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Senior Actuarial Associate

Senior Actuarial Associate

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Job Details
Uploaded On
May 13, 2024
Newark, United States
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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 GAAP Valuation team within the Individual Life Insurance (ILI) Valuation function is responsible for preparing the actuarial portion of the GAAP results and the underlying earnings story of the Individual Life business. The team is seeking a Sr. Actuarial Associate to help drive execution of the monthly production process and produce insightful analytics that crisply explain results to business partners and management. The ideal candidate will have a focus on, and ownership mentality of, all reporting-related tasks and a passion for developing insights for business partners and ILI management to drive business outcomes.

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:
  • Complete quarterly production tasks in a timely manner to support reporting of various GAAP balances (DAC, URR, Net Liability Reserves, SOP03-1, Cost of Reinsurance, Loss Recognition, and FAS133 Embedded Derivative), which may include review of inputs received from business partners, valuation system runs, and preparation of reports and analytics.
  • Assist with ad-hoc strategic initiatives (e.g. Potential Reinsurance transactions, Annual Assumption Unlock quantifications, and Sensitivities analysis).
  • Produce insightful analytics around quarterly GAAP valuation processes to drive business insights, linking actuarial movements to underlying drivers of the ILI business.
  • Exhibit an ownership mentality with business partner deliverables (Finance, Forecasting) to thoroughly understand downstream uses to drive insights and outcomes.
  • Utilize available technology (e.g. SQL, Python, PowerBI) to develop and expand reporting tools and analytics for more efficient and effective communication of results to management and stakeholders.
  • Proactively analyze predictors of reserve balances to ILI management and business partners.
  • Work closely with Modeling associates to perform user acceptance testing of enhancements to ILI valuation system and Liability Data Warehouse to ensure accuracy of amounts booked to ledger accounts and attributions of GAAP balances.

What you'll need:
  • Strong organizational and project management skills coupled with a high degree of curiosity on current processes and systems.
  • Strong analytics skills and ability to critically review own work and work product of other team members.
  • Ability to collaborate to develop creative yet practical solutions to challenging problems to meet the needs of our customers.
  • Ability to partner effectively with colleagues across multiple time zones, business groups, and corporate areas.
  • Excellent oral and written communication skills.
  • 3+ years of experience, with progress toward ASA designation.
  • Coding (SQL, Python, vba), prior actuarial model experience (Poly, AXIS, ALFA, Prophet), and/or familiarity with individual life insurance products or GAAP reporting requirements desired but not required.

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 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 for more information about doing business with Prudential.

If you need an accommodation to complete the application process, which may include an assessment, please email

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 to request assistance.
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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.