Employment Type : Full-Time
TITLE : Associate Actuary (The Prudential Insurance Company of America) LOCATION: Newark, NJ DUTIES: Research and develop new products and product features. Analyze mortality and demographic assumptions for pension liabilities. Responsible for financial modeling and pricing execution for pension risk transfer transactions. Develop and enhance actuarial models used for cash flow production, Statutory and GAAP (Generally Accepted Accounting Principles) reserves, and policyholder behavior. Collaborate with the Asset Liability Management (ALM) group on investment assumption development and execution for pricing funded transactions. 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. The Prudential Insurance Company of America is EOE. REQTS : Must have a Bachelor's degree or foreign equivalent in Actuarial Science, Computer Science, or a related field plus three (3) years of experience in the job offered or as a Senior Actuarial Associate; Associate Manager, Actuarial; or a related position. Must have three (3) years of experience with: VBA; MATLAB; C++/C#; actuarial models used for liability projection; statutory and GAAP reserves; policyholder behavior and assumption study; longevity-underwriting; investment or Asset Liability Management (ALM); mortality and demographic assumptions for pension liabilities; and economic projection models. HOURS: Full-Time; Mon-Fri (37.5 hrs/week) APPLY: Apply by clicking “Apply” below and following instructions to submit resume. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. 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, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law. The Prudential Insurance Company of America, Newark, NJ and its affiliates. 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. PEOPLE WITH DISABILITIES: Please note that the above number and email are solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.