23 days old

Director & Actuary ( Individual Life Policyholder Behavior Assumptions Lead)

Prudential
Newark, NJ
  • Job Code
    ILI0000V
  • Jobs Rated
    10th

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 financial reporting 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 financial reporting



Knowledge of predictive analytics









Jobs Rated Reports for Actuary

Posted: 2018-09-27 Expires: 2018-10-26
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Director & Actuary ( Individual Life Policyholder Behavior Assumptions Lead)

Prudential
Newark, NJ

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Actuary
10th2018 - Actuary
Overall Rating: 10/220
Median Salary: $100,610

Work Environment
Very Good
9/220
Stress
Low
76/220
Growth
Very Good
26/220
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