Associate Actuary Position Available In Essex, New Jersey

Associate Actuary (The Prudential Insurance Company of America, Newark, NJ): Perform ALM projections and manage deliverables for AAT and PBR. Perform economic surplus analysis under Deterministic Stress Testing scenarios. Support new business case analyses on prospective reinsurance transactions with PICA. Participate in the design of reinsurance treaty changes and perform impact analyses. Drive enhanced analytics for forecasting, AAT and PBR projections. Implement PBR Deterministic and Stochastic Reserves modeling capabilities. Update annual PBR VM-31 and AAT reports to support appointed actuary’s opinion and be the key person to respond to PBR and AAT questions from various stakeholders and regulators. Oversee the assumptions used in multi-year plan, AAT and PBR projections. Collaborate with actuarial model control and model risk management teams to prepare the documentations and testing plans for model affirmation and approval process. Support Multi-Year Plan projections with future new business including US statutory profits, source of earning analysis, US RBC, and tax template submissions. Telecommuting permitted 100%. Candidate may reside and work anywhere in the U.S.Full time employment, Monday – Friday, 40 hours per week, $149,900.00 per year.

MINIMUM REQUIREMENTS

Must have a Bachelor’s degree in Actuarial Science, Mathematics, or a related field, and 2 years of progressive, post-baccalaureate work experience. Of the required experience, must have 2 years of experience in each of the following:

• Using of Microsoft Excel to perform EPL calculation, model output aggregation, result analyses and other tasks using various Excel functions, including formulas, macros, and pivot tables;
• Scripting with VBA programming language;
• Utilizing Microsoft Excel to summarize results, build ad hoc models, test models, and troubleshoot results;
• Database building and manipulation using SQL or Access;
• Actuarial model testing and UAT;
• Preparing year-end actuarial memorandums;
• AAT cashflow testing; and
• Utilizing

RBC C3P1.

Of the required experience, must have 1 year of experience in each of the following:

• Extracting and analyzing data using Power BI;
• Actuarial modeling experience: PolySystems, MG-ALFA, Prophet, or Moody’s AXIS; and
• ALM modeling concept and U.

S. statutory valuation and projection regulatory requirements.

Certification:

Associate of the Society of Actuaries designation. Telecommuting permitted up to 100%. Candidate may reside and work anywhere in the U.S.

To Apply:

Apply online at “https://bit.ly/45fL60X”. Should you have any difficulty in applying for this position through our website, please contact Ramona.wallace@prudential.com for assistance in the application process.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

Employee Stock Purchase Plan:

Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.