Director, Actuary (Annuities Pricing Director)

Prudential Ins Co of America - Director, Actuary (Annuities Pricing Director)

Location: Newark, New Jersey

Job Classification:
Actuarial - Actuarial

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career while growing your skills and advancing your profession at one of the world's leading financial services institutions!
The current employee work arrangement for this position is Hybrid and requires your on-site presence on a recurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

The Annuities Product Pricing team is excited to post a leadership role, Annuity Pricing Director. The Annuity Pricing team is responsible for executing crediting rate actions across the entire individual annuity suite of products employing product management levers to meet risk/return objectives. The team is also responsible for developing and implementing strategies to balance profit targets with sales goals while considering impacts to customer experiences.

The Annuity Pricing Director leads a team of 7 and reports to the Annuity Product Pricing VP. This is a visible role, with opportunities to interact with senior leaders across the annuities business and to influence decision-making.

What you can expect:

The Annuity Pricing Director will be responsible for:

1. Collaborating with stakeholders to propose price levels that achieve stated pricing targets, using various management levers
2. Securing necessary approvals for pricing updates
3. Ensuring recommendations are accurate and adhere to regulatory frameworks
4. Monitoring emerging profitability and reporting results to Finance and Business leaders
5. Proactively evaluating, recommending, and implementing management action solutions (e.g., asset strategies, reinsurance, hedging) to meet business objectives
6. Implementing, understanding, and communicating assumption & methodology changes
7. Advising business partners on risks and tradeoffs associated with proposed business strategies

What you'll need:

1. High-energy individual who brings positivity and optimism to their work
2. Strong project management skills with proven ability to prioritize and lead execution of multiple tasks coupled with a high degree of curiosity on current processes and systems
3. Continuous Improvement mindset with desire to inspire and lead team through change
4. Passion for challenging status quo delivering creative yet practical solutions to complex problems
5. Ability to partner with and influence peers and leaders across business and corporate functions
6. Excellent oral and written communication skills, especially the ability to communicate complex technical subject matter to various audiences
7. Experience leading a team is preferred
8. Actuarial designation (CERA, ASA, FSA) is required
9. Open to remote/virtual location outside of commutable Newark, NJ location.

What we offer you:

Market competitive base salaries, with a yearly bonus potential at every level. Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave. Retirement plans include a 401(k) plan with company match (up to 4%) and a company-funded pension plan. Wellness Programs to help you achieve your wellbeing goals, 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. Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations. 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.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $160,700.00 to $217,300.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.

Prudential Financial, Inc. of the United States is an Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity.