Associate Actuary

3 weeks ago

Newark, United States Prudential Financial, Inc. Full time
Job Classification:
Actuarial - Actuarial

Associate Actuary (The Prudential Insurance Company of America, Newark, NJ):

Complete quarterly production tasks in a timely manner to support reporting of various GAAP balances (DAC, URR, SOP03-1, Cost of Reinsurance, Loss Recognition, and FAS133 Embedded Derivative), which may include review of inputs received from business partners, valuation system runs, and preparation of reports and analytics. Provide key support to non- production Valuation activities, including quantification of annual assumption updates, and periodic analysis of sensitivities. Analyze GAAP valuation results to enhance insights for management and stakeholders, leveraging available technology such as PowerBI, Python, and SQL, to link balance changes to underlying business drivers and forecast upcoming financial impact. Contribute to continuous improvement of business process enhancement initiatives and analytics. Work closely with Modeling Associates to perform user acceptance testing of enhancements to Individual Life Insurance (ILI) Valuation system and Liability Data Warehouse to ensure accuracy of amounts booked to ledger accounts and monthly attributions of GAAP balances.

Telecommuting permitted 100%. Candidate may reside and work anywhere in the U.S.

Full time employment, Monday - Friday, 40 hours per week.

MINIMUM REQUIREMENTS:

Bachelor's degree in Math, Statistics, Actuarial, Business Administration, or a related field, and 3 years of post-baccalaureate related work experience.

Of the required experience, must have 3 years of experience in each of the following:

  • Extracting and analyzing data using Power BI and SQL;
  • Actuarial modeling experience: PolySystems, MG-ALFA, Prophet, or Moody's AXIS; and
  • GAAP reporting.


Telecommuting permitted 100%.

Certification: Associate of the Society of Actuaries designation required.

TO APPLY: Please click "Apply Now" Button. Should you have any difficulty in applying for this position through our website, please contact Ramona.wallace@prudential.com for assistance in the application process.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential 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.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

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