[ Job Classification:
Actuarial - Actuarial

Senior Actuarial Associate-Retirement Strategies Actuarial Group, Pricing Methodology and Frameworks

This position will be in the Methodology team within the Retirement Strategies Actuarial group. The role will be responsible for developing sound methodology for pricing models and frameworks, creating innovative solutions to support various annuity and retirement products pricing initiatives, and working in the frontline to solve complicated problems with various stakeholders. The candidate will have a special focus on R&D work, supporting technical aspects of new product launches, evolving pricing strategies and transformative initiatives, but will also have opportunities to directly engage with the business and influence business outcomes. Recent projects included: analyzing and quantifying capital diversification benefits for Annuities flagship indexed annuity (RILA) products, creating asset / liability management framework and models, enhancing predictive mortality curve models, and conducting research for a variety of pricing / risk initiatives such as dynamic policyholder behaviors and renewal strategies.

The individual will work closely with other members of the Retirement Strategies pricing teams and modeling teams as well as interact with other functions, which may include CIO, Valuation, Capital Management and ERM. This position requires a curious, creative individual with strong analytical, conceptual thinking and quantitative modeling skills who can quickly pick up key concepts to work on a wide range of projects in a dynamic environment.

Primary Responsibilities:
• Research and refine the in-house asset liability management (ALM) framework and model capabilities in MATLAB, and design and implement new ALM methodologies in pricing models
• Brainstorm ideas and build methodology prototypes to help address complex problems stemming from new product launches, new pricing strategies, enterprise framework and/or regulatory framework changes
• Support the development of sound methodologies with attention to their practical business applications through strong execution, in support of critical Retirement Strategies and enterprise initiatives
• Proactively drive methodology refinements and technology advancements to generate enhanced modeling capabilities by conducting innovative research
• Collaborate with the Modeling, New Initiatives and Pricing / Rate Setting teams to ensure methodology refinements and pricing framework changes are well understood and incorporated properly
• Support modeling and risk analysis to support sound product and risk decision-making, and connect with other business partners to create robust solutions to complex business challenges

Qualifications
• 2+ years of actuarial experience or equivalent experience in a similar quantitative financial field; annuity and retirement product knowledge is desirable
• Highly motivated individual who can work equally well independently and in a team environment
• Strong quantitative modeling and analytical skills; understanding of financial instruments and asset liability management preferred
• Prior experience with annuity and/or retirement pricing, valuation and modeling is a plus
• Experience with Fixed (FA), Fixed Indexed (FIA), and Indexed Variable Annuities (IVA) is a plus
• Solid programming skills (e.g., in VBA or other programming languages); experience with MATLAB, Python and/or Machine Learning is a big plus
• Good verbal and written communication skills; demonstrated ability to explain technical concepts to non-technical audience
• Open to remote/virtual location outside of commutable Newark, NJ locations.

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 $93,200.00 to $138,600.00. 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. ]