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Senior Actuarial Associate
Prudential Securities
Newark, NJ, United States
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Description
The Valuation Center of Excellence (COE) for the Individual Life business is seeking a Senior Actuarial Associate to support monthly, quarterly, and year-end GAAP financial reporting, including the amortization of DAC and related balances as well as growth in SOP 03-1 reserves.
Responsibilities:
• Support the reporting team through the monthly, quarterly, and year-end close, as well as during the unlocking process
• Utilize LWH to research any issues related to reported
• Provide Corporate business partners with information for 10-Q and 10-K disclosures pertaining to actuarial balances
• Provide quantitative and qualitative data for Replicating Portfolios, quarterly forecast, annual IAIS testing, and other Corporate initiatives
• Support User Acceptance Testing of changes to the Delphi valuation system, including analyzing the results from Full Volume regression testing, working with the reporting team and Modeling COE
• Support the improvement of reporting procedures and tools, partnering with the Actuarial Modeling COE and other areas as appropriate
• Develop and/or improve documentation of processes
• Maintain appropriate controls; address any control weaknesses; ensure compliance with standards set by Corporate Actuarial
Qualifications
• Near- ASA with 3+ years of actuarial experience
• Strong quantitative and analytical skills
• Ability to handle multiple assignments and meet deadlines
• Excellent oral and written communication skills
• Familiarity with GAAP reporting a plus
• Knowledge of individual life products a plus
• Ability to partner effectively with colleagues across multiple business groups and corporate areas
• Highly motivated, conceptual thinker who is able to work independently or in a team and take a leadership role in a wide variety of assignments