Job Description - VP, Actuary Valuation & Projections
VP, Actuary Valuation & Projections - RET000K4
Prudential 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 Actuarial Valuation & Projections team is responsible for
delivery of valuation/projections BAU, strategic initiatives and
executing on value drivers. This team drives strategic insights and
supports the presentation of enterprise-wide Financial Reporting
results to the Company Chief Actuary.
The Vice President, Actuary, Valuation & Projections leader for
Retirement, Group Insurance and Long Term Care (LTC), is a new
position that will own the Business Unit (BU) Financial Reporting
results and analysis, responsible for producing, reporting,
analyzing, and explaining actual and forecasted actuarial balances
at the BU level and maintaining relationships with all BU
stakeholders (e.g., Actuarial, Finance, Product, Senior
Management). This candidate will be accountable and tightly
connected to the BU Chief Actuaries and will work directly with the
BUs to support and inform them of valuation issues and
Primary responsibilities include:
•Providing valuation insights to the BU Chief Actuary to help
optimize new products and inforce management.
•Serving as Appointed Actuary of an insurance subsidiary.
•Leading external advocacy and internal education and
coordination on Group Annuities, LTC and Group Insurance regulatory
•Implementing FASB Long Duration Targeted Improvements for
Retirement and LTC business.
•Achieving process speed/cost/value goals, including key role in
•Supervising highly motivated and talented quantitative
professionals to achieve aggressive business goals.
•Providing timely, accurate and insightful analytics to
facilitate confident decision-making and reporting of results,
producing “regulator ready” actuarial memos and documentation.
•Implementing efficient and robust process improvements.
•Being an active participant in Prudential’s actuarial
•Other responsibilities as assigned.
•FSA with significant well-rounded experience and superior GAAP
and Stat reporting knowledge
•Proven track record of being a strategic thinker, creative,
innovative and execution focused.
•Excellent communication skills, particularly in presenting
results to executives.
•Ability to build collaborative relationships with diverse
functional areas, including business, actuarial, finance, treasury,
investments and risk.
•Experience with LTC, Group Annuities, Group Disability or
Stable Value is a plus
•Other risk/investment professional designations such as CFA,
CERA, PRM, FRM or advanced degrees are not required but would be
•Highly motivated and ability to thrive in a results-oriented
environment with high quality standards.
•Fast learner and ability to work in a multi-functional team
•Excellent coaching and talent development skills.
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. 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.
Warning: Misuse of Prudential name in fraud schemes. Read
The views expressed by each employee is based on his or her
personal experiences and opinions. An individual’s own abilities,
dedication, and achievements will have a direct impact on his or
her success at Prudential, potential for professional growth, and
opportunities for other careers at Prudential and its
Prudential is an equal opportunity employer. All qualified
applicants will receive consideration for employment without regard
to race, color, religion, sex, sexual orientation, gender identity,
national origin, genetics, disability, age, veteran status, or any
other characteristic protected by law. The Prudential Insurance
Company of America, Newark, NJ and its affiliates.