Director, Actuary (International Insurance~ Modeling) - Prudential - Newark, NJ

Prudential International Insurance (PII) continues to be one of Prudential’s fastest growing and most profitable business groups. PII has operations in eleven countries around the world (Japan, South Korea, Taiwan, Malaysia, India, China, Brazil, Argentina, Mexico, Poland, and Italy) and is looking to fill a new Director position in the Actuarial department in Newark, New Jersey.

The Director, Actuary position will lead the oversight and/or implementation of the enterprise risk framework such as Risk Adjusted Capital, liquidity framework, and will also support various special strategic projects such as emerging regulatory regimes around the globe. This position is highly visible and strategic, and plays a key role in PII Actuarial by partnering with the local operations, various enterprise and domestic counterparties. This position will report to the team lead of Risk, Capital and IFRS unit.

Primary responsibilities include

• Serve as PII leader for the enterprise Risk Adjusted Capital and liquidity framework process, working with Korea, Taiwan, and other international operations


• Support international operations in the building of actuarial models and analytical tools for the implementation and reporting of new regulatory regimes, for example Solvency II and IFRS


• Develop actuarial models for new initiatives and new regulatory requirements including valuation and forecasting models


• Provide timely, accurate and insightful analysis to model results


• Work and communicate regularly with other teams such as Valuation, Pricing, Assumption, Corporate Actuarial, ERM, and international operations


• Supervise one or two actuarial associates; attract, retain and develop talent within the team.


• Lead work streams and drive all modeling projects to a successful completion.

Examples of special strategic projects

• Build out a proto-type single platform solution for IFRS and Solvency II with Korea team and help their implementation of IFRS and Solvency II


• Support other model build initiatives driven by changes in internal and external capital frameworks, or change in accounting frameworks

Qualifications

• Strong quantitative and analytics skills, including the ability to understand concepts and assess situations in a timely manner


• Strong financial/modeling knowledge (GAAP, Statutory or ALM) with any financial modeling software is required


• A minimum of 3 years of actuarial modeling experience in valuation and projection in an open coding system such as Prophet is desired


• Strong project management skills


• Excellent written and verbal communication skills


• Broad understanding and relevant experience with Life and/or Annuity products


• Creative problem solver


• Programming experience, preferably in C type language, is a plus


• ASA or FSA with 5+ years of actuarial experience is required, CFA a plus


• Experience and knowledge in economic scenario generation is a plus


• Minimal travel will be required ( < 10% of time )


• Risk appetite, IFRS and Solvency II knowledge and experience is a plus

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.