Director, Actuarial Job Listing at Prudential in Newark, NJ

Insurance, Finance

Prudential Annuities has now implemented the home-grown AAPS system
to address its core modeling needs, which include VACARVM, C-3
risk-based-capital analysis and GAAP DAC unlocking and attribution
analysis capabilities.  We are currently enhancing the model
to include asset adequacy testing, an integrated asset/liability
projection framework and forecasting capabilities.
 
Due to these burgeoning modeling needs, we are seeking an
individual to help in the infrastructure development and production
processes.  While we are already executing on our vision of a
common projection platform to accomplish most of the business'
modeling needs, the growing uses and functionality requirements of
the model are driving us to focus on it's long term ability
 and efficiency.  As such, we have the need for someone
with a very strong background in actuarial modeling systems,
annuity business and IT.
 
The candidate will be looked upon as someone with the vision and
technical expertise to provide leadership as we seek to evolve the
modeling infrastructure into a robust platform that enhances the
control process around model changes, yet remains flexible enough
to address our future growth needs.  The individual
will be expected to help us develop efficient and scalable
projection system while also supporting the core calculation
production functionality of the modeling system.  Changes to
the model need to be made with a philosophy that gives due
consideration to the long-term viability of the model, and not just
be the most expedient way to address the current need.  Also,
the individual will be charged with making sure that a proper
control process is installed to govern all changes to the modeling
platform.  Such a process will include testing protocols,
version control, and good documentation of all changes to the
model.
 
The candidate will work closely with Prudential Annuities'
actuaries and the modeling team to assure that the needs of the
business are met.  In addition, the individual will be looked
upon to work with outside departments, such as Annuities Finance,
Corporate Actuarial, and Risk Management, to make sure that the
outputs produced by the model meet their unique needs.  The
individual will,  over time be expected to master the business
aspects of the modeling.
 

• Expertise in actuarial modeling systems, with a strongpreference for MG-ALFA
• Bachelor's Degree
• Keen awareness of current IT landscape and evolvingtechnologies
• Strong quantitative and analytical skills
• Strong project management skills
• Strong knowledge of asset projection and related assetspecifications
• Must be able to work equally well independently and in a teamenvironment
• Actuarial credentials - ASA and or CFA preferred