Associate Actuary (Global Capabilities Modeling)

Prudential Financial • Newark, NJ

22d • Hybrid

About The Position

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! Global Capabilities is responsible for the design, development, testing and delivery of actuarial modeling solutions across Prudential. This Actuarial Associate position will report to the Product Owner of the “Internet Explorers” (IE) team within the greater PyVal+ Capabilities team, supporting the expansion of our in-house Python based actuarial modeling solution to cover all retail annuities and additional uses beyond valuation such as forecasting, stress testing and pricing. This work also connects to broader transformational efforts across Financial Management. This individual will be a part of the overall PyVal+ team and will partner both with other members of the team as well as broadly across teams, including with Valuation, Pricing, CIO, Technology and others. The current employee work arrangement for this position is hybrid or virtual and may require your on-site presence on a reoccurring basis as determined by your business, dependent on the candidate's location. Your manager will provide additional details relative to the specific number of days you are expected to be on-site. What you can expect: Supporting the expansion of our in-house PyVal actuarial modeling solution, working closely with other members of the IE team to implement solutions to ensure delivery against business outcomes along with future scalability. Owning workstreams and partnering with other developers in designing, coding, and testing enhancements to financial projection models and related tools in Python. Supporting end users by providing rapid support to resolve model errors and answer user questions. What you’ll need: Ability to implement solutions based on conceptual understanding of requirements, and to investigate, debug, and resolve issues and impediments. Superior time management skills and solid ability to own a project and prioritize and execute on a diverse array of tasks. Strong communication skills, specifically being able to partner with developers of diverse backgrounds, and able to summarize accomplishments, issues, statuses, etc. with manager in a clear and concise manner. Strong desire to learn and explore, and question the status quo. It’d be a plus if you had: At least 4 actuarial exams. ASA designation preferred. Knowledge of agile methodologies Beginner to Intermediate level Python knowledge; experience with relevant Python libraries, including pandas, NumPy or PyTorch (emphasis here is on multi-dimensional arrays and parallel compute capabilities rather than machine learning capabilities). Experience with VBA/Excel macro coding. Knowledge of variable annuities products. 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 such as 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.

Requirements

• Ability to implement solutions based on conceptual understanding of requirements, and to investigate, debug, and resolve issues and impediments.
• Superior time management skills and solid ability to own a project and prioritize and execute on a diverse array of tasks.
• Strong communication skills, specifically being able to partner with developers of diverse backgrounds, and able to summarize accomplishments, issues, statuses, etc. with manager in a clear and concise manner.
• Strong desire to learn and explore, and question the status quo.

Nice To Haves

• At least 4 actuarial exams.
• ASA designation preferred.
• Knowledge of agile methodologies
• Beginner to Intermediate level Python knowledge; experience with relevant Python libraries, including pandas, NumPy or PyTorch (emphasis here is on multi-dimensional arrays and parallel compute capabilities rather than machine learning capabilities).
• Experience with VBA/Excel macro coding.
• Knowledge of variable annuities products.

Responsibilities

• Supporting the expansion of our in-house PyVal actuarial modeling solution, working closely with other members of the IE team to implement solutions to ensure delivery against business outcomes along with future scalability.
• Owning workstreams and partnering with other developers in designing, coding, and testing enhancements to financial projection models and related tools in Python.
• Supporting end users by providing rapid support to resolve model errors and answer user questions.

Benefits

• 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.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs 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.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed