14 days old

Associate Actuary (ALM Analytics & Framework) - ACT000RM

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

Prudential Financial is a life insurance and asset management industry leader that provides innovative solutions to a variety of markets. This positions primary focus is Asset Liability Management (ALM) Methodology & Analytics Frameworks in the Actuarial Enterprise Capabilities team.  The associate will have the opportunity to partner with a variety of Financial Management partners to drive projects that have a significant financial impact potentially across multiple insurance businesses.

The team is looking for a creative problem solver who can develop quantitative and qualitative analysis to provide senior management insight into potential ALM actions including financial impacts.  The associate will not only apply technical ALM modeling skills, but also help develop and deliver presentations to drive work product & communicate results.

Job Responsibilities:


  Model and analyze investment strategies, in partnership with Chief Investment Office (CIO), across the Enterprises large general account and separate account portfolios with the goal of enhancing our management strategies to achieve financial objectives.

  Support investment modeling, methodology, and assumption development as it relates to actuarial valuation and projections with the goal of aligning actuarial modeling with Prudentials investment practice.


  Research capital management opportunities for both in-force and new business initiatives across the Enterprises insurance businesses.


  Build out R&D models and tools as needed for responsibilities listed above.

  Develop and communicate supporting presentation materials for all responsibilities listed above to Actuarial, Investments, Risk and Finance.










  2-4 years of strong actuarial, ALM, and/or investment modeling experience, preferably in an insurance company context.  ASA or close to FSA, with 4 years of actuarial experience preferred; CFA and/or FRM a plus.

Strong technical skills with ability to understand complex quantitative concepts & operate various modeling software, such as Moodys AXIS and MG-ALFA.

Ability to excel in an ambiguous environment without clearly defined steps, balance competing priorities, self-motivate, problem solve independently and collaborate across multiple financial management teams.

Developing U.S. GAAP & STAT insurance accounting framework knowledge.

Relevant experience with Life and/or Annuity products preferred.

Effective verbal & written communication skills, particularly in explaining technical challenges and writing documentation.

@!*!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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Posted: 2020-05-13 Expires: 2020-06-12
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Associate Actuary (ALM Analytics & Framework) - ACT000RM

Newark, NJ

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

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