With our purpose of making lives better by solving the financial challenges of our changing world, Prudential Financial has helped individual and institutional customers grow and protect their wealth for more than 140 years. With operations in the United States, Asia, Europe and Latin America, we provide customers with a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management and real estate services.
The Actuarial Strategy & Initiatives team is seeking a motivated individual who will actively contribute to the analysis, assessment and communication of cross-functional insights on ongoing and emerging actuarial initiatives and regulatory developments (e.g. FASB Targeted Improvements, IAIS Risk-Based Global Insurance Capital Standard, Value of new business).The associate will play a key role in achieving the team objectives through cross functional collaboration with business unit actuaries, corporate oversight actuaries, business unit finance, corporate finance, modeling/enterprise capabilities, and other relevant business partners.
Responsibilities:
Partner with Valuation and Accounting Policy team in developing enterprise policy guidance and insights for emerging regulatory and reporting initiatives (e.g., GAAP Targeted Improvements)
Lead the enterprise level response to emerging Regulatory Standard development (e.g. IAIS Field Test for Global Risk-based Insurance Capital Standard), participate industry discussion to advocate Prudential position, and work with SEC reporting and Investor Relation to develop the external communication strategy
Lead cross-functional efforts for emerging actuarial initiatives and develop the internal management reporting metrics to provide useful insight to management.
Partner with Modeling team to design the future state of the reporting infrastructure and process for valuation and forecasting.
Partner with Valuation team to perform results review under various reporting initiatives and identify the opportunities to refine the methodology and/or analytics/insights.
Qualifications:
Bachelors degree in Actuarial Science, Statistics, Mathematics, or similar majors
FSA with at least 5+ years of relevant actuarial experience, preferably with GAAP/STAT valuation and reporting in life insurance company context
Broad understanding and relevant experience with Life and/or Annuities products
Strong Microsoft Office skills required (Excel, Word, PowerPoint)
Strong quantitative and analytics skills, including the ability to understand the concepts and access situation in a timely manner.
Strong motivation and agility to thrive in a fast-paced, results-oriented environment with high quality standard
Strong collaboration and teamwork skills with open-mindedness and positive attitude
Strong communication skills, both verbal and written, and ability to tailor messages to a variety of audience
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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.
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.