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Associate Actuary (Pension Risk Transfer Modeling Team)

Prudential


Location:
Newark, NJ
Date:
11/17/2017
2017-11-172017-12-16
Job Code:
437358
Prudential
Apply on the Company Site
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Job Details

Position Title: Associate Actuary (Pension Risk Transfer Modeling Team)
Job Code: 437358
Job Location: New Jersey-Newark
Description: http://video.digi-me.com/digime/jobs/Accounting/Prudential/Associate Actuary/ZP0018

Associate Actuary - Pension Risk Transfer (PRT) Funded Modeling Team
 
Prudential Financial, Inc. 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. For more information, please visit www.prudential.com.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit http://www.prudential.com/retire/. 
The Associate Actuary, Pension Risk Transfer (PRT) Funded Modeling Team, is an open position that plays a key role in the development of modeling platform and infrastructure of Prudential’s rapidly growing PRT Funded Business. In this role, you will closely collaborate with PRT Pricing Transaction and Research & Development (R&D) teams on financial modeling efforts for pricing, special projects and R&D initiatives.
 
Primary responsibilities include:
  • Support financial modeling and analytics for PRT funded pricing and reinsurance transaction platform.
  • Develop and enhance actuarial models used for cash flow production and policyholder behavior, Statutory and GAAP reserves, asset liability management, and financial projections.
  • Collaborate with PRT Pricing Global Methodology & Assumptions (GMA) team and Research & Development (R&D) team and Global Portfolio Management (GPM) team on User Acceptance Testing efforts.
  • Provide accurate and insightful model validation to facilitate confident decision-making and to achieve business goals.
  • Implement efficient and robust pricing processes and ensure compliance with Model Risk Policies and End User Controls.
  • Be an active participant in Prudential’s actuarial community


 
  • Bachelor Degree in a quantitative or financial field such as Actuarial Science, Finance, Computer Science, Mathematics, Statistics, Economics, etc.
  • 3-7 years of strong actuarial experience (financial modeling, product development, pricing, valuation, GAAP/Stat reporting, asset-adequacy testing, asset/investment/hedging/risk modeling, etc)
  • ASA preferred.
  • Other risk/investment professional designations such as CFA, CERA, FRM or advanced degrees are not required but would be welcomed.
  • Good technical skills and ability to understand complex quantitative concepts and models.
  • Strong programming skills including Excel VBA (required), C , C# (preferred).
  • Good communication skills, particularly in presenting results to audience of diversified backgrounds.
  • Strong project management skills and ability to juggle multiple urgent priorities.
  • Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
  • Fast learner and a strong team player.
Actuarial exam support provided.

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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