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Prudential

Prudential

Associate Actuary

Associate Actuary

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Job Details
""
Uploaded On
June 29, 2023
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Location
Newark, United States
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Remote?
No
Salary
$
111
k-$
166
k
Glassdoor Ratings
""
Recommend to a Friend
69%
""
Overall Score
3.8 / 5
[ Job Classification:
Actuarial - Actuarial

Retirement Strategies Capabilities

Actuarial Enterprise Capabilities is responsible for the design, development, testing and delivery of inforce end-to-end models within the domestic lines of Prudential business.
This position will focus on Prudential Retirement Strategies (PRS) Capabilities, reporting to a director in the group, supporting inforce modeling for individual retirement products. PRS is a critical business segment, representing $300B+ in liabilities and ~40% of Prudential's earnings. This candidate will support a critical model conversion and gain exposure to models built in multiple systems, including Moody's AXIS and Python, and will work as part of a team of ~30 actuaries across the US and India.

Primary Responsibilities:
• Lean into agile best practices to drive culture of technical excellence, focus on value, and prioritization.
• Support the conversion of our suite of retail annuities models from Moody's AXIS to our in-house open source Python based model.
• Design and support testing of solutions and be able to communicate those solutions to a range of audiences.
• Partner across teams, including Valuation and the Chief Investment Office, to define requirements and to test model enhancements.
• Work closely with Technology partners to create a seamless end-to-end user experience around model runs, both for baseline Valuation / Forecasting and other required uses.

Qualifications:
• 5+ years actuarial experience including working with actuarial models.
• Strong quantitative modeling and analytical skills; ability to understand and explain complex quantitative concepts and end-to-end models/systems.
• Effective verbal and written communication skills; able to explain technical concepts to non-technical audience.
• Creative problem-solver and results-oriented; experience with model / systems conversions is preferred.
• Superior technical skills. Experience with SQL, Python and other coding languages preferred.
• Fast learner and ability to work in a multi-functional team environment
• Highly motivated individual who can work equally well independently and in a team environment. Knowledge in retail annuities is preferred, such as variable annuities.
• ASA preferred

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $111,400.00 to $165,800.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or 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.

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. ]
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Working at 

Prudential

Prudential Financial, Inc. is a global financial services company headquartered in Newark, New Jersey. Founded in 1875, Prudential has a rich history of providing financial solutions to individuals, families, and businesses. The company offers a wide range of products and services including life insurance, annuities, retirement solutions, mutual funds, and investment management. Working at Prudential means being part of a diverse and inclusive team that is dedicated to helping people grow and protect their wealth. The company values its employees and provides them with opportunities for professional growth and career development. Prudential offers competitive compensation and benefits packages, including health and dental insurance, 401(k) matching, and paid time off. Prudential is committed to making a positive impact on society and the environment. The company has a strong corporate social responsibility program that focuses on community involvement, sustainability, and diversity and inclusion. Prudential also encourages its employees to volunteer and get involved in community service projects. If you are looking for a challenging and rewarding career in the financial services industry, Prudential is a great place to start. The company values teamwork, innovation, and integrity, and is always looking for motivated individuals who are passionate about helping others achieve their financial goals. Whether you are an experienced professional or just starting your career, Prudential provides a dynamic and supportive environment where you can grow and succeed. Overall, Prudential is a company that is dedicated to its customers and employees, and is committed to making a positive impact on the world.