Senior Actuarial Associate (Pension Risk Transfer)

Prudential Financial • Newark, NJ

439d • $97,300 - $144,900 • Hybrid

About The Position

The Actuarial position at Prudential involves pricing complex Pension Risk Transfer transactions, analyzing demographic data, and executing financial projections to drive pricing recommendations. The role requires collaboration with various actuarial and business partners in a fast-paced environment, leveraging technical skills in Excel, Python, and SQL to improve existing processes.

Requirements

• Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, Computer Science, or other STEM field.
• Minimum of 2 years of actuarial experience with a minimum of 3 actuarial exams passed, LTAM is preferred.
• Strong technical skills to understand complex quantitative concepts and financial projection models.
• Deep knowledge of Microsoft Excel and other Office-suite software.
• Strong working knowledge of at least one programming language such as Python, C#, SQL, or VBA preferred.
• Understanding of Life/Annuity products, capital markets, and pension plans.
• Highly motivated, innovative problem solver and conceptual thinker that excels in collaborative work environments.
• Good verbal & written communication skills, particularly in explaining technical results to non-technical audiences.

Nice To Haves

• Actuarial exam support provided.

Responsibilities

• Price complex Pension Risk Transfer transactions involving liability cashflows and reserves.
• Analyze population and contract specific data to determine mortality and other demographic assumptions used in Funded transactions.
• Execute modeling and generate analysis of financial projections to drive pricing recommendations.
• Contribute to improving existing processes by leveraging best practices and various platforms including Excel, Python & SQL.
• Work with a broad group of actuarial and business partners in a fast-paced, customer and deal-focused environment.

Benefits

• Market competitive base salaries with yearly bonus potential.
• Medical, dental, vision, life insurance, and 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 with reimbursement for personal wellbeing needs.
• Work/Life Resources for various support topics.
• Tuition Assistance for traditional college enrollment and accredited certificate programs.
• Employee Stock Purchase Plan at a discount after one year of service.

What This Job Offers

• Job Type: Part-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree