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Actuarial Associate
Prudential Securities
Newark, NJ, United States
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Description
The individual will be an integral part of the Payout Annuity and Reinsurance Administration team which sits within the Annuities Valuation Center of Excellence. The team is responsible for the valuation and reporting of individual payout annuities and the administration of internal and external reinsurance transactions. The new associate will support critical valuation and reporting activities in addition to contributing to process improvement, advanced analytics, and various value-add projects. It is a very dynamic team and its functions are critical to the success of the individual annuities business.
Key Responsibilities
• Support internal and external reinsurance administration.
• Support valuation reporting and analysis for GAAP, Stat and Tax.
• Assist with the support of the pricing/development of new products
• Support initiatives and address requests from various corporate functions – Finance, Internal Audit, Risk Management, Corporate Actuarial, Treasurer, Portfolio Management, Chief Investment Office, etc.
• Assist with the documentation of workflows, process mapping, and procedures.
• Support user acceptance testing of changes to the annuity actuarial model, including development of new reports to support the financial reporting process
• Enhance analytical tools and processes.
• Support ad hoc research and development.
• Contribute to a culture of talent development, innovation, and inclusion.
Qualifications
• Bachelor's degree or higher in actuarial science, mathematics, or related quantitative field
• Successfully passed one or more actuarial exams is a plus
• Strong analytical/mathematical skills
• Strong time management and organizational skills
• Capable of handling multiple tasks within tight time frames
• Technical skills (Excel, SQL, VBA) a plus
• Experience in valuation production, financial reporting, and/or reinsurance administration a plus