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Associate Actuary (International Insurance)


Newark, NJ
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Job Details

Position Title: Associate Actuary (International Insurance)
Job Code: 409658
Job Location: New Jersey-Newark

For more than 140 years, Prudential Financial, Inc. has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation. For more information, visit

Prudential International Insurance (PII) continues to be one of Prudential's fastest growing and most profitable business groups. PII has operations in eleven countries around the world (Japan, South Korea, Taiwan, India, China, Brazil, Argentina, Mexico, Poland, Italy, and Malaysia) and is looking to fill an Associate Actuary position in the Actuarial department in Newark, New Jersey. It is possible to work partialy in Ft Washing.

The individual will be a key member of the team responsible for U.S actuarial reporting and modeling for business reinsured into PICA from Japan and other country subsidiaries. The U.S. actuarial reporting functions include U.S. statutory and tax valuation, Asset Adequacy Testing (AAT), RBC C-3 Phase I, forecasting, and PICA stand-alone GAAP valuation. The business currently reinsured to PICA consists of U.S. dollar-denominated life insurance issued by two subsidiaries in Japan (Prudential of Japan and PGFL), and excess risk YRT assumed from various PII operations. The individual will participate in all of the reporting functions, by running models, analyzing results, and/or performing peer review. As the PII Asset Adequacy Testing models are undergoing Model Affirmation and Model Review this year under the company’s model risk management process, the individual will play a role in strengthening model documentation and performing model testing. The individual will also contribute to User Acceptance Testing of model enhancements performed by the PII Actuarial Modeling team.

Responsibilities include:
• Performing modeling and analysis in quarterly actuarial valuation and forecasting processes, for US statutory, tax, and PICA stand-alone GAAP
• Performing modeling and analysis in semi-annual Asset Adequacy Testing
• Participating in documentation efforts, as part of the Model Affirmation and Model Review exercise
• Performing User Acceptance Testing for several planned model enhancements to be performed by the PII Actuarial Modeling team
• Preparing presentation materials on AAT results for use in meetings with Corporate Actuarial
• Assisting in writing AAT and RBC C-3 Phase Memoranda
• Managing the team’s Model Audit Rule (MAR) control set implementation, including communication with PII Risk Management
• Communicating effectively with partners in PII Actuarial Modeling, PII Finance, Corporate Actuarial, and actuaries in PII local operations 

• Associate of the Society of Actuaries (ASA), Certified Enterprise Risk Analyst (CERA), or near-ASA.

• 3 years of actuarial work experience

• Valuation and modeling ability

• Experience with PolySystems, GGY or other actuarial software a plus

• Strong skills with Microsoft Office Excel and VBA. Access DB a plus

• Ability to interpret and explain actuarial modeling results, and communicate analyses to other actuaries and financial professionals

• Strong interpersonal and communication skills, including the ability to communicate effectively with associates in local PII operations

• Willingness to display flexibility and initiative, in order to fully contribute to PII objectives

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 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 for more information about doing business with Prudential.
Job Function: Actuarial
Schedule: Full-time
Apply on the Company Site

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