The Director, Actuary will report to the Model Steward actuarial centers of excellence (COE) lead. The individual will work closely with team members in the actuarial COE who are responsible for model development and maintenance of the domestic valuation and financial reporting models within Prudential. They may also work with model developers and testers who work on pricing and product development models in both worksite and individual solutions product lines.
Be viewed as the expert on model governance, process, and controls for actuarial models. Explain the significance and importance of these functions to users.
Speaks from experience about the best way to adhere to model governance policies, establish and improve processes, and meet model testing and documentation standards.
Actively engage with model developers and users to ensure effective integration of model governance, process, and controls in to the MDLC. Ensure that roles and responsibilities are clear and that all required phases are covered in project planning work.
Review documentation associated with model development to ensure compliance with model governance standards. This includes business requirements, technical specifications, test plans, testing results, documentation of testing, and model documentation.
Qualifications
Bachelor’s Degree
ASA or FSA encouraged
5+ years of relevant experience, including but not limited to actuarial model development, model governance, controls, or process improvement
Excellent verbal and written communication and presentation skills in both a group and individual setting
Highly organized, collaborative, creative, and adept at handling multiple, changing priorities. Willing to constantly re-evaluate priorities to determine value-add
Proven leadership skills, and ability to influence and change culture in the organization
The ability to think strategically with an entrepreneurial mindset
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