Prudential
Director & Actuary ( Modeling COE ~ Individual Life) (Information Technology)
Individual Life Insurance seeks talented applicants for the position of Director & Actuary in the PolySystems Modeling Center of Excellence (COE) team located in Newark, NJ.
The primary focus of this position will be to support the development and maintenance of UL Master and Delphi valuation systems for interest sensitive life products. This role will be focused on the US Statutory, tax reserve, and GAAP / DAC valuation. Major responsibilities include the support of the following activities:
Leading the implementation of regulatory updates in UL Delphi including Targeted Improvements
Leading experience assumption updates into the valuation systems
Improving existing modeling processes and planning model updates
Working with business partners across the organization on new modeling initiatives
Documenting any system changes / issues, testing plans and results and having necessary controls in place for the integrity of the results generated by the system.
Leading actuarial valuation related projects and working closely with other crossfunctional teams such as valuation, pricing, modeling, experience study, external and internal auditors / regulators.
Managing and developing other actuarial team members.
Fellow of the Society of Actuaries designation (FSA), or near-FSA with at least 7 years of actuarial experience.
Hands on experience with Statutory / GAAP financial reporting or actuarial modeling, and in-depth knowledge of traditional and interest sensitive life products.
Prior experience with PolySystems is a plus.
Solid oral and written communication skills, ability to lead project and communicate goals, and be able to independently coordinate and collaborate with internal cross-function teams and external auditor / regulator.
Highly motivated, conceptual thinker who is able to work independently and take a leadership role in a variety of assignments.
Creative problem solver and strong actuarial project management skills, strong quantitative and analytic skill sets.