Associate Actuary Job Listing at Prudential in Newark, NJ

Insurance, Finance

The individual will be an integral part of the Individual Annuity Valuation team in the Actuarial unit of Prudential Annuities, which is responsible for reporting and analyzing the risks of the Annuities business. This position focuses on Variable Annuities. The individual's primary role will function on performing attribution and sensitivity analysis for Statutory Reserve and Capital amounts and being able to explain results.  This position also involves providing results for the quarterly capital forecasts.
 
Additional roles will include:

• Enhancing analytical tools and processes


• Updating annual VA-CARVM and RBC memos


• Working with members of other teams (e.g., Financial Modeling, Forecasting, Finance, Hedging) to achieve results


• Supporting ad-hoc requests


• Supporting annual surveys

 

• Strong quantitative and analytical skills
• Strong skills in MS Excel, MS Access, and MS Word
• Experience with VBA/SQL is a plus
• Strong written and verbal communication skills
• Experience with Principles Based Reserves/Capital is a plus
• Experience with Variable Annuities and/or Guaranteed Living & Death Benefits is a plus
• Actuarial credentials - ASA or FSA desired
• Bachelor's Degree required

 
Other Comments:
 
This position requires a detail-oriented and organized individual with strong computer and analytical skills.  In addition, the associate must understand the complexities of the individual annuity products and the calculations associated with them.