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Senior Actuarial Associate Annuities Model Development

Moosic, PA

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This position is in the Model Development Team within the Annuities Pricing and Risk-Based Design group, which is responsible for designing, building, and maintaining the models and analytical tools used to conduct pricing analyses and design new products. The Associate Actuary position requires an individual with strong analytical, quantitative modeling, programming, and problem-solving skills, as well as deep actuarial knowledge. This individual will be an integral part of the model development team, and will be responsible for building and enhancing variable and payout annuities pricing models to support the fast-paced product development and pricing initiatives.
Primary Responsibilities:
Research, design, develop, maintain, debug, and enhance the in-house Matlab-based stochastic pricing models
Create and/or maintain tools, programs, and utilities in Matlab and Excel VBA environments to support demand for more complex analysis and automated processes
Independently research and make recommendations for improvements to enhance methodology, capability, ease-of-use, and efficiency
Create and enhance controls and documentation to meet risk governance requirements
Coordinate with team to analyze and design new product provisions
Connect with peers and other business partners to create robust solutions to complex business challenges
Collaborate with peers and work on multiple projects in a dynamic and fast-paced environment
1-2 years of actuarial experience – Annuities Pricing / Valuation / Modeling experience preferred
Programming skills – Matlab and VBA preferred
Strong analytical, problem solving, and time management skills
Highly motivated independent thinker, able to work effectively alone or in a team environment
Willing to quickly develop knowledge of current portfolio of annuity products, designs, and benefits
Strong oral and written communication skills
2-3 Actuarial Exams Passed
Knowledge in annuities Statutory Valuation, US GAAP and capital framework is a plus
Experience in Excel VBA, C/C++ and Object-Oriented Programming (OOP) is a plus
GPU Technology (CUDA C) exposure desirable
Experience with GGY AXIS is a plus
Experience with git or other version control systems is a plus
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 ****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 **** for more information about doing business with Prudential.

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