Associate Manager, Actuarial (Pension Risk Transfer~Pricing)
Company Name:
Prudential
The Associate Manager, Actuarial Pension Risk Transfer (PRT) Funded Pricing, is a new position that will play a key role in product development and foundational pricing for Prudential's rapidly growing PRT Funded business.
Responsibilities:
o Collaborate with Corporate, Finance, Business, & Asset Liability Management (ALM) teams to determine and implement optimal pricing strategies that balance competitiveness, profitability, & solvency while ensuring compliance with Enterprise Pricing Standards.
o Partner with Business to develop new products.
o Conduct assumption and methodological reviews supported by robust data analysis that lead to strong recommendations to support the new product development.
o Create actuarial models used to generate liability cash flows, asset cash flows, projected financial statements, and other key pricing metrics, to price and analyze the profitability and volatility of the new product design.
o Provide timely, accurate, and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
o Provide transaction pricing support as needed.
o Develop Company and Industry knowledge, while critically thinking how this knowledge can apply to pricing.
o Minimum of 1 year of strong actuarial experience, such as Pricing, Valuation, or other types of similar financial modeling.
o Successfully passed 3 SOA Exams and committed to attaining an actuarial designation.
o Superior technical skills, solid business acumen, and ability to understand complex quantitative concepts & models.
o Investment/ALM experience, a high comfort level with programming languages, and/or exposure to insurance company financial statements would be helpful.
o Good oral and written communication skills.
o Strong project management skills.
o Creative problem-solver, particularly in areas with very little clarity or precedence.
o Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed.
o Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
o Fast learner and ability to work in a multi-functional team environment.
Position can be based in Iselin, NJ (moving to Newark, NJ in 2015
Job: Actuarial
Title: Associate Manager, Actuarial (Pension Risk Transfer Pricing)
Location: New Jersey-Iselin
Requisition ID: PRT0002R Estimated Salary: $20 to $28 per hour based on qualifications.
Prudential
The Associate Manager, Actuarial Pension Risk Transfer (PRT) Funded Pricing, is a new position that will play a key role in product development and foundational pricing for Prudential's rapidly growing PRT Funded business.
Responsibilities:
o Collaborate with Corporate, Finance, Business, & Asset Liability Management (ALM) teams to determine and implement optimal pricing strategies that balance competitiveness, profitability, & solvency while ensuring compliance with Enterprise Pricing Standards.
o Partner with Business to develop new products.
o Conduct assumption and methodological reviews supported by robust data analysis that lead to strong recommendations to support the new product development.
o Create actuarial models used to generate liability cash flows, asset cash flows, projected financial statements, and other key pricing metrics, to price and analyze the profitability and volatility of the new product design.
o Provide timely, accurate, and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
o Provide transaction pricing support as needed.
o Develop Company and Industry knowledge, while critically thinking how this knowledge can apply to pricing.
o Minimum of 1 year of strong actuarial experience, such as Pricing, Valuation, or other types of similar financial modeling.
o Successfully passed 3 SOA Exams and committed to attaining an actuarial designation.
o Superior technical skills, solid business acumen, and ability to understand complex quantitative concepts & models.
o Investment/ALM experience, a high comfort level with programming languages, and/or exposure to insurance company financial statements would be helpful.
o Good oral and written communication skills.
o Strong project management skills.
o Creative problem-solver, particularly in areas with very little clarity or precedence.
o Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed.
o Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
o Fast learner and ability to work in a multi-functional team environment.
Position can be based in Iselin, NJ (moving to Newark, NJ in 2015
Job: Actuarial
Title: Associate Manager, Actuarial (Pension Risk Transfer Pricing)
Location: New Jersey-Iselin
Requisition ID: PRT0002R Estimated Salary: $20 to $28 per hour based on qualifications.
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