10 days old

Longevity Risk Transfer (LRT) On-Boarding Specialist - PRT0008N

Moosic, PA 18507
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Primary Location United States-Pennsylvania-Moosic

Prudentials global Pension Risk Transfer (PRT) business is the worlds leading provider of pension risk transfer solutions, specializing in transactions in the US and longevity risk transfer globally. Prudential Retirement has positioned itself as a thought leader in this market focusing on the challenges faced by clients. Our team has completed the largest and most noteworthy pension risk transfer and longevity risk transfer transactions ever done. Prudential has been named Reinsurer of the Year by Risk Magazine.

The LRT On-Boarding Specialists create a smooth transition experience for new longevity clients, and interacts extensively with clients, intermediaries and internal LRT business partners.

The responsibilities for this role include:

  • Participate in pre-sale and path to close activities including reviewing legal documents to assess benefit structures and terms, client files, models, and samples to assess our processing capabilities
  • Identify challenges and risk for on-boarding and administering the terms of the contract, including recordkeeping system limitations, onerous tracking requirements, etc.
  • Participate in negotiation meetings and raise any concerns with unique plan provisions
  • Perform on-boarding activities for new transactions, including catching up the data experience to a current date
  • Process annual data reviews, including the true-up settlement payment to/from Pru
  • Develop a sophisticated transaction tools suite for accurate and efficient on-going administration through the life of the contract
  • Write procedures specific to the contract terms and any special processing
  • Work on special projects as needed

  • BS Degree or equivalent work experience
  • Advanced Excel skills
    • Developing macros and work with Visual Basics is a plus
  • Discretion to deal with confidential information
  • Keen attention to detail
  • Problem solving ability
  • Excellent written communication and presentation skills
  • Strong leadership skills with the ability to collaborate and influence across functional teams
  • Self-motivated and proactive
  • Flexible with the ability to work in a fast paced, dynamic environment

@!*!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: 2020-05-20 Expires: 2020-06-19
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Longevity Risk Transfer (LRT) On-Boarding Specialist - PRT0008N

Moosic, PA 18507

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