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Associate Actuary

Prudential


Location:
Hartford, CT
Date:
04/21/2017
Job Code:
384798
Prudential
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Job Details

Position Title: Associate Actuary
Job Code: 384798
Job Location: Connecticut-Hartford
Description:

 

http://video.digi-me.com/digime/jobs/Insurance/Prudential/Associate Actuary/ZP0002

Position Summary

Prudential Retirement is an industry leader in Stable Value, Pension Risk Transfer, Structured Settlements, and Total Retirement Solutions businesses. This position will offer pricing and product development responsibility for innovative retirement products. Working closely with other members of the retirement actuarial pricing team the role will also require collaboration with other functional areas and business partners such as Finance, Product, Sales & Distribution, and Corporate Actuarial.
 
This position will require the associate to drive innovation and solve problems by leading and influencing others through business challenges and obstacles. The associate should possess strong problem solving, mathematical, and analytical skills. In addition, the associate will collaborate with many internal partners. It is critical that the candidate has strong leadership, communication, and interpersonal skills.
 
This position will be based out of Hartford, CT.
 

Job Responsibilities

 

Support the pricing and financial analysis of innovative new product initiatives

 

Development of assumptions and pricing models for new products

 

Partner with domestic and potentially international businesses in developing new product concepts and retirement income solutions

 
Influencing product design, contract design, and risk management
 

Potential to support Total Retirement Solutions R&D activity

 

Potential to support Stable Value pricing and product development initiatives

 

Support periodic review of assumptions for use in pricing and the setting of required capital. Present recommendations and results of sensitivity tests to upper management, and communicate results with various stakeholders.

 

Assist in the development of documentation of operational rules, guidelines, and controls for the pricing and risk management of new products.


Qualifications and Experience

B.S./B.A. required
 
Associate of the Society of Actuaries designation (ASA) preferred, with 3 years of actuarial experience
 
Strong Microsoft Excel and VBA programming skills
 
Good research skills; ability to gather and distill information from internal and external sources in order to develop market insights, pricing assumptions and methodologies
 
At least 1 year of quantitative experience with insurance, annuity, retirement or investment products
 
Knowledge of economics and corporate finance preferred
 
Strong background in STAT or GAAP or experience with asset-liability modeling for Loss Recognition Testing or Asset Adequacy Testing is a plus
 
Experience with Capital, Tax, or Forecasting is a plus

Personal Qualities

Ability to handle multiple projects and work independently
 
Can communicate clearly both orally and in writing; able to explain technical issues in a manner appropriate to the audience
           
Strong quantitative and analytical skills, including ability to solve complex problems
 
Self-motivated and driven to achieve tangible results
 
Effective at influencing others; ability to collaborate with a diversity of personalities and skill sets across actuarial teams and other functions of the business

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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