9 days old

Actuarial Associate (ALM Analytics & Framework) - ALM0008L

Newark, NJ
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Primary Location United States-New Jersey-Newark (NJ)

Prudential Financial is a life insurance & asset management industry leader that provides innovative solutions to a variety of markets. This positions primary focus is Economic Assumption & Methodology development, refinement, and process improvement as part of the Frameworks team in the Actuarial Enterprise Capabilities. In this role, the associate will drive projects that have a significant impact across Actuarial while interacting with a variety of Financial Management partners.

Job Responsibilities:

Gather & analyze data from both internal & external expertise and assist in the development of proposals for economic assumptions & methodologies across all domestic & international business units for a variety of end usages (GAAP, STAT, Pricing, etc.). Requires close collaboration within Actuarial and with other key Financial Management groups (Risk, Finance/Treasurers, Investments).

Perform the quarterly & annual production processes for GAAP & STAT valuation purposes related to economic scenario development, simplified investment modeling, and economic assumption maintenance.

Actively engage in process improvement initiatives related to economic assumptions & methodologies by employing a variety of technological and project management approaches.

Update and maintain databases that contain economic assumptions and scenarios supporting multiple end usages across domestic & international business units.

Support ad-hoc scenario requests, internal audit reviews, etc.


Actuarial and/or investment experience preferably in an insurance company context. Exposure to variable annuities business lines, economic scenarios development, and familiarity with GAAP & STAT reporting would be a plus.
Strong technical skills with programming experience in SQL, VBA, C , Python, etc.
Proficient data management & illustration abilities
Solid foundational verbal & written communication skills
Developing knowledge of ALM concepts
Progress towards ASA, at least 1-2 Actuarial exams required
Bachelors degree in Actuarial Science, Economics, Mathematics, Quantitative Finance, Computer Science, or a related field is required
Eagerness to learn

@!*!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 companys 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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Jobs Rated Reports for Actuary

Posted: 2020-03-26 Expires: 2020-04-25

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Actuarial Associate (ALM Analytics & Framework) - ALM0008L

Newark, NJ

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10th2018 - Actuary
Overall Rating: 10/220
Median Salary: $100,610

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