Director & Actuary (Individual Life Policyholder Behavior Assumptions Lead)

Prudential Financial   •  

Hartford, CT

Industry: Accounting, Finance & Insurance


Not Specified years

Posted 138 days ago

This job is no longer available.

About the position

This position resides in the Individual Life Insurance (ILI) Strategy & Assumptions Group within the Individual Solutions Group (ISG) Actuarial Department and can be located in either Newark, NJ or Hartford, CT.

The primary responsibility of the Assumptions Group is the development of assumptions used for a variety of critical business purposes including: the pricing of new products, GAAP and STAT financialreporting including Principle Based Reserving (PBR), forecasting, Economic Capital, Asset Adequacy Testing (AAT), dividends, as well as support of other regulatory and reporting requirements. In addition, the group performs analyses to support special projects and to contribute to the full understanding of financial results. Members of the group regularly interact with individuals from a broad array of functional areas within and outside of ILI, as well as other business units. Additionally, the group is offered exposure to a broad spectrum of life insurance business issues that are discussed weekly in an executive setting called the Assumptions Review Committee. Here, assumptions are discussed for endorsement by a group of senior leaders within ILI.

Primary responsibilities of this position include:

• Oversee the development of all policyholder behavior assumptions within ILI (i.e. premium payment behavior, lapse & surrender rates, term conversion rates, etc.)

• Collaborate with business partners (pricing, modeling, valuation, finance, corporate teams) to understand and support their assumption needs

• Review and sign off on documentation pertaining to the development of assumptions

• Provide management with actionable business insights based on assumption data analysis

• Proactively drive process, analysis, and control improvements

• Manage team of 2-4 actuarial analysts


The successful candidate will have all of the following core qualifications:

• Fellow or Associate of the Society of Actuaries

• Excellent analytical and problem-solving skills

• Strong oral and written communication skills

• Strong Microsoft Excel and Word skills

• Strong attention to detail and organizational skills

• Highly motivated, conceptual thinker who is able to work effectively on a wide variety of assignments

• Demonstrated interpersonal and partnering skills

• Demonstrated management experience

Strongest consideration will be given to candidates who possess the core qualifications and who have some of the following qualifications:

• Knowledge of life insurance experience studies and assumption development

• Knowledge of life insurance products

• Experience in GAAP or STAT financialreporting

• Knowledge of predictive analytics

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.