1+ months

Longevity Risk Transfer (LRT) Processor - PRT0008A

Prudential
Moosic, PA 18507
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  • Job Code
    574644
Primary Location United States-Pennsylvania-Moosic
Job:Full-time
Travel:
Description
!*!

Prudential's global Pension Risk Transfer (PRT) business is the world's 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 though leader in this market focusing on the challenges faced by clients.  Our team has completed the largest and most noteworthy longevity risk transfer transaction ever done.  Prudential has been named "Reinsurer of the Year" by Risk Magazine in the past four years.

 

The Longevity Risk Transfer (LRT) Processor on the PRT Client Services, New Business team, handles the on-going administration of our LRT contracts.

 

The responsibilities for this role include:

  • Review all necessary documents available to understand the details of the contract, and request clarification where needed
  • Process monthly reconciliations, involving running compares, researching and resolving disputes
  • Process annual data reviews, including reviewing data changes, applying changes to the recordkeeping platform, and calculating true-up settlement payments
  • Perform tracing responsibilities
  • Forecast incoming and outgoing bank wires
  • Escalate concerns (ex. new or unusual findings) appropriately
  • Participate in internal and client meetings, facilitated by the Relationship Manager
  • Monitor the longevity mailboxes for processing work, keeping other LRT Processors notified of applicable activities
  • Partner closely with the LRT In Force Specialist team which supports the LRT Processing team
  • Analyze risk and propose business solutions for the on-going administration of the longevity reinsurance business
  • Support special projects/on-boarding tasks as needed 


Qualifications
@!*!
  • BS Degree or equivalent work experience
  • Intermediate Excel skills
  • Keen attention to detail
  • Problem solving ability
  • Effective verbal and written communication skills
  • Interpersonal skills and ability to foster relationships
  • Adherence to deadlines for contractual obligations
  • Ability to work independently as well as collaboratively as part of a team
  • Self-motivated and proactive
  • Discretion to deal with confidential information
  • Flexibility to work in a fast paced and challenging environment 
It also would be a plus if:
  • You were comfortable with V-look-ups, Macros, and pivot tables


@!*!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: 2020-02-11 Expires: 2020-04-02

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Longevity Risk Transfer (LRT) Processor - PRT0008A

Prudential
Moosic, PA 18507

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