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Regional Chief Actuary, International
Prudential Securities
Newark, NJ, United States
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Description
Reporting to the Chief Actuary, Prudential International (“PII”) Businesses, the Regional Chief Actuary EULA provides advice and guidance to the Local Actuarial teams on actuarial activities (including pricing and profitability reporting, financial reporting, assumptions, modeling, actuarial talent management and business development) to enable achievement of their goals and initiatives for country operations in Brazil, Mexico, AFPs in Chile/ Peru, eventually for our operations in Africa plus remaining work associated with planned divestitures in Europe. In addition to the regional chief actuarial role, this position will have functional responsibility for team members supporting Prudential’s international Product Pricing Oversight team. The Regional Chief Actuary EULA will work closely with the functional Regional management teams (such as Regional President, Finance, Marketing, Product) this role will contribute to setting the strategic direction and driving profitable growth of the region.
The team is expected to have two direct reports – one supporting the EULA region, other supporting Product Pricing Oversight for total team size of about 15 people. There will also be indirect reporting lines from the country chief actuaries to the Regional Chief Actuary.
The role will be based in the Prudential Global Headquarters located in Newark, NJ.
KEY ACCOUNTABILITIES
The successful candidate will have responsibility for:
◦ Ensure and advise on the application of Prudential Actuarial standards and best practices across countries are followed for core actuarial processes covering Product Pricing, Actuarial modeling and for US GAAP and statutory financial reporting.
◦ Advise and support acquisition/business development initiatives, new distribution channels and product lines.
◦ Look for opportunities to improve analysis and metrics available to the Regional President to facilitate better decision making. Actively participate in Quarterly Business Review (“QBR”) sessions within the region.
◦ Assist in on-boarding local Chief Actuaries, setting vision, strategy and objectives for his/her team
◦ Provide advice and guidance on strengthening their processes, collaboration and talent and their development, as needed
◦ Facilitate effective communication between the country and PII-Actuarial
# Facilitate regular communication mechanisms
# Coordinate and prioritize requests from PII-Actuarial and Corporate to the country
# Provide background and education on any PII-Newark or Corporate initiatives that require country actuarial support
# Perform periodic reviews to take deeper dives into actuarial matters to ensure best practices followed/ processes optimized,
◦ Bring in appropriate functional SMEs/resources to assist the country and coordinate the support on special projects, as needed.
◦ Manage a functional team that is responsible for Product Pricing Oversight that includes:
# Product pricing oversight teams that are responsible for ensuring financial integrity of pricing, compliance with standards, governance and approvals of new and revised products.
◦ Working to attract, align, retain and develop top talent that values organizational success working collaboratively to deliver on team goals and objectives.
Qualifications
• Senior Level Actuary with experience in pricing, actuarial modeling, valuation, assumption setting, financial reporting and M&A.
• Bachelor's Degree required and fully qualified actuary with FSA, FIA or related actuarial designation from other countries with 15-20+ years of experience required.
• Outstanding analytical, problem solving, presentation, collaboration, negotiation, and oral and written communication skills required.
• A strategic thinker, creative, innovative, and execution focused turning ideas into measurable meaningful results.
• Exceptional relationship building skills combined with a strong cultural awareness of different business environments.
• Knowledge and work experience in International markets, particularly for key Latin American markets.
• Travel required within U.S. and Internationally (variable but up to 15-20%).
• Spanish and or Portuguese language skills preferred.