Director, Actuary #ENT0009G

The Prudential Insurance Company of America   Newark, NJ   Full-time     Administration / Clerical
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Posted on March 22, 2020

Director, Actuary (The Prudential Insurance Company of America - Newark, NJ - Full Time): 

Duties: Maintain and modify all financial analytic models in use. Oversee research activities within Model Development Life Cycle (MDLC) framework. Devise and apply independent models and tools to help verify results of analytical systems. Partner with model users and other stakeholders to formulate requirements to guide development of a best-in-class home-grown calculation engine and integrated valuation system in a flexible and scalable way. Build prototype models to illustrate concepts and guide calculation engine development. Support and suggest improvements to unit testing process. Define or recommend model specifications and data collection methods. Interpret results of financial analysis procedures. Utilize deep understanding of existing and emerging regulatory standards and guidelines to evaluate impact on valuation systems. Lead training of model users and other stakeholders. Prepare requirements documentation for use by software developers. Support calculation engine development. Collaborate in the development and testing of new analytical software to ensure compliance with user requirements, specifications, and scope.

Requirements: Bachelor’s degree or foreign equivalent in Business Administration, Actuarial Science, Mathematical Sciences, Statistics or a related field plus five (5) years of progressively responsible experience in the job offered, or as an Associate Actuary, Actuarial Analyst or a related position. Must also hold FSA designation. Must have five (5) years of progressively responsible experience with all of the following: Component and regression testing of actuarial models; Using Excel and VBA to create prototype models and model helper tools; Utilizing actuarial modeling systems and software including C# or MG-ALFA; Writing actuarial memos and explaining model changes or actuarial analyses to various stakeholders; Working on process improvement projects to improve model efficiency, model analysis, better share information and track project progress. Must also possess two (2) years of experience with all of the following: Working with model users and other stakeholders to drive development of business requirements and user acceptance testing efforts; Applying GAAP and Statutory Accounting principles, to assess impact on actuarial model development; Performing model development through a formal Model Development Life Cycle or similar framework; Building and enhancing models built with C# programming language; and object-oriented programming and design principles. Employer will accept any combination of education, experience and training.