Manager, Actuarial (Hybrid)

Prudential • Newark, NJ

54d • Hybrid

About The Position

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions! As a member of the Annuity Calculation Management team, the Manager, Actuarial will perform multiple functions within their area. These functions include the Methodology function, Tool Delivery function, Operations function, and Product Regulatory function. The Annuity Calculation Management team is responsible for all technical aspects of annuity product initiatives and ongoing management of the current annuity product portfolio. The team ensures actuarial & product integrity of the in-force block of business through all lifecycles of the 300+ products in force. This individual is recognized within the organization as a product and calculation expert. This individual has demonstrated the ability to collaborate effectively and train associates in different functions. This individual will also perform the functions outlined below. The current employee work arrangement for this position is hybrid and requires your on-site presence (at either our Hartford, NJ, Dresher, PA, or Newark, NJ locations) on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

Requirements

• Bachelor's Degree Required.
• 5+years of experience in financial services, product support, or product management.
• Strong technical skills in Microsoft Excel including VBA, Power Query and other programming.
• Associate of the Society of Actuaries (ASA) preferred but not required.
• Approach work with intellectual curiosity and transparency with an openness to giving and receiving feedback.
• Self‐motivated, proactive and visionary leadership, thinking beyond functional responsibilities to broader business strategy.
• Highly organized, collaborative, creative, and adept at handling multiple, changing priorities where creative solutioning required.
• Continuous Improvement, AGILE, or process optimization experience.
• Skilled at resolving conflict and negotiating effectively and tactfully.
• Proven strong attention to detail and follow‐through skills.
• Excellent verbal and written communication/presentation skills.
• Strength of convictions and ability to influence and champion product changes.
• Ability to effectively manage several dissimilar projects and prioritize.
• Ability to work independently and as part of a team.

Nice To Haves

• Annuity Illustrations experience preferred.
• Microsoft Access experience preferred but not required.
• Experience with Actuarial Regulatory support for contract filings (Actuarial Memos, Actuarial Certifications, Nonforfeiture Demonstrations) preferred but not required.

Responsibilities

• Drive project execution by proactively identifying problems/issues and assuming responsibility for the work product.
• Manage and drive understanding of in-force products through a centralized mailbox.
• Demonstrate product/rider and technical expertise across all Prudential annuity products.
• Clearly communicate technical calculations and complex methodologies via oral and written methods.
• Sound technical skills in tool building while continuing focus on long-term strategies.
• Communicate concerns, inconsistencies, or clarifications needed within Product Specifications.
• Manage and provide subject matter expertise on complex algorithms.
• Demonstrate knowledge in predictive analytics.
• Manage and maintain the team's tool inventory. Follow established controls for model governance.
• Validate in-force business with business-as-usual testing to maintain product integrity and compliance with established standards.
• Provide leading support in internal audits and other activities to reinforce the usage of sound processes and control consciousness.
• Review and clearly communicate necessary updates for all contract forms and prospectus information, if applicable, to determine readability and consistency with product specifications (customer focused).
• Assist with the development and training of other associates.
• Collaborate with business partners to ensure thorough understanding and peer review of calculation in support of all regulations and processes.
• Provide on-going actuarial knowledge and creative problem resolution within Product and to business partners across the organization.
• Consistent focus on streamlining and enhancing existing processes and tools.
• Oversee ongoing support of our immediate annuity products.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 5,001-10,000 employees