Associate Actuary Job Listing at Prudential in Newark, NJ

Insurance, Finance

The individual will be part of the Capital Market Hedging (CMH) team of Prudential Annuities, which is responsible for the analysis and updating of key liability measures for variable annuity (VA) capital market guarantees to facilitate the hedging of these risks. The unit plays an important role in the product development process for variable annuities by providing analysis and option costs for new variable annuity capital market guarantees being considered.
 
This position will serve in CMH team's capital sub-group, which is responsible for supporting quarterly capital projection and aiding in the development of capital analysis for VA living benefits.  This position will interact with various areas, including Treasury, Finance, and Pricing. This is an exciting opportunity for this position to have an influence on the development of the capital program. 
 

• 5+ years of actuarial experience
• Bachelor's degree is required
• Actuarial credentials - ASA is desired
• Advanced skills in model building using Access and Excel (VBA)
• Strong quantitative and analytical skills
• Creative problem solver
• Prior experience with TAS, MG-Hedge or similar actuarial modeling software would be helpful
• Prior variable annuity and/or hedging experience is desired
• Must be able to work equally well independently and in a team environment
• Must be willing to quickly develop in-depth knowledge of annuity product designs and optional benefit features as well as capital market instruments (options, swaps, futures, etc.) and hedging concepts