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:
- Professional actuarial designation FSA, FIA or equivalent required
- 7+ years of experience, including Group Insurance experience with product development, pricing, actuarial and financial projections.
- Excellent written and verbal communication skills to communicate financial decisions and case level experience to clients, profitability metrics, risks to senior leaders and key stakeholders.
- Collaborative and inclusive team player.
- Strong external focus with the ability to navigate internal teams and processes to deliver on objectives and goals.
- Strong quantitative and analytics skills.
- Data driven mindset with the ability to make decisions informed by reliable data and insights.
Prudential welcomes all applicants, even if you don’t meet every requirement. If your skills align with the role, we encourage you to apply.
