Vice President & Actuary; Annuities Pricing

Overview

Job Classification
Actuarial - Actuarial

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!

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 recurring 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.

• 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.

• 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.

• 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.

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 $ to $. 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…