Actuarial Associate Manager, Annuities Pricing

Prudential Financial, Inc.

 

The Individual Annuities line of business is one of the fastest growing segments of Prudential Financial.  This position will be a part of Annuities Pricing & Risk-based Design team within the Annuities Product organization, and will be supporting various annuity product innovation and pricing initiatives, including but 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.  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 modeling skills who is able to work on various projects in a dynamic and fast-paced environment.

 

Primary responsibilities include the following: 

·               Assist in developing pricing framework and modeling methodology to support new product innovation and risk management initiatives.

·               Play a supporting role in pricing modeling and risk analysis of various new product concepts that provide sufficient support for sound product decision making.

·               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.

 

·         2+ years of actuarial experience; prior experience with annuities pricing and/or financial modeling is desired.

·         Pass SOA Exam MLC & MFE 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 or pricing modeling challenges.

·         Solid programming skills (e.g., in VBA or other programming languages); programming experience with Matlab is a big plus.

·         Highly motivated individual who is able to 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 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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