Director, Association Actuarial Pricing (Hybrid)

Job Classification :

Actuarial - Actuarial

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions!

For more than 140 years, Prudential Financial Inc. has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, and Latin America. We also have one of the most recognized and trusted brand symbols : The Rock®, an icon of strength, stability, expertise, and innovation.

The Director, Association Actuarial Pricing will primarily be responsible for working with product, pricing and financial underwriting teams promoting new product and pricing initiatives to continue the growth and maintain the profitability within Prudential Group Insurance's Association team with products, including Basic Life, Optional Life, Group Variable Universal Life, Accidental Death & Dismemberment, Short Term Disability, Long Term Disability, Critical Illness, Hospital Indemnity, Accident Insurance and Medical Stop Loss. Specific activities will include development of pricing methods, support for product development, case level pricing and underwriting consultation, and thought leadership for pricing and product strategies for associations, unions, credit unions and other non-employer-based groups.

The individual in this role will have to be a strong collaborator and relationship builder as this role interacts with Group Insurance Account Management, Association Sales, Finance and Actuarial, Group Insurance and Individual Life Product, Financial Underwriting, IT, Group Insurance Law, GUL / GVUL Customer Service, Medical Underwriting and Claims. This position will report to the Vice President & Actuary responsible for Association Actuarial Pricing.

The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect :

• This role is a key stakeholder in Prudential Group Insurance's strategy to grow premium from non-employer groups, working closely with Account Management, Association Sales, Financial Underwriting, Product, and Law partners.
• Submit actuarial memoranda for state filing to qualify non-employer groups and to extend previous rate filings to new contract forms
• Determining when to update and completing experience studies for our largest client as well as developing experience study methodology for other clients as experience is built over time.
• Advise management of the expected impacted to association groups of any Group Insurance assumption updates
• Drive process improvements and transformation of technology to gain efficiency and accuracy while working with other teams we partner with in Group Insurance
• Interpret up to 88 Group Long Term Care rerate state filings and provide technical guidance for the annual rate increase implementation
• Owner of GGY AXIS model for Group Life Insurance
• Annual review of Group Variable Universal Life prospectus for accuracy, completeness and not misleading
• Provide technical guidance in the development and / or enhancement of new products, including assumption development, understanding reserve and capital requirements, modeling, and pricing, etc.

What you'll need :

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.

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What we offer you :

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 $164,700.00 to $222,700.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

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.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

If you need an accommodation to complete the application process, please email [email protected].

If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.