Accounting/Finance/Treasury/Tax - Newark (NJ), NJ Associate
About the position
EMPLOYER: The Prudential Insurance Company of America
DUTIES: Member of the ALM Strategy and Analytics team under Chief Investment Officer. Prepare models, review specifications, and analyze option costs for annuity business including variable annuity and fixed indexed annuity in the dynamic capital market environment. Perform asset liability management related to the hedged liability, capital projections, liquidity stressed testing, hedging strategy analysis and refinement of an enterprise-wide capital framework. Responsible for annual economic assumptions development and implementation processes. Perform and analyze risk neutral and real-world valuations for variable annuity from multiple perspectives, fine tune liability attribution analysis, and collaborate with various business functions to support finanical reporting, profitability management, risk management as well as new business initiatives. EOE
Qualifications
REQTS: Bachelor’s degree or foreign equivalent in Economics, Mathematics, or a related field plus two (2) years of experience in the position offered or as a Senior Actuarial Associate, or a related position. Must have two (2) years of financial modeling experience with all of the following: Variable Annuity product knowledge; capital market hedging knowledge; valuation and reporting frameworks under Statutory, GAAP and economic views; Real world and Risk Neutral economic scenario generation; financial derivatives modeling; asset liability management methodologies; Excel VBA; MatLab; and insurance assumptions.
HOURS: Full time; Mon- Fri (37.5 hrs/week)
APPLY: Apply by clicking “Apply” below and following instructions to submit resume.
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.