Director, Actuarial, Longevity Reinsurance Pricing Job Listing at Prudential in Iselin, NJ (Job ID PSS00009)

Insurance, Finance

The Director, Actuarial, Longevity Reinsurance Pricing, is a new position responsible for leading the pricing and modeling of Prudential's Pension Longevity Reinsurance business. 
 
 Primary Responsibilities

• Develop and refine pricing, modeling, and capital methodology and financial frameworks for new and existing books of business. Ensure compliance with enterprise pricing standards.
  


• In partnership with business leaders, determine and test optimal pricing strategies to balance competitiveness, growth and profitability.


• Partner with Product Actuarial and Longevity Underwriting Teams to analyze mortality and demographic assumptions for pension plans and structure jumbo longevity insurance transactions.
  


• Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
  


• Lead the development and implementation of the financial foundation for product innovations and customized solutions.
  


• Support jumbo prospect, intermediary, and counterparty engagement and negotiation.


• Partner with business and corporate leaders to determine and implement optimal pricing strategies that balance competitiveness and profitability while ensuring compliance with Enterprise Pricing Standards.
  


• Establish efficient and robust pricing processes and ensure compliance with Model Risk Policies and End User Controls.
  


• Assist with other non-Longevity Reinsurance pricingl projects (in-force management, structured settlement pricing) as needed.


• Be an active participant in Prudential's actuarial community
  

 

Qualifications

• Bachelor's Degree required
• FSA strongly preferred, ASA required,; 7+ years of business / actuarial experience.
• Experience with mortality and/or longevity risks and insurance products (ideally within annuity and/or pension space)
• Highly motivated, innovative, and creative problem solver and conceptual thinker
• Ability to convey sense of urgency and to work productively with internal and corporate business partners (product, actuarial, finance, treasurers)
• Strong project management skills
• Superior technical skills and ability to understand complex quantitative concepts and models.
  
• Collaborative and team-oriented leadership style
• Strong presentation and communication skills