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Associate Actuary-Annuity Pricing

Prudential


Location:
Hartford, CT
Date:
06/23/2017
2017-06-232017-07-22
Job Code:
414798
Prudential
Apply on the Company Site
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Job Details

Position Title: Associate Actuary-Annuity Pricing
Job Code: 414798
Job Location: Connecticut-Hartford
Description:

The Individual Annuities line of business is one of the key strategic focuses for the enterprise.  This position will offer a lead pricing responsibility for select domestic annuity products. Working closely with other members of the annuity pricing team the role will also require interaction with other functional areas which may include Hedging, Valuation, Corporate Actuarial, Finance, Product, and other lines of business. This role will give the candidate exposure to all aspects of the annuity pricing process and provide a deep understanding of the profit & risk profile of annuities.

 

Specifically, this position will have the following accountabilities: 

  • Support the pricing of select domestic annuity new product initiatives.
  • Development of assumptions and pricing models for new and existing products
  • Partner with domestic and international businesses in developing new product concepts and retirement income solutions.
  • Participate in ongoing pricing processes such as rate setting, profitability reporting, forecasting, and assumption setting
  • Collaborate with Hedging, Valuation, Finance, Corporate Actuarial, and other business partners in creating solutions to complex problems.

  • B.S./ B.A. required
  • Associate of the Society of Actuaries designation (ASA) preferred, with 3 years of actuarial experience
  • Must be able to communicate technical information both orally and written to both technical and non-technical individuals
  • Strong quantitative and analytical skills, including an ability to solve complex problems
  • Strong Excel and VBA programming skills. Experience with other actuarial software a plus (MATLAB, GGY Axis, Access, etc)
  • Good research skills; ability to gather and distill information from internal and external sources in order to develop pricing assumptions and methodologies
  • Highly control-conscious mindset
  • Ability to effectively collaborate with business partners to jointly design products
  • Ability to handle multiple projects and work independently
  • Experience with fixed or variable annuity products a plus

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.
Job Function: Actuarial
Schedule: Full-time
Apply on the Company Site

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