Job Details

Associate Actuary Individual Life Strategy and Assumptions

Company name
Prudential Financial, Inc

, NJ, United States

Employment Type

Actuarial, Finance

Posted on
Dec 19,2018

Valid Through
Apr 03,2019


Associate Actuary ( Individual Life ~ Strategy and Assumptions)','ILI00013','!*!The primary responsibility of the Assumptions Group is the development of assumptions used for a variety of critical business purposes including: the pricing of new products, GAAP and STAT financial reporting including Principle Based Reserving (PBR), forecasting, Economic Capital, Asset Adequacy Testing (AAT), dividends, as well as support of other regulatory and reporting requirements. In addition, the group performs analyses to support special projects and to contribute to the full understanding of financial results. Members of the group regularly interact with individuals from a broad array of functional areas within and outside of ILI, as well as other business units.  Additionally, the group is offered exposure to a broad spectrum of life insurance business issues that are discussed weekly in an executive setting called the Assumptions Review Committee (ARC). Here, assumptions are discussed for endorsement by a group of senior leaders within ILI.  

Primary responsibilities of this position may include:

Development and review of mortality and morbidity assumptions related to ILI products

Support of other assumptions related work as needed

Presentation of assumptions for management approval at ARC

Partner with the data analytics team to support data needs  

Provide management with actionable business insights based on experience data analysis

Authorship or review of documentation pertaining to the development of assumptions

Maintenance, development, and review of control procedures

Development of project plans and management of projects

Significant collaboration with Finance and Actuarial areas such as pricing, valuation and modeling.

 ','!*!B.A. / B.S. required - preferably in mathematics, statistics, business, finance, or related field

Excellent analytical and problem solving skills

Strong oral and writing communication skills

Strong Microsoft Excel and Word skills

Strong attention to detail and organizational skills

Self-motivated and flexible

Demonstrated interpersonal and partnering skills

Strongest consideration will be given to candidates who possess the core        

qualifications and who have some of the following qualifications:

Knowledge of Microsoft Access, VBA

Knowledge of Life Insurance Experience Studies and Assumption Development

Experience with Polysystems LifeMeasure and ULMeasure

Knowledge of or SQL

Associate of the Society of Actuaries (ASA) or continuing education toward a professional designation or advanced degree

Knowledge of life insurance products

 ','!*!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-New Jersey-Newark','','Full-time','','Associate Actuary ( Individual Life ~ Strategy and Assumptions)

Company info

Prudential Financial, Inc
Website :

Company Profile
For more than 135 years, Prudential Financial, Inc., has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation. We strive to create long-term value for our stakeholders through strong business fundamentals, consistent with our mission guided by our vision and directed by our company's core values. We are committed to keeping our promises and to doing business the right way.

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