Vice President & Actuary (Annuities Pricing)

Prudential Financial • NJ-Virtual Office, NJ

1d • $192,900 - $289,300 • Hybrid

About The Position

The Vice President & Actuary (Annuities Pricing) role is a leader within the Retirement Pricing team responsible for all aspects of variable individual annuities. As part of the Finance and Actuarial Community, the successful candidate will lead their pricing team in the development of product design, rate setting, internal governance. 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. The current employee work arrangement for this position is hybrid or virtual and may require your on-site presence on a reoccurring basis as determined by your business, dependent on the candidate's location. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

Requirements

• B.S./ B.A. required.
• Fellow of the Society of Actuaries designation (FSA) with 10+ years of actuarial experience.
• 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.

Nice To Haves

• Previous management experience preferred.
• Pricing experience on fixed or variable annuity products preferred.

Responsibilities

• Work with a broad stakeholder base for ongoing product pricing and management as well as on ideation & viability assessment of new product designs.
• Familiarity with existing products, pricing models, assumptions & methodologies in order to thoughtfully develop such items in the evaluation of any new initiatives.
• Communicate across the Enterprise the product features, key drivers, and risk/return trade-offs of our Products to support ongoing decision making.
• Manage actuarial regulatory requirements related to annuity products, including regulatory filings and interactions.
• 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 5-7 actuaries to support aforementioned efforts by setting appropriate deadlines, assisting with prioritization and providing development opportunities.

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).
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive