Job Information
Prudential Ins Co of America Vice President & Actuary, Corporate Mergers & Acquisitions Group in Newark, New Jersey
Job Classification:
Actuarial - Actuarial
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
The executive will report to the VP and Actuary, Corporate M&A Actuarial head responsible for actuarial aspects of modelling and due diligence for acquisitions and divestitures of the enterprise This is a highly visible role collaborating with team members working across multiple stakeholder groups
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 visitwww.prudential.com.
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:
Prudentials Corporate Mergers & Acquisitions Group reports directly to Prudential's Chief Financial Officer and 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 70 transactions with aggregate value in excess of $15 billion. The group is also responsible for sourcing acquisitions as well as select strategic analyses.
Specifically, this executive will be devoted to actuarial aspects of transactions including modelling performed either externally with actuarial consultants or internally across Prudentials International and U.S. entities:
Day-to-day project management of actuarial aspects of project
Development of projections under local statutory, Purchase GAAP and US GAAP accounting frameworks.
Working closely with Corporate M&A department, development of company valuation including actuarial appraisals
Perform actuarial and related due diligence covering reserve adequacy, product and pricing evaluations, determination of appropriate assumptions, reinsurance programs, evaluation of existing models, actuarial appraisals
Manage external consultants as needed for valuation and due diligence
During inactive M&A periods, there may be work on special actuarial, initiatives and reinsurance transaction projects.
What youll need:
Bachelor's Degree required and fully qualified actuary with FSA, FIA or related designation with 12+ years of experience required.
M&A transaction-related experience, reinsurance and or new initiative modelling experience at a consulting firm, insurance company or investment bank.
Broad and detailed knowledge of various valuation methods for insurance companies, product pricing, modelling and Purchase GAAP and statutory reserve valuation methods across wide set of individual, Group, Accident and Health and pension products.
Strong knowledge of US Statutory, US GAAP, Solvency II and IFRS accounting methods.
Experience and knowledge of major global insurance markets preferred
Dedication to completing work thoroughly and on time under time pressure.
Strong hands on financial modeling skills with various modelling platforms and systems.
Proven track record of being a strategic thinker, creative, innovative, and execution focused turning ideas into measurable meaningful results
Strong written and verbal communication
Extensive experience and success in developing a collaboration, building relationships and influencing executive level leadership as well as securing broad organizational support across Business Partners, Corporate Functions (M&A department, Corporate Actuarial, Finance, Investments, ERM) and external advisors (consultants, Investment bankers)
Some travel required within U.S. and Internationally
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.
Were a global organization, full of outstandingly dedicated people who arent afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:
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
Retirement plans:
401(k) plan with company match (up to 4%)
Company-funded...