At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions.
This position will play a key role on the Individual Life Insurance (ILI) Core Markets Pricing Team within Actuarial. This individual will be a leader on the ILI Pricing & Product Development Team and collaborating with many areas (e.g., Product Strategy, Marketing, Assumptions, Valuation, Modeling, Portfolio Management) in the development of new products and the updating of our pricing. This individual will lead a small team (1-2 associates) and be responsible for ensuring that we develop rates that meet ILI's business and profitability objectives, appropriately utilize the necessary models to support these functions and comply with applicable pricing and modeling standards.
The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring 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.
What you can expect: Primary responsibilities of this position may include:
• Pricing and design of new life insurance products
• Development and prototyping of new products or features.
• Modeling in Axis and Excel.
• Performance of regulatory testing and preparing materials for state filings.
• Comply with pricing/risk governance
• Modeling the profitability of new business.
• Partner with and communicate effectively with business stakeholders
• Ad-hoc requests What you'll need:
• Actuarial credentials - FSA preferred with at least 5 years of actuarial experience.
• Strong leadership, actuarial, problem solving, collaboration and communications skills required.
• Ability to effectively and timely identify and implement comprehensive solutions required.
• Experience in pricing, valuation, and/or modeling preferred.
• Knowledge of life insurance products and PBR knowledge is highly desirable.
• Excellent technical skills, strong analytical mind and the ability to produce insights that bring business value
• Knowledge of GGY Axis is a plus.
• Ability to work within Agile environment Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
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
• 401(k) plan with company match (up to 4%)
• 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. To find out more about our Total Reward package, see ourTotal Rewards Brochure . Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
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. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement. 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 - all while growing your skills and advancing your profession at one of the world's leading financial services institutions.
This position will play a key role on the Individual Life Insurance (ILI) Core Markets Pricing Team within Actuarial. This individual will be a leader on the ILI Pricing & Product Development Team and collaborating with many areas (e.g., Product Strategy, Marketing, Assumptions, Valuation, Modeling, Portfolio Management) in the development of new products and the updating of our pricing. This individual will lead a small team (1-2 associates) and be responsible for ensuring that we develop rates that meet ILI's business and profitability objectives, appropriately utilize the necessary models to support these functions and comply with applicable pricing and modeling standards.
The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring 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.
What you can expect: Primary responsibilities of this position may include:
• Pricing and design of new life insurance products
• Development and prototyping of new products or features.
• Modeling in Axis and Excel.
• Performance of regulatory testing and preparing materials for state filings.
• Comply with pricing/risk governance
• Modeling the profitability of new business.
• Partner with and communicate effectively with business stakeholders
• Ad-hoc requests What you'll need:
• Actuarial credentials - FSA preferred with at least 5 years of actuarial experience.
• Strong leadership, actuarial, problem solving, collaboration and communications skills required.
• Ability to effectively and timely identify and implement comprehensive solutions required.
• Experience in pricing, valuation, and/or modeling preferred.
• Knowledge of life insurance products and PBR knowledge is highly desirable.
• Excellent technical skills, strong analytical mind and the ability to produce insights that bring business value
• Knowledge of GGY Axis is a plus.
• Ability to work within Agile environment Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can: Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
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:
• 401(k) plan with company match (up to 4%)
• 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 . click apply for full job details
Date Posted: 24 May 2024
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