Job Classification:

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 actuarys 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 $149900.00 per year.

MINIMUM REQUIREMENTS:

Must have a Bachelors 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 Moodys 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: Please click Apply Button. Should you have any difficulty in applying for this position through our website please contact 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 $1600 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. To find out more about our Total Rewards package visit Work Life Balance Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.