Associate Actuary (Retirement Insurance Risk Analytics)
Job Code: 396858
Job Location: Connecticut-Hartford
Prudential Retirement is an industry leader in Stable Value, Pension Risk Transfer, Structured Settlements, and Full Service businesses. The Associate Actuary will be responsible for reviewing and recommending assumptions for Pricing, Statutory and GAAP valuation, and AAT. The position is also involved in the ongoing development and production of insurance risk analytics. The position provides significant exposure to senior management.
Primary job responsibilities include:
•Conduct experience studies for non-mortality assumptions across all Retirement products
•Partner with Finance and the Business Unit in the development of unit costs for use in pricing and valuation
•Recommend assumptions (excluding mortality) for use in Statutory and GAAP valuations, AAT, and pricing for all Retirement products
•Establish assumptions for new product development
•Guide assumption recommendations through the governance and approval process including presentation to senior management
•Ensure that experience studies, assumption documentation and approvals are conducted in compliance with Company policies and standards
•Participate in enterprise-wide assumption groups in order to share and develop best practices
•Assist in the ongoing development and production of a risk analytics package that can be used by senior management to make informed risk management decisions
•Bachelor’s Degree required
•ASA or near-ASA preferred
•Four plus years of actuarial experience
•Assumption setting and experience studies background a plus.
•Experience with retirement products (or similar)
•Excellent communication, presentation skills and documentation skills
•Strong computer skills, including knowledge of Microsoft Excel, PowerPoint and Word
•Highly motivated and creative problem solver with strong quantitative and analytical skills
•Detail oriented with a focus on accuracy of results
•Work independently and also have strong interpersonal skills and ability to work collaboratively with business partners
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 email@example.com for more information about doing business with Prudential.
Job Function: Actuarial