Job Details

Sr Actuarial Associate - Pension Risk Transfer

Company name
Prudential Financial, Inc

Location
, NJ, United States

Employment Type
Full-Time

Industry
Actuarial, Insurance, Finance

Posted on
Jan 04,2019

Valid Through
Apr 19,2019

Profile

Sr Actuarial Associate - Pension Risk Transfer','INT000GD','!*!The Sr. Actuarial Associate will act as a point of contact for actuarial and general transaction activities in support of Prudential's Longevity Risk Transfer (LRT) efforts, which is the international component of Prudential’s 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 team’s 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 team’s 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

Reconcile pension benefit modeling with our counterparties

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

Provide review of Term Sheets and draft/review legal document language relating to the benefits 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 ','!*!

Bachelor's Degree

Minimum 3 years of work experience in Retirement and/ or Insurance, preferably in an actuarial capacity

4 Actuarial Exams desired

Experience with pension plans a plus

Strong communication skills and ability to articulate technical actuarial concepts

Demonstrate significant analytical skills

Ability to work independently and also to collaborate with multiple teams on complex transactions

ProVal knowledge desired

Strong Microsoft Excel skills','!*!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, 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 staffingagencies@prudential.com for more information about doing business with Prudential.','Actuarial','United States-New Jersey-Newark','','Full-time','','Sr Actuarial Associate - Pension Risk Transfer

Company info

Prudential Financial, Inc
Website : http://www.prudential.com

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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