Senior Actuarial Associate | PGIM Ireland
Core
Senior Actuarial Associate supporting pricing execution and product development for Prudential Financial's Longevity Reinsurance Business, focusing on mortality and demographic risk transfer.
Role type
Senior Actuarial Associate (Pricing & Product Development)
Builds
Longevity Reinsurance transactions and pricing models for pension risk transfer (PRT) deals.
Domain
Insurance / Reinsurance / Longevity Risk / Pension Risk Transfer
Deliverable
production ML models | product features
Required skills
Actuarial Science, Mathematics, Statistics, Excel, SQL, Python, Financial Projection, Data Analysis, Model Maintenance
Preferred skills
Associate of the Institute and Faculty of Actuaries designation, Programming languages, Complex quantitative concepts understanding
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 to generate reinsured cashflows and fees; Update pricing and underwriting parameters every 6 months.
Seniority
Mid-Senior, hands-on IC
