Posted in Science 30+ days ago.
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Location: Newark, New Jersey
With our purpose of making lives better by solving the financial challenges of our changing world, Prudential Financial has helped individual and institutional customers grow and protect their wealth for more than 140 years. With operations in the United States, Asia, Europe and Latin America, we provide customers with a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management and real estate services.
Enterprise Valuation - Initiative team is seeking a motivated individual, who will actively contribute to the enterprise initiatives related to the GAAP/Statutory valuation, financial reporting, and emerging regulatory standard development (e.g. FASB Targeted Improvements, and IAIS Risk-Based Global Insurance Capital Standard). The associate will play a key role in achieving the team objective to provide actuarial leadership and influence on emerging regulatory framework development and implementation, through cross functional collaboration with business unit actuaries, corporate oversight actuaries, business unit finance, corporate finance, modeling center of excellence, and other relevant business partners.
Support the enterprise level response to emerging Regulatory Standard development (e.g. IAIS Field Test for Global Risk-based Insurance Capital Standard)
•Support enterprise initiatives in developing guidance for emerging GAAP/STAT valuation and reporting initiatives, such as U.S. FASB Targeted Improvements and VA STAT Reform
•Prepare and present analysis, results and presentation decks for management
•Perform review analysis for reasonability of business unit submissions, including reconciliation to source
•Partner with colleagues across multiple business groups and corporate areas to provide cross-business unit valuation insights and expertise on financial reporting, regulatory issues, and in force and new business initiatives.
•Provide project management support from the Actuarial SME perspective, by preparing meeting materials, documenting meeting minutes, and following up on any open items.
•Must have ASA; preferably FSA or near FSA
•4+ years of strong actuarial experience, preferably with GAAP/STAT valuation/reporting
•Strong quantitative and analytical skills
•Strong oral and written communication skills, ability to tailor messages to a variety of audience
•Ability to partner effectively with colleagues across multiple business groups and corporate areas
•Highly motivated, conceptual thinker, creative problem solver and ability to thrive in a fast-paced, results-oriented environment
•Strong Microsoft Office skills required (Excel, Word, PowerPoint). Experience with actuarial modeling software is a plus, such as MG-ALFA, GGY-AXIS, Polysystems
• Srong organizational skills and being transparent on prioritizing multiple workstreams