Prudential

Associate Actuary/Manager, Actuarial-ALM Methodology & Analytics Frameworks

Posted on: 20 Jan 2021

Newark, NJ

Job Description

Prudential Financial is a life insurance & asset management industry leader that provides innovative solutions to a variety of markets. This positions primary focus is Economic Scenarios as part of the Actuarial Enterprise Capabilities area and specifically, the Asset Liability Management (ALM) Methodology & Analytics Frameworks team. This role provides an opportunity to engage and drive impacts for all the insurance businesses under the Prudential Financial umbrella.

Job Responsibilities:
Technical expertise on economic scenario usage for actuarial purposes across Enterprise (GAAP, STAT, economic, etc.) and driving/implementing changes where appropriate.
Maintain and enhance scenario generators, investment strategy tools, and related items that involve strong knowledge of Excel, VBA, Python, and C++
Lead development of enhancing current methods of economic scenario generation and calibration
Collaborate within Actuarial and across Financial Management areas (Chief Investment Office, Enterprise Risk Management, Treasury, etc.) on the above.
Ability to assist with other projects related to investment strategy, balance sheet management, etc. on ALM Methodology & Analytics Frameworks team as needed

Qualifications:

Superior technical skills in Excel, VBA, Python along with working knowledge of C++
Highly proficient knowledge of ESGs (Economic Scenario Generators) and their usage within financial industry context (preferably insurance)
Strong experience with proper model testing, developing controls, and documentation
Emerging knowledge of ALM concepts, capital markets, and GAAP & Statutory financial principles
Ability to prioritize, plan, and execute across multiple work efforts simultaneously in order to meet both production related items for GAAP and STAT reporting and drive new initiatives
Good verbal & written communication skills, particularly in presenting technical concepts and writing documentation
3+ years of financial services experience.

Preferred:

Actuarial, ALM, and/or investment modeling experience, preferably in an insurance company context
ASA and/or CFA (designation, or on track for designation)

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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 call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

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

Prudential

Newark, NJ

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

The U.S. Workplace Solutions division provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank-, and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee plans and affinity groups.The U.S. Individual Solutions division develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets; and individual variable, term, and universal life insurance products to the mass middle, mass affluent, and affluent markets in the United States.

The International Insurance division develops and distributes individual life insurance, retirement, and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries, as well as middle income and mass affluent markets. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

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