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Position: Associate Actuary, Pension Risk Transfer Pricing
Institution: Prudential Financial, Inc.
Location: Newark, New Jersey, United States
Duties: Lead financial modeling and pricing execution for US Funded PRT transactions; Collaborate with highly motivated and talented quantitative professionals to develop creative solutions and help achieve aggressive business growth goals; Identify and execute on planned process improvements and transformation initiatives by using Python, VBA, SQL and other emerging technology to automate and standardize processes; Partner with Modeling and Assumptions teams to test enhancements to actuarial models used for cash flow production, Statutory and GAAP reserves, and policyholder behavior; Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in PRT 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
Requirements: College Degree (BA/BS) required. Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields is preferred; ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, asset-adequacy testing, asset/investment/hedging/risk modeling, etc); Strong background in pensions strongly preferred: E.A. preferred but not required; Working knowledge of VBA, Python strongly preferred. Knowledge of other coding languages is not required but would be welcomed; Superior technical skills and ability to understand complex quantitative concepts and models; Investment or ALM experience are helpful
   
Text: My Applications Skip to main content Associate Actuary, Pension Risk Transfer Pricing Prudential Prudential Tower, 655 Broad Street, Newark, NJ • Newark, NJ, USA ID: R-103129 Job Beschreibung The Associate Actuary, Pricing - Pension Risk Transfer (PRT) Team, is a position that plays a key role in the overall pricing execution and infrastructure development of Prudential’s PRT Business. Primary responsibilities include: Lead financial modeling and pricing execution for US Funded PRT transactions. Collaborate with highly motivated and talented quantitative professionals to develop creative solutions and help achieve aggressive business growth goals. Identify and execute on planned process improvements and transformation initiatives by using Python, VBA, SQL and other emerging technology to automate and standardize processes. Partner with Modeling and Assumptions teams to test enhancements to actuarial models used for cash flow production, Statutory and GAAP reserves, and policyholder behavior. Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in PRT 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 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 Controls. Be an active participant in Prudential’s actuarial community *Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident. Salary range specific to Colorado: $98,000 to $139,200 + discretionary incentive bonus + benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement. Requirements: College Degree (BA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields is preferred. ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, asset-adequacy testing, asset/investment/hedging/risk modeling, etc). Strong background in pensions strongly preferred: E.A. preferred but not required. Working knowledge of VBA, Python strongly preferred. Knowledge of other coding languages is not required but would be welcomed. Superior technical skills and ability to understand complex quantitative concepts and models. Investment or ALM experience are helpful. Strong communication skills, particularly in presenting results to senior executives. Strong project management skills and ability to juggle multiple urgent priorities. Creative problem-solver, particularly in areas with very little clarity or precedence. Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed. Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards. Fast learner and ability to work in a multi-functional team environment. Actuarial exam support provided. - 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: 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. 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. 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Prudential, the Prudential logo, the Rock Symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. 'Prudential Advisors' is a brand name of The Prudential Insurance Company of America and its subsidiaries. Warning: Misuse of Prudential name in fraud schemes. Unterstützt von eightfold.ai #WhatsNextForYou
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