[ Job Classification:
Actuarial - Actuarial

EMPLOYER:

The Prudential Insurance Company of America

TITLE:

Senior Actuarial Associate

LOCATION:

Newark, NJ

DUTIES:

Member of Deferred Annuity Statutory, Tax and Capital Valuation, which is responsible for reporting and analyzing the risks of the Annuities business. Focus on Variable Annuities capital requirements and statutory reserves. Clearly interpret results, perform attribution and sensitivity analysis, and contribute to high visibility projects. Perform problem solving and create solutions for ad-hoc requests. Perform reporting and analysis of the Statutory reserves and capital under Actuarial Guideline XLIII for variable annuities, using the stochastic cash flow model, and clearly defined hedging strategy. Model and analyze pro-forma impact of Statutory Reform based on Valuation Manual 21, by implementing changes to the Excel VBA based calculation model, and attribute layers of change to demonstrate impacts. Perform User Acceptance Testing on the GGY Axis Testware implementing changes of Statutory Reform on Actuarial Guideline XLIII, which involves statistical sampling and regression testing. Streamline reporting processes by converting the underlying tool from MS Access, which require various manual steps, to python, and runtime and improve process efficiency.

REQTS:

Must have a Bachelor's degree or foreign equivalent in Actuarial Science, Statistics, Finance, or a related field, plus three (3) years of experience in the position offered, as an Actuary, or related occupation. Must have at least three (3) years of experience with: VBA; MS Access/SQL; Proficiency in GGY Axis; Life insurance and annuities product; Performing actuarial reserve valuation and financial/capital reporting (under US GAAP and/or Statutory); Forecasting and projection of reserves and cashflows under various reporting law (US GAAP and Statutory); Performing attribution and sensitivity analysis on liability reserves by running GGY Axis, to understand the main driver of reserve movement; Stochastic model; Reinsurance transaction in run-off insurance portfolios; Hedging strategy for long-term insurance portfolios; Capital markets and investment products; Risk and capital modelling and Asset Liability Management (ALM); Preparing rating agency's (S&P, Fitch, Moody's and AM Best) survey with good understanding of factor-based capital; Performing various statistical analysis on large amounts of data, understanding underlying trends, and explaining to outside audiences; and extracting, manipulating, and summarizing data using programming language/statistical tools, such as python, and R. Must have passed at least three (3) actuarial exams for the Society of Actuaries credential.

HOURS:

Full-Time; Mon-Fri (40 hrs/week)

APPLY:

Apply by clicking "Apply" below and following instructions to submit resume.

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 email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance. ]