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Senior Risk Modelling Analyst job in Newark

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Prudential Financial, Inc. jobs

Newark, New Jersey - NJ Prudential Financial, Inc.

Job Ref:  R-117315
Employer:  Prudential Financial, Inc.
Sector:  Investment
Life Insurance
Professional/Financial Services
Qualifications:  Part Qualified Actuary
Software:  Excel
Python
VBA
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location
Country:  United States
State/Province/County:  New Jersey - NJ
City:  Newark
Post Code:  Not specified
Map: 
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Description
Job Classification:
Corporate - Risk

Senior Risk Modeling Analyst (The Prudential Insurance Company of America, Newark, NJ):

Analyze and manage the company's risks including maintaining and updating risk stresses across the enterprise, analyzing volatility, and performing RAC (Risk Adjusted Capital) analysis. Independently conduct risk analytics and modeling projects. Develop new models, analytic processes or systems approaches. Create documentation for all activities and works with Risk Technology staff in design of any system to run models being developed. Keep up with external development on insurance industry risks and perform internal analysis in various risks to appropriately reflect into our risk management. Provide support to EUCS/model (End User Computing) compliance such as documentation and testing. Provide guidance to stakeholders on risk related issues. Collaborate and coordinate with key business partners on actionable insights.

Telecommuting permitted up to 3 days a week.

Full time employment, Monday - Friday, 40 hours per week.

MINIMUM REQUIREMENTS:

Must have a Master's degree in Financial Mathematics, Actuarial Science, or a related field, and 3 years of related work experience; OR a Bachelor's degree in Financial Mathematics, Actuarial Science, or a related field, and 5 years of progressive, post-bachelor related work experience.

Of the required experience, must have 3 years of experience in each of the following:
  • Performing data analysis; and
  • Utilizing Excel to (1) perform liability calculation using shortcuts and actuarial/financial formula functions, including NPV and INDEX MATCH; (2) Create pivot table to summarize large quantities of data; (3) Build charts and graphs to present analytical findings; and (4) Read and edit VBA codes in a macro to automate tasks.

Of the required experience must have 2 years of experience in each of the following:
  • Working in risk management or actuarial fields;
  • Using Python for data analysis, modelling and statistical analysis;
  • Using numerical libraries in Python, including Numpy, Pandas, and Scikit-learn;
  • Automating and optimizing existing processes and tools using Python to improve efficiency and effectiveness; and
  • Translate complex business requirements into solutions and communicate these solutions to both technical and non-technical audiences.

Of the required experience must have 1 year of experience in each of the following:
  • Using Power BI to create data models and relationships, including working with calculated columns, measures, and DAX expressions;
  • Utilizing Power BI to produce advanced and dynamic elements to report visuals that are user-controlled;
  • Extending Power BI functionality with Python;
  • Insurance risk (Mortality, Morbidity, and Longevity);
  • Conducting biomedical research; and
  • Using statistical and mathematical models to analyses and evaluate mortality and morbidity risks and develop innovative solutions for risk management.

Must have passed at least 3 exams towards achieving Associate of the Society of Actuaries (ASA) designation.

Telecommuting permitted up to 3 days a week.

TO APPLY: Please click "Apply Now" Button. Should you have any difficulty in applying for this position through our website, please contact monica.vanbuskirk@prudential.com for assistance in the application process.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
ref: (R-117315) 15 days ago
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