Manager, Actuarial (Pension Risk Transfer Pricing and Product Development)
Location: Newark, New Jersey
Posted: November 22, 2017
Reference ID: PRI0006C
Prudential Financial, Inc. 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. For more information, please visit www.prudential.com. 3 plus years of strong actuarial or Pension Risk Transfer experience is required.
Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit http://www.prudential.com/retire/.
The Manager, Actuarial – PRT Funded Team, is a position that plays a key role in the overall pricing execution and infrastructure development of Prudential’s rapidly growing PRT Funded Business.
Primary responsibilities include:
•Manage and perform post-sale pricing related functions such as calculating premium true-ups, developing actuarial factor tables for inclusion in the Contract, handling amendment calculations, etc.
•Collaborate with other PRT pricing associates as well as business and corporate partners to finalize sale and administrative documents during the post-sale process and resolve issues that arise.
•Participate in regularly scheduled internal business team meetings during the post-sale onboarding phase.
•Ensure a smooth transition of information to the Valuation and Reporting team necessary for ongoing reserving activities.
•Provide support for ad hoc pricing or inforce management activities, including legacy inforce contract issues, as necessary.
•Support internal efforts to secure necessary approvals both from Prudential Retirement’s leaders and other governing bodies across the Prudential Enterprise.
•Implement efficient and robust onboarding processes and ensure compliance with Model Risk Policies and End User Controls.
•Be an active participant in Prudential’s actuarial community
Actuarial exam support provided.
College Degree (BA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields is preferred.
Successful completion of actuarial exams preferred, but not required.
Superior technical skills and ability to understand complex quantitative concepts and models.
Good communication skills, particularly in presenting results to senior executives.
Strong project management skills and ability to juggle multiple urgent priorities.
Creative problem-solver, particularly in areas with very little clarity or precedence.
Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed.
Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
Fast learner and ability to work in a multi-functional team environment.
Actuarial exam support provided.