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Software Engineer Jobs in Newark, NJ

Actuarial Modeling/Developer

Crossfire Consulting Corporation

Newark, NJ

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JOB DETAILS
SKILLS
Actuarial Skills, Amazon Web Services (AWS), Analysis Skills, Artificial Intelligence (AI), Asset Valuation, Best Practices, Chartered Financial Analyst (CFA), Cisco ASA (Adaptive Security Appliance), Cloud Computing, Communication Skills, Competitive Analysis/Strategy, Computer Programming, Computer Science, Cross-Functional, Data Visualization, Finance, Flexible Spending Accounts, GCP (Good Clinical Practices), Insurance, Leadership, Machine Learning, Maintain Compliance, Mathematics, Microsoft Visual Basic for Applications (VBA), Microsoft Windows Azure, Predictive Modeling, Presentation/Verbal Skills, Pricing, Problem Solving Skills, Process Development, Product Development, Product Positioning, Product Pricing, Profit & Loss, Python Programming/Scripting Language, Regulations, Regulatory Compliance, Retirement Plan, Risk, Risk Modeling, SQL (Structured Query Language), Statistics, Time Management, Transfer Pricing
LOCATION
Newark, NJ
POSTED
3 days ago

Job Title: Actuarial Modeling/Developer Pension Risk Transfer (PRT)
Team Location: Newark
Duration: 9 mo.

Overview The Actuarial Modeling/Developer Pension Risk Transfer (PRT) Team, is a position that plays a key role in the overall pricing operations and infrastructure development of Prudential's PRT Business. This role requires a strong foundation in actuarial first principles, with the primary focus on designing and developing callable actuarial components that integrate into broader pricing pipelines.

Primary Responsibilities " Design and develop callable actuarial components using Python, VBA, SQL, and other technologies, building modular logic that can be integrated into robust orchestration pipelines " Collaborate with highly-specialized and talented quantitative professionals to develop creative pricing solutions and strategies for diverse pension plan structures " Build, enhance, and maintain pricing models and tools, automating and streamlining processes through hands-on development " Develop pricing infrastructure and contribute to data visualization and reporting processes used across the organization to manage business production and inform strategic decision-making " Analyze population and pension plan specific experience data to determine mortality and other actuarial assumptions for pricing " Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making " Support the development and execution of competitive positioning strategies " Collaborate cross-functionally across the organization to develop and implement pricing strategies that balance competitiveness and profitability while ensuring compliance with internal standards and external regulations Nice to Have Responsibilities " Leverage advanced analytics, machine learning, and AI-driven methodologies to partner with other emerging bodies across the Prudential enterprise " Support the exploration and evaluation of predictive analytics to enhance compliance with Model Risk standards

Qualifications
" Strong foundation in actuarial first principles required
" Background in actuarial science, mathematics, computer science, statistics, or related quantitative discipline
" Master's Degree (MA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science, or related discipline preferred
" ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, asset/investment/hedging/risk modeling, etc.)
" Pension experience preferred; familiarity with pension plan structures, liability valuation, and pension risk transfer pricing is a plus
" Programming skills preferred (Python, SQL, VBA); willingness to develop coding proficiency is expected. Experience with cloud platforms (AWS, Azure, GCP) is a plus
" FSA, MAAA, CFA, PhD, FRM, Client or advanced degree in S.I.E.C. preferred but not required
" Candidates with alternative qualifications including 7+ years of relevant quantitative/technical experience are welcomed
" Strong quantitative modeling experience including complex quantitative concepts and models
" Strong communication skills, particularly in presenting results to senior executives
" Proven ability to articulate complex data into actionable insights for senior leadership
" Creative problem solver, particularly in areas with few best practices
" Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high standards for quality " Experience working at an insurance company or a multi-functional team is a plus


About the Company

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Crossfire Consulting Corporation

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