1+ months

Associate Actuary - ILI0002H

Prudential
Newark, NJ
  • Job Code
    599780
  • Jobs Rated
    10th
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:
Description
!*!

EMPLOYER:       The Prudential Insurance Company of America

 
TITLE:              Associate Actuary
 
LOCATION:       Newark, NJ
 

DUTIES:           Work as part of the Individual Life Actuarial Pricing team responsible for pricing and product design of individual life insurance products. Perform pricing assumption development and modeling of individual life products in AXIS software, peer review and assumption updates in the model, profitability analysis including sensitivity testing, regulatory compliance testing, product rate development and distribution, and development of actuarial materials for state filings. Participate in ad hoc risk analysis projects, model testing, and quarterly product profitability reporting. Responsible for maintaining and supporting pricing tools. Implementation of new reserving standards (e.g., PBR) into Pricing. Support modeling for quarterly reporting of the profitability of new business. Support development and prototyping of new products. Comply with the updated risk and control framework. Comply with reserving and tax standards. 



Qualifications
@!*!

REQTS:             Must have a Bachelors degree or foreign equivalent in Risk Management, Insurance, Mathematics or a related field. Must have three (3) years of experience in the offered position as an Associate Actuary, Senior Actuarial Associate, Actuarial Associate, or a related position. Must have three (3) years of experience with: Stochastic equity and interest rate modeling and analysis; Microsoft Excel including VBA; Profitability analysis including sensitivity testing, regulatory compliance testing, product rate development and distribution; US Statutory and GAAP financial reporting; Model governance and incorporation of development model and modeling process documentation; MG-ALFA modeling; and Communication of the analysis results to the management level with documentation, formal memos, and presentations.

 

HOURS:            Full time; Mon- Fri (37.5 hours/week)

 

APPLY:              Apply by clicking Apply below and following instructions to submit resume.




@!*!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: 2020-07-31 Expires: 2020-10-04

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Associate Actuary - ILI0002H

Prudential
Newark, NJ

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

Work Environment
Very Good
9/220
Stress
Low
76/220
Growth
Very Good
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