VP & Actuary, Corporate Development (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!

About Prudential Financial Inc

Prudential Financial, Inc. is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise, and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. For more information, please visit www.prudential.com.

Corporate Development

Prudential's Corporate Mergers & Acquisitions Group is responsible for the acquisition and divestiture activities across all of Prudential's businesses, including insurance and asset management, in the United States and abroad. Since its inception in the late 1990's, the group has closed more than 120 transactions with aggregate value in excess of $35 billion. The group is also responsible for sourcing acquisitions as well as various strategic analyses. The group reports directly to Prudential's Chief Financial Officer.

The Position

The position covers all M&A and inforce reinsurance block transactions across all of Prudential's domestic and international entities. The position will be devoted to the actuarial aspects of transactions, including deal modelling, due diligence, and deal management. This is a highly visible role collaborating with team members working across multiple stakeholder groups. The position reports to the VP and Actuary, Head of M&A Actuarial.

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.

• Deal Management
  
  
  • Independently lead transaction and actuarial due diligence, including reserve adequacy, product and pricing evaluations, determination of appropriate assumptions, reinsurance programs, taxation, evaluation of existing models, actuarial appraisals, etc.
  • Project management of actuarial workstreams, and coordination with broader deal teams.
  • Influence and motivate various stakeholders to achieve Prudential's goals while balancing relationships.
• Modelling
  
  
  • Provide subject matter expertise on Embedded Value and Actuarial Appraisal reports to cross-functional deal teams and senior leadership.
  • Ownership of the day-to-day actuarial deal modelling process, which is typically Excel based.
  • Independent development of valuation methods that feed into actuarial valuations.
  • Oversee work streams performed by external actuarial modelling consultants.
  • Engage with internal business unit actuarial, finance, and tax teams to validate modelling and its impacts.
• Communication
  
  
  • Work collaboratively & independently with various teams across Prudential and outside of the company.
  • Communicate key issues to fellow actuaries and other stakeholders.
  • Lead internal communication materials.
• Lead the production of quality work under time pressure.
• Occasional travel domestically and internationally.

• Bachelor's Degree required.
• Fully qualified actuary with FSA or related designation with 10+ years of experience required.
• Candidates with M&A transaction-related experience, reinsurance and or new initiative modelling experience at a consulting firm, insurance company, or investment bank.
• Strong leadership skills and the ability to manage stakeholders with differing goals.
• Strong hands-on financial modeling skills with various modelling platforms. Excel skills are key.
• Strong quantitative, problem solving and analytical skills under time pressure.
• Deep practical knowledge in some combination of the following areas:
  
  
  • US Statutory, US GAAP, Solvency II, IFRS & offshore accounting methods
  • Valuation methods for insurance companies across wide set of Individual Life & Retirement, Group, Accident and Health, and Pension products.
  • Major global insurance markets and regulatory frameworks.
• Proven track record of being creative, innovative, and execution focused, turning ideas into measurable meaningful results.
• Strong written and verbal communication.

• 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.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programsincluding 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.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• 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.