1+ months

Associate Actuary - MOD0005G

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

EMPLOYER:       The Prudential Insurance Company of America

TITLE:              Associate Actuary
LOCATION:       Newark, NJ

DUTIES:           Responsible for independent model reviews and testing of models. Responsible for research of relevant regulatory and model risk frameworks, underlying products, assumptions and methodologies. Design appropriate model review activities. Build independent challenger models and other analytical tools as needed. Perform model output analytics. Draw appropriate conclusions on items for review. Appropriately categorize review findings. Create a comprehensive model review report. Manage and serve as a resource for junior associates. Employ risk management strategies when evaluating models. Support internal efforts to continuously improve Model Risk Frameworks for Prudential. Develop and maintain model risk management frameworks. Assist and educate teams of all Prudential products on topics related to regulatory and model risk frameworks. Collaborate with business and corporate leaders to ensure that models are in compliance with Enterprise Risk Management Standards. Engage key business partners and corporate stakeholders in a large matrix organization. Develop and enhance analytics for better communication of results to management and stakeholders. Maintain adherence with appropriate corporate governance, controls, and documentation policies/procedures.



REQTS:             Bachelors degree or foreign equivalent in Actuarial Science or a related field plus four (4) years of experience in the position offered, Actuarial Associate, or a related position. Must have four (4) years of experience with: Model Development, Implementation and Validation including operating with actuarial and finance models; reviewing model documentation, process,  inputs, and outputs; Database development and maintenance; Liability and asset assumption setting, updating, and testing; Actuarial and financial forecasting including liability and gains/losses forecasting; Actuarial and financial valuation and reporting; AAT and statutory reporting including actuarial memos, statutory reserves, and state regulations; Insurance products including Term Life, Traditional Life, Universal Life, Guaranteed Life, Variable Universal Life, and Indexed Universal Life; Insurance products from different business units including Individual Life, Group Life, Disability and Long-term Care, Retirement, Annuity, and Closed Business; US and international Accounting standards including US Statutory and GAAP reporting; Performing modeling and model validation tasks with platforms including GGY AXIS; MG-ALFA; Prophet; and VBA.


HOURS:            Full time; Mon- Fri (37.5 hours/week)


APPLY:              Apply by clicking Apply below and following instructions to submit resume.

@!*!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: 2020-06-25 Expires: 2020-11-18
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Associate Actuary - MOD0005G

Newark, NJ

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

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