Prudential

Associate Actuary/Manager, Actuarial-ALM Methodology & Analytics Frameworks

3+ months agoNewark, NJ

Prudential Financial is a life insurance & asset management industry leader that provides innovative solutions to a variety of markets. This position's primary focus is Economic Scenarios as part of the Actuarial Enterprise Capabilities area and specifically, the Asset Liability Management (ALM) Methodology & Analytics Frameworks team. This role provides an opportunity to engage and drive impacts for all the insurance businesses under the Prudential Financial umbrella.

Job Responsibilities:

Technical expertise on economic scenario usage for actuarial purposes across Enterprise (GAAP, STAT, economic, etc.) and driving/implementing changes where appropriate.

Maintain and enhance scenario generators, investment strategy tools, and related items that involve strong knowledge of Excel, VBA, Python, and C

Lead development of enhancing current methods of economic scenario generation and calibration

Collaborate within Actuarial and across Financial Management areas (Chief Investment Office, Enterprise Risk Management, Treasury, etc.) on the above.

Ability to assist with other projects related to investment strategy, balance sheet management, etc. on ALM Methodology & Analytics Frameworks team as needed


Qualifications:
• Superior technical skills in Excel, VBA, Python along with working knowledge of C
• Highly proficient knowledge of ESGs (Economic Scenario Generators) and their usage within financial industry context (preferably insurance)
• Strong experience with proper model testing, developing controls, and documentation
• Emerging knowledge of ALM concepts, capital markets, and GAAP & Statutory financial principles
• Ability to prioritize, plan, and execute across multiple work efforts simultaneously in order to meet both production related items for GAAP and STAT reporting and drive new initiatives
• Good verbal & written communication skills, particularly in presenting technical concepts and writing documentation
• 3 years of financial services experience.
Preferred:
• The primary location for this position is in our Newark, NJ office, but we are open to a remote position for the right candidate. The position is currently remote through at least June 2021.
• Actuarial, ALM, and/or investment modeling experience, preferably in an insurance company context
• ASA and/or CFA (designation, or on track for designation)