Actuarial Associate Job Listing at Prudential in Newark, NJ

Insurance, Finance

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.
The area uses actuarial models to forecast income statement, balance sheet, and required equity information each quarter for the individual annuity business unit. Projections are done on a Statutory, GAAP, and Tax basis.  The associate will be responsible for projecting cash flows and liabilities, and analyzing financial results for reasonability.  The position will also support management requests outside of the quarterly forecasting process.

• Strong quantitative and analytical skills.
• Experience with actuarial projection software is a plus (ALFA is desired)
• Experienced user of MS Excel and MS Word.  MS ACCESS experience a plus.
• Strong written and verbal communication skills.  
• Experience in GAAP reporting or Statutory valuation is a plus.
• Must be willing to quickly develop in-depth knowledge of current annuity portfolio product designs and optional benefit features.  Prior annuity experience is a plus.
• Actuarial credentials - 2 to 4 exams desired.
• This position requires an individual with strong analytical and actuarial modeling skills to fill an important role on the Capital and Earnings Analysis team.
• This position requires a detail-oriented and very organized individual. The associate will be heavily involved with the forecasting process for individual annuities, and will be subject to very tight time frames.
•  Overtime may be required for peak reporting periods, which typically last for about two weeks during each quarterly forecasting cycle.