Job Description

The Senior Actuarial Associate will act as a point of contact for actuarial and general transaction activities in support of Prudential's International Reinsurance (IR) efforts, which is the international component of Prudentials rapidly growing Pension Risk Transfer business.

This individual will be actively engaged in live non-U.S. Reinsurance transactions supporting the Transaction Lead. In particular, they will aid the business teams preparation for discussions with market intermediaries and counterparties on certain live transaction opportunities focusing on benefits, data, and liability modeling, and will also participate in transaction closing and on-boarding activities. The successful candidate will support the teams efforts to achieve aggressive business growth while maintaining an appropriately controlled operating environment.

Position responsibilities include:

* Provide an analysis and concise summary of pension plan provisions and proposed benefit structure as part of the presales process, identifying any new or unusual risks as well as specific benefit and transaction features that present pricing, onboarding or implementation challenges
* Review client Request for Quotations (RFQ) documents alongside the transaction lead and ensure that the Business, Underwriting, Pricing and Administration teams interpret these documents correctly and consistently
* Analyze raw data files and run the transaction data query process for purposes of constructing a reinsurance transaction benefits model
* Work with counterparty actuaries to reconcile pension benefit and cash flow modeling
* Work with the Pricing Team to independently replicate Pension and Annuity cash flows using the Best Estimate assumptions along with all reserving and capital scenarios in order to validate the liabilities used in our pricing models
* Review reinsurance Term Sheets and draft/review legal document language relating to the benefit characteristics that underlie our premiums and fees
* Actively engage as a member of the transaction team from initial evaluation and quotation, through the on-boarding process
* Participate in general business transaction support activities

Qualifications:

* Bachelors degree in actuarial science or related field
* Minimum of 3 years of actuarial or related work experience preferably in retirement and/or insurance.
* Desire to pursue ASA/FSA designations.
* Experience with pension industry is preferred but not required.
* Strong technical skills (Microsoft Excel and PowerPoint) and ability to understand complex quantitative concepts and models.
* Good communication skills, particularly in presenting technical results to senior executives and non-technical audiences.
* Ability to work independently with excellent project management skills and ability to juggle multiple urgent priorities.
* Creative problem-solver, particularly in areas with very little clarity or precedence.
* Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
* Fast learner with ability to collaborate with multiple teams on complex transactions.

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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.