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Prudential

Prudential

Senior Actuarial Associate

Senior Actuarial Associate

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Job Details
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Uploaded On
May 13, 2024
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Location
Newark, United States
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Remote?
No
Salary
$
97
k-$
145
k
Glassdoor Ratings
""
Recommend to a Friend
69%
""
Overall Score
3.8 / 5
Job Classification:
Actuarial - Actuarial

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions!

The ILI Assumption Team has an exciting opportunity for an individual interested in data management and analytics. The ILI Assumption Team analyzes and sets all Policyholder Behavior, Mortality, and Expense assumptions for the Individual Life Insurance business unit. This specific role will have responsibility supporting all the data needs on the ILI Assumption Team. This includes partnering with Assumption Owners to acquire and improve access to necessary data for experience studies; helping create new and enhanced assumption monitoring capabilities; collaborating with key stakeholders to understand and help solve their data needs specific to the assumption setting process, etc.

The ideal candidate for this role is someone that has technical and data background and is looking to expand their business and product knowledge.

The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:
  • Assisting data owners in acquiring and validating necessary data for annual 2Q assumption unlock needed for experience studies;
  • Supporting key projects such as data requests from the NAIC, LIMRA, MIB for industry studies and annual experience data submissions;
  • Supporting Polysystems model improvement project by implementing changes and validating results. Additionally, will document and describe the impact of recommended improvements;
  • Technical support for assumption owners including query support, ad-hoc data pulls, resolving technical issues and assisting in investigation of data concerns;
  • Efficiently access data from PFMC, PolySystems Measure; Amazon Redshift; and other systems;
  • Potential to support special technical projects for Individual Life Insurance.


What you'll need:
  • Strong programming background with an understanding of various tools and languages
  • Expertise in SQL and Python preferred
  • Experience with data manipulation and analysis
  • Experience in PowerBI or other data visualization tools is preferred
  • Excellent analytical; business; and critical thinking skills
  • Awareness of key actuarial assumptions and their importance to each business unit is a plus
  • B.A. / B.S. required - preferably in actuarial, computer programming, mathematics, statistics, business, finance, or related field


It'd be a plus if you had:
  • Background knowledge of individual life products is a plus
  • Actuarial exam progress towards ASA designation is a plus


Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.

We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:
  • Market competitive base salaries, with a yearly bonus potential at every level
  • Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
  • Retirement plans:
  • 401(k) plan with company match (up to 4%)
  • Company-funded pension plan
  • Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
  • Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
  • Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
  • Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.


To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

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 $97,300.00 to $144,900.00. 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.