Associate Actuary-Annuities Pricing, Modeling, & Analytics – Methodology Refinement','ANN000PR','!*!
This position will be a part of the Methodology, Model Testing, & Governance team within the Annuities Pricing, Modeling, & Analytics group. The role will be responsible for supporting various annuity product innovation, model development, and pricing initiatives. This includes but is not limited to financial risk analysis of various product concepts, development of pricing / modeling framework and methodology, as well as enhancements of pricing modeling practices. Recent projects include: creating a new cost-of-capital (hurdle rate) framework, being a SME on the development of new integrated offering, quantitative analysis of various capital frameworks/reserving methodology & their financial impact, and collaborating with other BUs on how to model cross-product diversification.
The individual will work closely with other members of the annuities pricing team as well as interact with other functions, which may include Valuation, Hedging, Finance, Capital Management and ERM. This position requires an individual with strong quantitative skills who can quickly pick-up concepts to work on a wide-range of projects in a dynamic and fast-paced environment.
Assist in developing pricing frameworks and modeling methodology to support current & new product innovation and risk management initiatives
Play a supporting role in modeling and risk analysis of various product concepts that provide sufficient support for sound product decision making
Develop analytical tools and model prototypes for methodology refinements and product development purposes
Proactively drive model, process, and methodology improvements by conducting innovative research to identify existing issues and to recommend and implement enhancements
Collaborate with business partners in creating sound solutions to complex business challenges
Work with the model development team to ensure methodology refinements & model changes are incorporated correctly into the model','!*!
3 years of actuarial experience; prior experience with annuities pricing/valuation and/or financial modeling is a positive. VA & FA knowledge is desirable
ASA preferred; advanced degree in a quantitative or financial field is a plus
Understanding of financial instruments, asset and liability modeling, and financial risk analysis is desired
Strong quantitative modeling, analytical, and problem-solving skills, including the ability to identify and execute on creative solutions to address complex business problems
Solid programming skills (e.g., in VBA or other programming languages); programming experience with Matlab is a big plus
Highly motivated individual who can work equally well independently and in a team environment','!*!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.','Actuarial','United States-Connecticut-Shelton','','Full-time','','Associate Actuary-Annuities Pricing, Modeling, & Analytics – Methodology Refinement