Associate Manager, Actuarial Job Listing at Prudential in Newark, NJ

Insurance, Finance

The individual will be an integral part of the DAC Reporting team in the Actuarial Financial Reporting unit of Individual Life Insurance. DAC Reporting is responsible for the calculation and reporting of GAAP financial data, primarily the Deferred Acquisition Cost (DAC) asset and related policy reserves.
 
Primary Responsibilities include: 

• Calculation of monthly DAC balances and GAAP reserves using the Triton Valuation System


• Review of data supplied by external sources (Comptrollers and Systems)


• Prepare reports and analysis for area management. Review results for reasonability


• Reconciliation of results to Oracle ledger (via Representation Letter)


• PASS sign-off of Oracle asset and liability general ledger accounts


• Adherence to internal controls mandated by auditors, ensuring accuracy of financial reporting


• Acceptance testing of changes to Triton System tables, software, or input feeds


• Maintenance of procedure documentation

 

• Solid research, mathematical, and analytical skills required
• Strong Microsoft Excel skills required.  Knowledge of Microsoft Access and Visual Basic is a plus
• Familiarity with valuation systems (particularly Triton) is a plus
• Strong process and production control orientation and great attention to detail required
• Strong organizational skills and ability to work effectively in a team environment required
• Strong oral and written communication skills required
• Bachelor's degree required
• Actuarial experience is a plus 

Overtime may be required during monthly reporting periods.