Actuarial Associate, Pricing & Product Development
Core
Pricing and product development for Prudential Financial's Longevity Reinsurance Business, specifically navigating new deal opportunities and supporting pension risk transfer (PRT) transactions.
Role type
Senior Actuarial Associate (Pricing & Product Development)
Builds
Pricing models, financial projections, and transaction models for mid-market and jumbo pension risk transfer deals.
Domain
Insurance / Reinsurance / Longevity Risk / Pension Risk Transfer
Deliverable
production ML models
Required skills
Actuarial modeling, Excel, data analysis, financial projection, assumption setting, data cleansing, model maintenance
Preferred skills
SQL, Python, complex quantitative concepts, communication
Technologies
Excel, SQL, Python
Responsibilities
Set assumptions and price Longevity Risk Transfer transactions; analyze pension plan experience data to determine mortality and marital assumptions; generate assumptions and financial projections for underlying pension liabilities; determine fees for reinsuring longevity risk; cleanse and update pensioner data; prepare simplification and transaction models; update pricing and underwriting parameters.
Seniority
Senior, hands-on IC