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Longevity Reinsurance Transfer (LRT) Processor

Prudential


Location:
Scranton, PA
Date:
05/26/2017
Job Code:
408558
Prudential
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Job Details

Position Title: Longevity Reinsurance Transfer (LRT) Processor
Job Code: 408558
Job Location: Pennsylvania-Scranton
Description:

This position is within PRT Client Services, located in Scranton PA. The Longevity Reinsurance Transfer (LRT) Processor role is in the New Business team.  The primary responsibilities involve processing counterpart and on-going files for the administration of the longevity reinsurance business, and includes:

  • Review all necessary documents available to understand the details of the contract, and request clarification where needed
  • Process monthly reconciliation's, involving downloading input files, running compares, reconciling, researching and resolving disputes
  • Process trace responsibilities in accordance with the frequency determined by the contract
  • Process annual data cleanses, including researching responses from the cedant
  • Escalate concerns (ex. new or unusual findings) appropriately
  • Participate in internal cedant meetings, facilitated by the relationship manager
  • Monitor the longevity mailbox, keeping other LRT Processors notified of applicable activities
  • Evaluate the longevity processes for efficiencies and determine best practices
  • Provide feedback to Technical Specialists regarding tools and transitioning longevity reinsurance transactions
  • Partner closely with Technical Specialists on various aspects of administering the contracts, and provide support where appropriate
  • Analyze risk and propose business solutions for the on-going administration of the longevity reinsurance business
  • Support audit and risk work
  • Work on special projects as needed

 


  • BS Degree or equivalent work experience
  • Strong Excel skills
  • Keen attention to detail
  • Problem solving ability
  • Effective verbal and written communication skills
  • Interpersonal skills and ability to foster relationships
  • Adhere to deadlines for contractual obligations
  • Ability to work independently as well as collaboratively as part of a team
  • Self-motivated and proactive
  • Discretion to deal with confidential information
  • Flexibility and ability to work in a fast paced and challenging environment

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: Other
Schedule: Full-time
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