Job Classification:
Actuarial - Actuarial

Job Title: Head of Group Insurance Pricing and Assumptions

Location: Newark, New Jersey, Portland, Maine, Ft. Washington, PA, Scottsdale, AZ. This position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business in one of Group Insurance's office locations. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

Company Overview: Prudential Financial is a global leader in the insurance industry, committed to providing innovative and comprehensive insurance solutions to businesses and individuals. With a strong foundation of excellence, customer-centricity, and a focus on financial well-being, we are dedicated to making a positive impact on the lives of our customers. We are currently seeking an accomplished Head of Pricing and Assumptions to lead our team.

Role Overview: As the Head of Group Insurance Pricing and Assumptions at Prudential Financial, you will be responsible for setting and overseeing the pricing strategies and assumptions that underlie the development of our insurance products. This pivotal role requires a seasoned professional with a deep understanding of pricing methodologies, risk assessment, and a proven track record of strategic leadership.

What you can expect:

Key Responsibilities:

• Lead a team of finance and actuarial professionals providing guidance, mentorship, and development
• Pricing Strategy: Develop and implement effective pricing strategies for a diverse range of products, aligning them with market trends and business objectives. Analyze market conditions, competitor pricing, and emerging trends to inform pricing decisions
• Collaborate with Underwriting, Distribution and Product: Work closely with colleagues to transform strategy into results
• Product Development Support: Provide expertise and recommendations during the development of new insurance products, ensuring they are priced competitively and profitably.
• Regulatory Compliance and Risk Management: Ensure that pricing strategies and assumptions comply with regulatory requirements and industry standards. Conduct thorough risk assessments to ensure that pricing strategies adequately account for potential losses and uncertainties.

What you'll need:

• Excellent leadership, team building, and communication skills.
• Proficient in software and analytical tools relevant to the work
• Adaptability flexibility in times of change and transformation
• FSA or ASA designation preferred.
• Experience in insurance pricing, with a focus on strategic pricing and assumption setting.
• Knowledge of regulatory requirements and industry best practices in insurance pricing.

If you are an accomplished leader with a passion for strategic pricing and assumptions in the insurance industry, we invite you to join our dynamic team at Prudential Financial. Apply now to be a part of our exciting journey!

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 including 1:1 Career advice, on demand resources and networking to propel your career forward.

We're a global organization, full of outstandingly dedicated people who aren't 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 pension plan
• Wellness Programs to help you achieve your wellbeing goals, including 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.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• 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.

To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $201,900.00 to $273,100.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential 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.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.