Vice President & Actuary, Group Insurance Valuation & Capital

Prudential Financial • Newark, NJ

4d

About The Position

The Vice President & Actuary, Group Insurance Valuation & Capital will be responsible for leading the central actuarial valuation team and capital management functions for Prudential Group Insurance, ensuring the integrity of reserves, capital adequacy, and statutory and GAAP financial results across Group Insurance products including Life, Disability, Supplemental Health, and Medical Stop‑Loss. This role will provide actuarial leadership in coordination with the product-based valuation teams, supporting financial reporting and annual adequacy testing and reporting requirements. The role will also lead capital planning and serve as Group’s Reinsurance Officer, partnering with Group and Corporate Finance, Corporate Actuarial, Risk Management, and Investments. The successful candidate will be a strong people leader, technical expert, and trusted advisor to senior leadership.

Requirements

• 10+ years of actuarial experience with significant exposure to Group Insurance valuation, including GAAP and Statutory reserving and capital considerations.
• Deep knowledge of valuation methodologies, assumption setting, experience analysis, and financial reporting (STAT, GAAP and regulatory solvency (“RBC”)).
• Proven leadership experience managing and developing high‑performing actuarial teams.
• Strong collaboration skills with Finance, Risk, and Corporate Actuarial stakeholders.
• Executive presence in delivering complex messages to senior audiences in a clear and simple manner that inspires confidence and promotes deliberate decision-making
• Partnership and influencing skills, and the ability to face off with both internal and external subject matter experts
• Strong analytical mindset with experience driving insights from complex data and models.
• Ability to exercise sound actuarial judgment within robust governance frameworks.
• Professional actuarial designation: ASA, FSA, FIA, or equivalent.

Responsibilities

• Serve as the lead actuarial authority for valuation and capital management across Group Insurance, ensuring reserves and capital are appropriate, well‑supported, and compliant with, GAAP, statutory and regulatory requirements.
• In conjunction with the product-based actuarial teams, provide oversight in the development, review, and governance of valuation assumptions, methodologies, and models, including ongoing experience studies and management judgment frameworks.
• Lead quarterly and annual valuation processes, including reserve analysis, earnings drivers, sensitivities, and clear communication of results to senior management.
• Lead capital planning, target capital setting, cashflow projections, stress testing, and scenario analysis in partnership with Corporate Actuarial, Enterprise Capital, Risk, and Finance
• Provide valuation and capital management input in Group strategy projects including growth planning and M&A analysis.
• Serve as Group Reinsurance Officer, managing reinsurance strategy and execution in conjunction with Group and Corporate Finance and Product and Underwriting stakeholders.
• In support of finance and actuarial modernization, design and advance analytic capabilities related to valuation, experience monitoring, and capital optimization.
• Provide actuarial leadership in regulatory interactions, audits, and internal controls, including support for examinations and governance committees.
• Translate complex actuarial conclusions into clear, decision‑ready insights for executive leadership.
• Connect with key business partners to understand enterprise priorities and effectively communicate our valuation and capital frameworks and their impacts via both written and verbal presentations in a simple and consumable way for audiences of all levels within the organization.
• Lead, mentor, and develop a team of actuarial and finance professionals supporting valuation and capital functions.
• Represent Group Insurance in enterprise and industry valuation and capital forums.

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: Executive
• Education Level: No Education Listed