Director, Actuary (Model Development & Software Development)

Job Classification:

Actuarial - Actuarial

This role will support Global Capabilities to design, develop, test, and deliver actuarial modeling solutions. We support numerous use-cases for these modeling solutions, including Valuation, Pricing, Forecasting, and Capital Optimization. Our team is collaborating with several cross-functional teams to stand up a new modeling platform as a key part of the Financial Management organization’s broader transformational effort. The initial focus will be on building a more efficient forecasting process to support individual business units, eventually expanding to supporting the enterprise.

What you can expect:
Support the build and re-design of a forecast process:
• Reduce reliance on manual interventions and cross-team dependencies
• Enable ad-hoc forecasting capability to any customer/consumer
• Enhance forecast reporting to enable capital planning decisions
• Ensure solutions meet model governance standards and best practices

Implement solutions in an end-to-end architecture (Eureka! platform):
• Design and develop data transformation processes, workflow automation, post-model calculations, and results analysis tools using Python code
• Evaluate and recommend actuarial methodology, simplifications, and approximations
• Develop within a CI/CD framework to ensure scalability and future changes
• Coordinate frequent releases to enable value delivery

Collaborate with business and technology partners to implement scalable architecture:
• Test end-to-end capabilities to ensure coverage internal reporting needs, including sensitivity and attribution runs
• Extend the platform to cover new use-cases and capabilities
• Identify business needs, propose solutions, and define execution plans
• Solutions are transparently documented

What you’ll need:
• Bachelor’s Degree
• ASA or higher actuarial credentials
• 3+ years of experience in actuarial work (valuation, forecasting, capital management)
• 3+ years of experience with actuarial regulatory frameworks (US Statutory, US GAAP, Bermuda)
• Experience with software engineering or constructing/evaluating actuarial models
• Familiarity with agile methodologies and eagerness to partner with stakeholders

It’d be a plus if you had:
• Understanding of asset and liability management processes and models
• Knowledge of US insurance financial reporting and regulatory framework
• Open to remote/virtual location

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:

• 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
• Retirement plans:
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, 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.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $160,700.00 to $217,300.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or 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.