Associate Actuary

Prudential Financial • Hartford, CT

1d • Hybrid

About The Position

Are you an experienced actuary looking to expand your career? Prudential has an opportunity for an Associate Actuary. This position will be a member of the Individual Life Insurance (ILI) Pricing area within US Business Actuarial team and focus on Pricing model development, modeling capabilities and risk analytics. The associate actuary will work closely with other members of the Pricing team as well as other functions, including Chief Investment Office (CIO), Assumptions, Valuation, Projections and Modeling Capabilities. The role will be a key member in supporting the pricing, repricing and profitability reporting of ILI products. The current employee work arrangement for this position is hybrid or fully 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: Build dedicated pricing model that caters to pricing specific attributes and promotes nimble and efficient interaction Build new pricing functionalities and advanced risk analytics Evaluate/Build the integration of advanced ALM and hedging modeling capabilities Continuously monitor regulatory environment, methodology and perform impact analysis Evaluation of future state pricing modeling platforms Reduce external processes, standardize modeling practices, and enhance End to End (E2E) process automation Comply with risk and control frameworks, especially around model management Ad-hoc requests

Requirements

• 4+ years of related work experience
• Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field
• 2+ years of model development experience in AXIS, Prophet, PolySystems or other open-source actuarial platforms
• Proficient in software development languages, such as Python, VBA, C#
• Strong curiosity to learn and comfortable with new technology and AI tools
• Strong problem solving and creative thinking skills
• Ability to independently design practical and innovative solutions
• Ability to grasp complex concepts and comfortable working with ambiguity
• Ability to own/drive deliverables, manage time, and collaborate are required
• Excellent oral and written communication skills

Nice To Haves

• Actuarial exams progress
• Experience with life insurance

Responsibilities

• Build dedicated pricing model that caters to pricing specific attributes and promotes nimble and efficient interaction
• Build new pricing functionalities and advanced risk analytics
• Evaluate/Build the integration of advanced ALM and hedging modeling capabilities
• Continuously monitor regulatory environment, methodology and perform impact analysis
• Evaluation of future state pricing modeling platforms
• Reduce external processes, standardize modeling practices, and enhance End to End (E2E) process automation
• Comply with risk and control frameworks, especially around model management
• Ad-hoc requests

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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level