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Associate Actuary, Pricing - PRT Longevity Team

Prudential


Location:
Newark, NJ
Date:
12/12/2017
2017-12-122018-01-10
Job Code:
436798
Prudential
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Job Details

Position Title: Associate Actuary, Pricing - PRT Longevity Team
Job Code: 436798
Job Location: New Jersey-Newark
Description:
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, Pricing – PRT Longevity Team, is an open position that plays a key role in the overall pricing execution and infrastructure development of Prudential’s rapidly growing PRT Longevity Reinsurance Business.This is a new position on the pricing team within our Pension Risk Transfer area.
 
Primary responsibilities include:
  • Lead financial modeling and pricing execution for unfunded PRT transactions.
  • Supervise highly motivated and talented quantitative professionals to achieve aggressive business growth goals.
  • Develop and enhance actuarial models used for cash flow production, Statutory and GAAP reserves, and policyholder behavior.
  • Analyze mortality and demographic assumptions for pension liabilities.
  • Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
  • Collaborate with business and corporate leaders to determine and implement optimal pricing strategies that balance competitiveness and profitability while ensuring compliance with Enterprise Pricing Standards.
  • Support internal efforts to secure necessary approvals both from Prudential Retirement’s leaders and other governing bodies across the Prudential Enterprise.
  • 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 
 
 
 
 

 
  • ASA with 3-5 years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, asset-adequacy testing, asset/investment/hedging/risk modeling, etc).
  • Superior technical skills and ability to understand complex quantitative concepts and models.
  • Investment or ALM experience would be a big plus.
  • VBA experience is preferred.
  • Good communication skills, particularly in presenting results to senior executives.
  • Strong project management skills and ability to juggle multiple urgent priorities.
  • Creative problem-solver, particularly in areas with very little clarity or precedence.
  • Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed.
  • Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
  • Fast learner and ability to work in a multi-functional team environment.
* 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
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