Director, Actuary

About the role

This role supports the Appointed Actuary of the captive reinsurance company, Ironbound Re, in providing Actuarial Opinion Memoranda (AOM), quarterly GAAP/Stat reporting, and overseeing Pricing/Valuation assumptions and methodologies.

Responsibilities

• Support quarterly/annual GAAP, Stat, and Economic liability reporting of PRT deals reinsured to Ironbound Re
• Perform additional regulatory reporting/testing requirements
• Communicate insights on the Economic liability vs Stat VM-22 reserves to various stakeholders
• Provide support to internal/external audit and oversight teams
• Collaborate with Valuation, Pricing, Finance, Treasury, IT, Portfolio Management, Product Management, and Government Affairs teams

Requirements

• Must have FSA, or near FSA, designation
• At least two years of GAAP or Stat reporting experience
• Strong communication (both written and verbal) skills
• At least five years of experience with Annuities, Pensions, or Life Insurance products
• Expert user of the Microsoft Office suite

Qualifications

• If you had experience with implementing LDTI, VM-20, VM-21, and VM-22 regulatory changes, it would be a plus
• Experience with asset/liability models
• Some expertise in a programming language
• Experience working in a Valuation team

Skills

Not specified

Benefits

Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

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 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.

Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).

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.

To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers.

Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.