17 days old

Vice President & Actuary

Prudential Ins Co of America
Newark, NJ 07102
  • Job Code
    R-102767

Prudential Financial, Inc. is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. For more information, please visit www.prudential.com.

Prudentials Corporate Mergers & Acquisitions Group reports directly to Prudential's Chief Financial Officer and is responsible for the acquisition and divestiture activities across all of Prudential's businesses, including insurance and asset management, in the United States and abroad. Since its inception in the late 1990's, the group has closed more than 70 transactions with aggregate value in excess of $15 billion. The group is also responsible for sourcing acquisitions as well as select strategic analyses.

Our team is currently looking for a Vice President and Actuary, Mergers & Acquisitions. The position will work directly with the Corporate Mergers & Acquisitions Group, and report to the head of the Actuarial M&A team. This is a highly visible role collaborating with team members working across multiple stakeholder groups

Job Responsibilities:

Specifically, this executive will be devoted to actuarial aspects of transactions including modelling performed either externally with actuarial consultants or internally across Prudentials International and U.S. entities:
Communication of actuarial issues to stakeholders including senior executives
Independent oversight of all actuarial aspects of a project, and coordination with cross-functional deal team
Development and review of projections under local statutory, Purchase GAAP and US GAAP accounting frameworks.
Working closely with Corporate M&A department, development of company valuation including actuarial appraisals
Perform actuarial and related due diligence covering reserve adequacy, product and pricing evaluations, determination of appropriate assumptions, reinsurance programs, evaluation of existing models, actuarial appraisals
Engage and manage external consultants as needed for valuation and due diligence
During inactive M&A periods, there may be work on special actuarial, initiatives and reinsurance transaction projects.

Qualifications:

Bachelor's Degree required and fully qualified actuary with FSA, FIA or related designation.
Preference for candidates with M&A transaction-related experience reinsurance and or new initiative modelling experience at a consulting firm, insurance company or investment bank.

Extensive experience and success in developing a collaboration, building relationships and influencing executive level leadership as well as securing broad organizational support across Business Partners, Corporate Functions (M&A department, Corporate Actuarial, Finance, Investments, ERM) and external advisors (consultants, Investment bankers)

Broad and detailed knowledge of various valuation methods for insurance companies, product pricing, modelling and Purchase GAAP and statutory reserve valuation methods across wide set of individual, Group, Accident and Health and pension products.

Strong knowledge of US Statutory, US GAAP, Solvency II and IFRS accounting methods.

Experience and knowledge of major global insurance markets preferred

Dedication to completing work thoroughly and on time under time pressure.

Strong hands on financial modeling skills with various modelling platforms and systems.

Proven track record of being a strategic thinker, creative, innovative, and execution focused turning ideas into measurable meaningful results

Strong written and verbal communication

Some travel required within U.S. and Internationally

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.







Posted: 2021-06-07 Expires: 2021-07-06
Sponsored by:
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Vice President & Actuary

Prudential Ins Co of America
Newark, NJ 07102

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