Associate Actuary, Financial Modeling - International Insurance - Prudential - Newark, NJ
Prudential International Insurance (PII) continues to be one of Prudential’s fastest growing and most profitable business groups. PII has operations in eleven countries around the world (Japan, South Korea, Taiwan, Malaysia, India, China, Brazil, Argentina, Mexico, Poland, and Italy).
PII is creating a new unit focused on model risk in
the Actuarial Infrastructure / Regulatory Initiatives Team
within the Actuarial department in Newark, New Jersey. The unit will focus on implementing the new enterprise model risk management framework and enhancing the first line of defense to effectively manage model risk in both PII’s reinsured (domestic US) block of business and in international operations ex-Japan.
The position will collaborate with various PII Newark teams (valuation, modeling, risk and etc.), PII local operations, enterprise model risk management group, and corporate actuarial modeling governance team.
Responsibilities include:
Learn the new and changing model risk framework in depth, and interpret the framework to be adopted strategically in PII actuarial
Perform reviews of valuation, capital and pricing models
Support model owners/developers/testers in registering models, preparing model documentation and facilitating model control
Present PII actuarial in various enterprise model risk related meetings and calls
Educate various teams on emerging model risk framework and guildeline
Facilitate a consistent and enhanced strategy for meeting new model risk standards in PII actuarial teams both in Newark and in local operations
Work on special projects
Qualifications
Qualifications:
Strong
quantitative and analytics skills
Strong actuarial modeling experience with actuarial software (such as Prophet, Polysystems)
2 to 3 years of actuarial modeling experience desired
Creative problem solver with focus
Excellent written and verbal communication skills, in particular documentation
Broad understanding and relevant experience with US GAAP in Life and /or Annuity products
Strong project management skills
Programming experience, preferably in C type language, is a plus
ASA or CFA is a plus
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. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, 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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