Director, Actuary – Annuity Calculation Management

Role Overview

• Management, Development and training of a team of 2-4 actuarial professionals
• Represent the Annuity Calculation Management team on cross-functional project teams
• Coordinate with project leadership to define and manage to target dates for key milestones
• Identify any obstacles, escalate, and resolve issues promptly
• Review product specifications and calculation methodologies used in new product development, changes to existing products, and in-force product escalations
• Provide technical product perspective so the methodologies are in good order to serve as a blueprint to build and deliver tools
• Raise any concerns, inconsistencies, or clarifications as needed
• Review all contract forms and prospectus information, if available, to determine readability and consistency with product specifications
• Oversee the creation of all required actuarial regulatory documents including memorandum, certifications and exhibits as required by state and other regulatory bodies for new product development and in-force product management
• Manage activities associated with methodology creation including: Planning and facilitating detailed calculation elicitation sessions
• Development of high-level numerical examples as needed
• Engagement in creating calculation requirements and all other associated requirements
• Proficiency in oral and written communications across technical calculations and complex methodologies
• Consistent focus on streamlining and enhancing existing processes and tools to complement testing automation and enhance controls
• Leverage AI technology and validate, where applicable, to create efficiencies while maintaining controls
• Ensure that calculation tool deliverables and necessary signoffs are completed, including presenting the calculation methodologies to the product, pricing and control groups to secure signoff
• Manage and oversee actuarial tools process, to be used for testing administrative or illustration system functionality or to support a manual calculation in the absence of full system functionality, which includes troubleshooting and resolving testing fallout
• Oversee controls on new and modified tools in accordance with established controls (such as the EUCS policy)
• Manage illustration and administrative test tool maintenance to be used by Technology to test system changes and periodic updates
• Manage and support internal audits, RCSA’s, and other activities to reinforce the usage of sound processes and a control consciousness
• Provide on-going actuarial knowledge and creative problem resolution within Product and to business partners across the organization
• Demonstrate product/rider and technical expertise across Prudential annuity products
• Ensure that calculation and output meet regulatory requirements
• Maintain independence of tasks from Methodology to Tool Build to Peer Review

Requirements

• Bachelor’s Degree
• 5+ years of experience in financial services product support or product management, including Annuities Illustrations experience
• Exceptional technical skills in Microsoft Excel including VBA
• Continuous Improvement, AI, AGILE, or process optimization experience
• Demonstrated proven ability to lead, develop, and grow talent
• Excellent verbal and written communication/presentation skills
• Approach work with intellectual curiosity and transparency with an openness to giving and receiving feedback
• Self‐motivated, proactive and visionary leadership, thinking beyond functional responsibilities to broader business strategy
• Highly organized, collaborative, creative, and adept at handling multiple, changing priorities where creative solutioning is required
• Skilled at resolving conflict and negotiating effectively and tactfully
• Proven strong attention to detail and follow‐through skills
• Strength of convictions and ability to influence and champion product changes
• It’d be a plus if you had: FSA/ASA
• Experience with Actuarial Regulatory support for contract filings (Actuarial Memos, nonforfeiture demonstrations)
• Microsoft Access experience

Tech Stack

• VBA

Benefits

• 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
• 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