We manage market risk associated with Variable Annuity Guarantees. The group owns the analysis of key asset and liability risk measures and decision-making relative to the hedging of these risks.
The individual will be part of the Modeling and Analytics (M&A) team. M&A plays an important role in the product development process for variable annuities by preparing models, reviewing specifications, and analyzing option costs for new variable annuity capital market
This position will support work which includes daily, weekly, and monthly liability valuation of the hedged liability, capital projections, liquidity stressed testing, hedging strategy analysis and refinement of an enterprise-wide capital framework. This position will assist in project implementation and assumptions update processes, perform and analyze risk neutral and real world valuations for variable annuity living benefit, fine tune liability attribution analysis, and collaborate with other M&A functions to support any valuation initiatives.
- 4+ years of actuarial experience
- Bachelor's degree required
- ASA required
- Pursuing FSA through the Quantitative Finance and Investment (QFI) track is preferred
- Strong quantitative and analytical skills
- Prior variable annuity and/or hedging experience desired
- Advanced level Excel VBA and SQL Server knowledge and working knowledge of MatLab and Python desired
- Prior experience with GGY Axis, MG-Hedge or similar actuarial modeling software is desired
- Must be able to work equally well independently and in a team environment
This position requires an individual with the ability to work in a dynamic, fast-paced environment
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 firstname.lastname@example.org for more information about doing business with Prudential.