Actuarial Associate, Pricing & Product Development (Retirement)

Full Time | Newark, NEW JERSEY | 4 months
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Job Summary

Full Time
Newark
Prudential

$64,192 Average salary of similar jobs | Check Salary...

Job Description


Actuarial Associate, Pricing & Product Development (Retirement)-PRI00066

Description

  http://video.digi-me.com/digime/jobs/Accounting/Prudential/Associate Actuary/ZP0019
Prudential Financial, Inc. 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 company's 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 Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit http://www.prudential.com/retire/.
The Actuarial Associate, Pricing & Product Development, is a position on the pricing team within our Pension Risk Transfer area that plays a key role in the overall pricing execution and infrastructure development of Prudential’s rapidly growing PRT Funded Business.
 
Primary responsibilities include:
 

  • Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in Funded and Unfunded Pension Risk Transfer transactions.

  • Analyze block of in-force relative to expectations, and to help underwrite smaller transactions without experience data.

  • Assist in mining and scrubbing complex pension plan datasets.

  • Price complex Pension Risk Transfer deals involving the creation of cashflows and the interaction of reserves, liabilities and assets.

  • Work with a broad group of actuarial and business partners in a fast-paced, customer and deal-focused environment.


Qualifications

 
 

  • Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field (i.e. Engineering)

  • Minimum of one actuarial exam, two or more is a plus

  • Minimum of one actuarial internship strongly desired

  • Deep knowledge of Microsoft Excel

  • Knowledge of, or exposure to, VBA macros

  • Ability to understand complex quantitative concepts and models.

 Actuarial exam support provided.

 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 company's 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.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

 
Job Function
 Actuarial
Primary Location
 United States-New Jersey-Newark
Schedule
 Full-time

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