Associate Manager, Actuarial (Annuities Product Development)

Prudential Financial, Inc.

 

Team: Annuity Inforce Product Management & Actuarial Support

Position: Actuarial Associate

 

The Actuarial Associate is responsible for the technical development of tools required for   actuarial support of annuity product initiatives and ongoing management of current annuity product portfolio, with a focus on illustration support and administration system test results.   It is expected that this person will be recognized within the organization as a technical product expert.

 

Duties and Responsibilities:

 

• Develop calculation requirements for inforce product initiatives and for illustrations for new products, features, and revisions to existing products.
• Assist in the enhancement and programming of actuarial test tools to be used to validate illustration changes, both for new business and for inforce illustrations.
• Assist in the enhancement and programming of actuarial test tools needed to test the administration platforms for annuities and living benefit guarantees.
• Develop automated alternatives to manual illustration & administration  testing processes, including regression testing alternatives.
• Provide on-going detailed knowledge and problem resolution within Product and to business partners across the organization.
• Provide actuarial support for product  inquiries as needed.

 

 

Job Requirements

 

• 3-6 years relevant experience
• Bachelors degree
• ASA preferred, but not required
• Programming skills – VBA (Excel and Access)
• Proven success in implementing product development projects that deliver results to meet business goals.
• Knowledge of financial services products and industry.
• Excellent technical financial services product  knowledge.
• Excellent ability to demonstrate & communicate technical aspects of product initiatives.
• Ability to collaborate effectively with multiple levels within the  internal organization.
• Strength of convictions and ability to influence and champion product changes
• Ability to effectively manage several dissimilar projects and prioritize.
• Ability to work independently and as part of a team.

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 and all qualified applicants will receive consideration for employment without regard to race, color, sex, disability status, protected 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.

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