Associate Actuary – Retirement Strategies

Associate Actuary – Retirement Strategies

Requirements

• College Degree (BA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields is preferred.
• ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, asset-adequacy testing, asset/investment/hedging/risk modeling, etc).
• Strong background in pensions strongly preferred: E.A. preferred but not required.
• Working knowledge of VBA, Python strongly preferred. Knowledge of other coding languages is not required but would be welcomed.
• Superior technical skills and ability to understand complex quantitative concepts and models.
• Strong communication skills, particularly in presenting results to senior executives.
• Strong project management skills and ability to juggle multiple urgent priorities.
• Creative problem-solver, particularly in areas with very little clarity or precedence.
• Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
• Fast learner and ability to work in a multi-functional team environment.

Responsibilities

• Lead financial modeling and pricing execution for US Funded PRT transactions.
• Collaborate with highly motivated and talented quantitative professionals to develop creative solutions and help achieve aggressive business growth goals.
• Identify and execute on planned process improvements and transformation initiatives by using Python, VBA, SQL and other emerging technology to automate and standardize processes.
• Partner with Modeling and Assumptions teams to test enhancements to actuarial models used for cash flow production, Statutory and GAAP reserves, and policyholder behavior.
• Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in PRT transactions.
• Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
• Collaborate with business and corporate leaders to determine and implement optimal pricing strategies that balance competitiveness and profitability while ensuring compliance with Enterprise Pricing Standards.
• Support internal efforts to secure necessary approvals from Prudential Retirement’s leaders and other governing bodies across the Prudential Enterprise.
• Implement efficient and robust pricing processes and ensure compliance with Model Risk Policies and End User Controls.
• Be an active participant in Prudential’s actuarial community.

Preferred Qualifications

• Investment or ALM experience are helpful.
• Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed.