Manager
Manager - Pension Risk Transfer (PRT) Pricing
Newark, NJ 07101
· Assume ownership of fully-integrated stochastic models for use in pricing PRT deals, for risk analysis, and for capital determination
· Adapt existing models for product innovations and customized solutions
· Work closely with other members of the Pension Structured Solutions business team, the ALM organization including portfolio managers, finance and reporting areas
· Work closely with members of the Asset-Liability Management (ALM) Modeling Analytics team
· Stay up-to-date on insurance and investment industry developments with respect to new PRT products, regulation, accounting and quantitative techniques
· Degree in mathematics, finance or other quantitative field
· Progress towards related professional designations such as Chartered Financial Analyst (CFA) or Associate of the Society of Actuaries, Chartered Enterprise Risk Analyst (CERA), Professional Risk Manager (PRM) or Financial Risk Manager (FRM) would be a plus
· At least 3 years of strong asset/investment/risk modeling experience
· Familiarity with stochastic asset-liability models a plus
· Familiarity with economic scenario generators a plus
· Familiarity with capital market data portals such as Bloomberg and POINT a plus
· Extensive Programming experience (VBA, C++, Delphi, Pascal, etc) is strongly desired
· Basic understanding of capital markets including derivatives, fixed income and equity instruments
· Basic understanding of financial statements and accounting principles
· Familiarity with insurance liabilities including pensions, annuities and life products
· Highly motivated and able to thrive in a fast-paced, results-oriented environment with high quality standards
· Demonstrated track record of achievement
· Capable of learning quickly and working well in a strong team environment
Other critical skills desired:
o Attention to detail
o Project management
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