Actuarial Associate, Pricing & Product Development 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 Actuarial Associate, Pricing & Product Development, is a position on the pricing team within our Pension Risk Transfer area that plays a key role in the overall pricing execution and infrastructure development of Prudential’s rapidly growing PRT Funded Business.
 
Primary responsibilities include:


  • Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in Funded and Unfunded Pension Risk Transfer transactions.

  • Analyze block of in-force relative to expectations, and to help underwrite smaller transactions without experience data.

  • Assist in mining and scrubbing complex pension plan datasets.

  • Price complex Pension Risk Transfer deals involving the creation of cashflows and the interaction of reserves, liabilities and assets.

  • Work with a broad group of actuarial and business partners in a fast-paced, customer and deal-focused environment.

 


  • Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field (i.e. Engineering)

  • Actuarial Exams are a plus

  • Deep knowledge of Microsoft Excel

  • Knowledge of, or exposure to, VBA macros

  • Ability to understand complex quantitative concepts and models.

  • Highly motivated, innovative, and creative problem solver and conceptual thinker

  • Superior technical skills and ability to understand complex quantitative concepts and models.


Actuarial exam support provided.