building a better financial future for our customers and our communities around the globe.

Keywords: Prudential Annuities Distributors (PAD), Newark , Vice President & Actuary, Executive , Newark, New Jersey

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