1+ months

Associate Actuary (Enterprise Valuation & Projections) - ENT0009L

Prudential
Newark, NJ
  • Job Code
    588760
  • Jobs Rated
    10th
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:
Description
!*!

This position will be in the Enterprise Projections actuarial team. The individual will support asset/liability modeling for Retirement products (mainly Pension Risk Transfer, Structured Settlements, Guaranteed Investment Contracts, and Funding Agreements) using the Moodys AXIS platform.  Work will involve end to end modeling as well as analysis of projections to identify the drivers of results.

 

The candidate responsibilities include:


Generate asset/liability projections for multiple reporting and internal management purposes including: GAAP Loss Recognition testing, Asset Adequacy Testing, Forecasting, and Margin in Reserves / Capital Analysis


Assist in developing more robust analytics/attribution capabilities to validate results and explain period over period changes


Engage in projects to support business initiatives, new products, and modeling/methodology improvements


Perform annual assumption impact analysis and conduct sensitivity testing


Test and validate modeling changes and ensure reasonability of overall model results


Collaborate with many areas of the company such as Valuation, Modeling, Finance, Portfolio Management, Audit, etc


Maintain model documentation and ensure adequacy of model controls.


Timely and accurate delivery of results



Qualifications
@!*!

Experience with asset-liability modeling, cashflow testing, and/or experience in a related area (pricing, portfolio management, etc.) is preferred


Experience with actuarial modeling software (AXIS, ALFA, Prophet, etc) is preferred


Strong technical skills required to efficiently analyze large amounts of data (Excel, VBA, SQL, Power BI)


Strong quantitative and communication skills to quickly learn and apply complex modeling concepts and be able to communicate to both actuarial and non-actuarial business partners


Self-motivated individual with strong analytical and interpersonal skills


Knowledge of Retirement products, a plus


Knowledge of Investments (mainly Fixed Income assets and Derivatives) is preferred


Knowledge of GAAP Financial Statements, a plus


Professional designation (ASA/FSA, CERA, and/or CFA) or progress towards, is preferred



@!*!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 companys 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 is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Jobs Rated Reports for Actuary

Posted: 2020-05-12 Expires: 2020-07-10

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Associate Actuary (Enterprise Valuation & Projections) - ENT0009L

Prudential
Newark, NJ

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Actuary
10th2018 - Actuary
Overall Rating: 10/220
Median Salary: $100,610

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