Associate Actuary , Pricing - Pension Risk Transfer (PRT) Funded Team at Prudential

Posted in Science 8 days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Newark, New Jersey





Job Description:


The Associate Actuary, Pricing – PRT Funded Team, is a position that plays a key role in the overall pricing execution and infrastructure development of Prudential’s rapidly growing PRT Funded Business.
Primary responsibilities include:


  • Lead financial modeling and pricing execution for US Funded PRT transactions.

  • Supervise highly motivated and talented quantitative professionals to achieve aggressive business growth goals.

  • Develop, enhance, and maintain actuarial models used for cash flow production, Statutory and GAAP reserves, and policyholder behavior, partnering with the Modeling and Assumptions teams.

  • Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in Funded 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 both 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

 


  • 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).

  • 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.