Job Classification:
Actuarial - Actuarial
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.
What you can expect:- 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.
What you'll need:- 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.
It'd be a plus if you had:- Previous management experience preferred.
- Pricing experience on fixed or variable annuity products preferred.
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.
We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
#LI-RRJ
What we offer you:Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $192,900.00 to $289,300.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
- 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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
