Actuarial - Newark, NJ Associate Actuary (Annuities Valuation)

About the position

The individual will be an integral part of the Statutory and Tax Valuation team within the Individual Annuity Valuation area, which is responsible for reporting and analyzing the risks of the Annuities business. This position focuses on Variable Annuities. The primary objective of the role will be to perform key financial reporting responsibilities for Statutory and Tax reserves as well as Required Capital for the Annuities business. Some other key aspects of the individual's role will include performing attribution and sensitivity analysis for Statutory and Tax Reserve balances, clearly interpreting results, and being a key contributor in highly visible projects pertaining to financial reporting as well risk management of the business. This position will involve problem solving and creating solutions for ad-hoc requests. It is part of a dynamic team whose functions are critical to the success of the Individual Annuities business.

The individual’s responsibilities may include:

• Contributing to the quarterly/annual Annuities Statutory and Tax reporting and analysis deliverables

• Presenting results to management, business partners and Corporate Actuarial leaders

• Working closely with Annuities Finance and Corporate Actuarial for all Statutory reporting deliverables

• Collaborating with Actuarial Modeling team and IT area to implement improvements in GGY Axis valuation model and to update valuation processes for new assumptions, products, and methodologies

• Supporting annual rating agency surveys

• Addressing requests from various external functions –Risk Management, Treasurer, Hedging, Internal Audit, etc.

• Enhancing analytics tools and processes

• Ad hoc research

Qualifications

• Strong quantitative and analytical skills

• Strong verbal and written communication skills

• ASA or near ASA

• Proficiency in MS Excel and MS Access/SQL

• Programming experience in any language a plus

• Experience with Variable Annuities or Guaranteed Living Benefits a plus

• Experience with Principles Based Reserves and Capital a plus

• Bachelor's degree or higher in actuarial science, mathematics, or related quantitative fields

• At least 3 years of experience in relevant fields

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.

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