1+ months

Associate - MOD00056

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

EMPLOYER:       The Prudential Insurance Company of America

TITLE:              Associate
LOCATION:       Newark, NJ

DUTIES:           Member of the ALM Strategy and Analytics team under Chief Investment Officer. Prepare models, review specifications, and analyze option costs for annuity business including variable annuity and fixed indexed annuity in the dynamic capital market environment. Perform asset liability management related to the hedged liability, capital projections, liquidity stressed testing, hedging strategy analysis and refinement of an enterprise-wide capital framework. Responsible for annual economic assumptions development and implementation processes. Perform and analyze risk neutral and real-world valuations for variable annuity from multiple perspectives, fine tune liability attribution analysis, and collaborate with various business functions to support finanical reporting, profitability management, risk management as well as new business initiatives. EOE


REQTS:             Bachelors degree or foreign equivalent in Economics, Mathematics, or a related field plus two (2) years of experience in the position offered or as a Senior Actuarial Associate, or a related position. Must have two (2) years of financial modeling experience with all of the following: Variable Annuity product knowledge; capital market hedging knowledge; valuation and reporting frameworks under Statutory, GAAP and economic views; Real world and Risk Neutral economic scenario generation; financial derivatives modeling; asset liability management methodologies; Excel VBA; MatLab; and insurance assumptions.


HOURS:            Full time; Mon- Fri (37.5 hrs/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.
Job Posting:@false


Posted: 2020-03-25 Expires: 2020-12-25

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Associate - MOD00056

Newark, NJ

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