Director, Actuarial, Pension Longevity Risk Modeling Job Listing at Prudential in Iselin, NJ

Insurance, Finance

The Director, Actuarial -- Pension Longevity Risk Modeling is a new 'research-and-development' position that will help build our long term strategic capability of evaluating and underwriting longevity risk in support of the Pension Risk Transfer business.  The position will be located in Woodbridge, NJ.
 
PRIMARY RESPONSIBILITIES:                       
 
The Director, Actuarial -- Pension Longevity Risk Modeling reports to the Vice President, P&SS Quantitative Modeling and participates on the P&SS Longevity Underwriting team. The primary responsibilities of the position are:
 
Build out Prudential Retirement's longevity modeling and underwriting toolkits in partnership with longevity underwriting, pricing, actuarial, and quantitative modeling teams.

• Develop proprietary predictive models to underwrite longevity risk for a given population of lives.


• Enhance modeling and evaluation of mortality improvement trends. 


• Refine stochastic mortality modeling capabilities for utilization in pricing, reserves, and capital evaluation.


• Assess and leverage internal and external data sources via quantitative modeling to develop predictive modeling framework and modeling toolkit.


• Facilitate and participate in evaluation of external consultants and toolkits for modeling and data-mining capabilities

 Participate and support PFI enterprise evaluation of longevity & mortality risk netting. 

• Partner to develop and implement tangible benefits of corporate-wide netting within P&SS businesses.


• Leverage corporate-wide modeling and analytics to improve methodologies, assumptions, and modeling of longevity risk for P&SS markets

 

• Bachelor's Degree required
• Strong quantitative modeling skills
• Experience with mortality and/or longevity risks and insurance products (ideally within annuity and/or pension space)
• Ability to convey sense of urgency and to work productively with internal and corporate business partners (product, actuarial, finance, treasurers)
• Strong project management skills
• Collaborative and team-oriented leadership style
• Strong presentation and communication skills
• FSA required;  10+ years of business / actuarial experience