1+ months

Associate Actuary-Modeling Life - MOD00059

Newark, NJ
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Primary Location United States-New Jersey-Newark (NJ)

Prudential's Individual Life Insurance (ILI) business creates and distributes individual life insurance policies including variable life, term life, universal life, survivorship life and equity indexed life products. Today, as one of the leading life insurers in the United States, Prudential's Individual Life Insurance business continues that time-honored tradition of providing consumers and their beneficiaries the financial protection they need to surviveand thriveafter the death of a loved one.

Individual Life Insurance seeks talented applicants for the position of Associate Actuary in the Individual Life End to End Modeling team supporting the PolySystems calc engines.  The primary focus of this position will be to support the development and maintenance the US Statutory, tax reserve, and GAAP / DAC valuation.  Major responsibilities include the support of the following activities:

 Supporting the implementation of regulatory updates in the projection modules, including Targeted Improvements
 Supporting experience assumption updates into the valuation systems
 Working with business partners across the organization on new modeling initiatives
 Documenting any system changes / issues, testing plans and results and having necessary controls in place for the integrity of the results generated by the system.
 Supporting actuarial valuation related projects and working closely with other cross-functional teams such as valuation, pricing, modeling, experience study, external and internal auditors / regulators.
 Managing and developing other actuarial team members.


 ASA or close to FSA, with 4 years of actuarial experience preferred.
 Hands on experience with Statutory / GAAP financial reporting or actuarial modeling, and in-depth knowledge of traditional and interest sensitive life products is preferred.
 Prior experience with PolySystems or other actuarial and financial modeling software is a plus.
 Solid oral and written communication skills and be able to independently coordinate and collaborate with internal cross-function teams and external auditor / regulator.
 Highly motivated, and able to demonstrate leadership, initiative, and resourcefulness.
 Strong awareness of value and importance of controls 
 Strong computer skills (Excel, SQL, VBA, C )

@!*!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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Posted: 2020-06-01 Expires: 2020-07-30

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Associate Actuary-Modeling Life - MOD00059

Newark, NJ

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

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