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Position: Senior Actuarial Associate
Institution: Prudential Financial, Inc.
Location: Newark, New Jersey, United States
Duties: Provide analysis and concise summary of pension plan provisions and proposed benefit structure as part of the presales process. Identify new or unusual risks as well as specific benefit and transaction features that present pricing, onboarding or implementation challenges. Review client Request for Quotations (RFQ) documents alongside the transaction lead and ensure that the Business, Underwriting, Pricing and Administration teams interpret these documents correctly and consistently. Analyze raw data files and run the transaction data query process for purposes of constructing a reinsurance transaction benefits model. Work with counterparty actuaries to reconcile pension benefit and cash flow modeling
Requirements: Must have a Bachelor’s degree or foreign equivalent in Actuarial Science, Mathematics, Statistics, Finance or a related field plus three (3) years of experience in the position offered, as a Financial Analyst, or a related position. Must have at least three (3) years of experience with each of the following: Utilizing programming languages including VBA and Python; utilizing complex quantitative concepts and models; presenting technical results to senior executives and non-technical audiences; collaborating with actuarial teams to model risk and serving as the subject matter expert for asset and insurance risk; working in third party valuation tools and understanding how they are used in valuating insurance and asset risk; and managing client and asset managers relationship to understand trends, risks and how to position portfolio and provide client and policy holder needs
   
Text: Senior Actuarial Associate Provide analysis and concise summary of pension plan provisions and proposed benefit structure as part of the presales process. Identify new or unusual risks as well as specific benefit and transaction features that present pricing, onboarding or implementation challenges. Review client Request for Quotations (RFQ) documents alongside the transaction lead and ensure that the Business, Underwriting, Pricing and Administration teams interpret these documents correctly and consistently. Analyze raw data files and run the transaction data query process for purposes of constructing a reinsurance transaction benefits model. Work with counterparty actuaries to reconcile pension benefit and cash flow modeling Must have a Bachelor’s degree or foreign equivalent in Actuarial Science, Mathematics, Statistics, Finance or a related field plus three (3) years of experience in the position offered, as a Financial Analyst, or a related position. Must have at least three (3) years of experience with each of the following: Utilizing programming languages including VBA and Python; utilizing complex quantitative concepts and models; presenting technical results to senior executives and non-technical audiences; collaborating with actuarial teams to model risk and serving as the subject matter expert for asset and insurance risk; working in third party valuation tools and understanding how they are used in valuating insurance and asset risk; and managing client and asset managers relationship to understand trends, risks and how to position portfolio and provide client and policy holder needs
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