Director, Actuary (Annuity Pricing)

Job Classification:
Actuarial - Actuarial

The Annuities Product Pricing team is excited to post this new 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 approximately 5 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. The Annuity Pricing Director will be a regular presenter at the Senior Annuity Financial Risk Committee (SAFRC).

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


Qualifications:
  • Motivated individual who brings positivity and optimism to their work
  • 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
  • Continuous Improvement mindset with desire to inspire and lead team through change
  • Passion for challenging status quo delivering creative yet practical solutions to complex problems
  • Ability to partner with and influence peers and leaders across business and corporate functions
  • Excellent oral and written communication skills, especially the ability to communicate complex technical subject matter to various audiences
  • Experience leading a team is preferred
  • Actuarial designation (CERA, ASA, FSA) is required
  • Position open to virtual/remote work locations


*Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident.

Salary range specific to Colorado: $134,700-$182,300 + discretionary incentive bonus + 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.

-

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.

Shelton, Connecticut, United States of America; United States

R-103776