Job Description:

Job Classification:

Investment Management - Investment Operations

International Reinsurance (IR) Service Team Associate

Job Description  

Prudential’s global Pension Risk Transfer (PRT) business is a leading provider of pension risk transfer solutions, specializing in transactions in the US and international reinsurance.  Prudential Retirement has positioned itself as a thought leader in this market focusing on the challenges faced by clients.  Our team has completed the largest and most noteworthy pension risk transfer and longevity risk transfer transactions ever done. 

The IR Service Team Associate handles the on-going administration of our IR contracts, and interacts with clients and business partners.

The responsibilities for this role include:

• Review all necessary documents available to understand the details of the contract, and request clarification where needed


• Process monthly reconciliations, involving running compares, researching and resolving disputes


• Process annual data reviews, including reviewing data changes, applying changes to the recordkeeping platform, and calculating true-up settlement payments


• Perform tracing responsibilities


• Forecast incoming and outgoing bank wires


• Escalate concerns (ex. new or unusual findings) appropriately


• Participate in client meetings, facilitated by the Relationship Manager


• Monitor the Service Delivery mailboxes for administrative work


• Analyze risk and propose business solutions for the on-going administration of the IR contracts


• Support special projects/on-boarding tasks as needed

Qualifications

• BS Degree with relevant work experience or equivalent work experience


• Strong Excel skills


• Keen attention to detail


• Problem solving ability


• Effective verbal and written communication skills


• Interpersonal skills and ability to foster relationships


• Adherence to deadlines for contractual obligations


• Ability to work independently as well as collaboratively as part of a team


• Self-motivated and proactive


• Discretion to deal with confidential information


• Flexibility to work in a fast paced and challenging environment 

*Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident.

Salary range specific to Colorado: $57,100 - $77,300 + discretionary incentive bonus + benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

 

RSRPRUD

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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 call (800) 433-8960, prompt 4 or email accommodations.hw@prudential.com.

Please note that the above number and email are 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.

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