Prudential Financial - Newark, NJ

posted 2 months ago

Full-time - Executive
Hybrid - Newark, NJ
Insurance Carriers and Related Activities

About the position

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! 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. As the Vice President of Actuarial Capabilities and Business Insight, your primary responsibility is to lead and manage a team of actuarial and business analysis professionals. You'll collaborate within the Group Insurance actuarial function as well as across Group Insurance Finance and Operational areas. In this role, the design and development of a future-focused data and reporting infrastructure will be foundational to delivering high-quality reporting and leading business insights. This leader will stay abreast of the latest technological developments in our sector, understand the impact of data and analytics on actuarial and business practices, and should be able to leverage these trends to maximize business performance. Key responsibilities include overseeing the development of accurate and reliable data sources, metrics, and reporting, acting as an advisor to the Group Insurance leadership by providing financial insights and recommendations for strategic decision-making, and ensuring effective utilization and management of data to maximize business performance. You will also lead the modernization of actuarial processes, understand the impact of modern tools and techniques, and provide technical leadership on complex projects relating to our actuarial process while working in a cross-functional environment. Collaboration with Data Science and Actuarial teams for the execution of advanced analytics strategy will be essential, as well as staying up-to-date on industry trends and advancements in actuarial science. Finally, you will manage and lead a team of actuarial and other staff, fostering a culture of continuous learning and development.

Responsibilities

  • Oversee the development of accurate and reliable data sources, metrics, and reporting.
  • Act as an advisor to the Group Insurance leadership, providing financial insights and recommendations for strategic decision-making.
  • Ensure effective utilization and management of data to maximize business performance.
  • Lead the modernization of actuarial processes, understanding the impact of modern tools and techniques.
  • Provide technical leadership on complex projects relating to the actuarial process while working in a cross-functional environment.
  • Collaborate closely with Data Science and Actuarial teams for the execution of advanced analytics strategy.
  • Stay up-to-date on industry trends and advancements in actuarial science.
  • Manage and lead a team of actuarial and other staff, fostering a culture of continuous learning and development.

Requirements

  • Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
  • Relevant professional certifications such as FSA or ASA.
  • Strong analytical skills and attention to detail.
  • Leadership abilities and experience in managing teams.
  • Strong actuarial background with extensive experience in data management and modernization efforts.

Benefits

  • Market competitive base salaries with yearly bonus potential at every level.
  • Medical, dental, vision, life insurance, and disability insurance.
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