Senior Actuarial Associate (PRT Pricing)

Prudential Financial • Newark, NJ

16d • 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! The US Funded PRT Pricing team operates in a fast-paced, highly collaborative, customer and deal focused environment. This position plays a primary role in the execution of transaction pricing and infrastructure development for Prudential’s rapidly growing US Pension Risk Transfer business. The current employee work arrangement 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.

Requirements

• Bachelor's degree required.
• Minimum of 2 years of actuarial experience with a minimum of 3 actuarial exams passed.
• Strong technical skills to understand complex quantitative concepts and financial projection model.
• Deep knowledge of Microsoft Excel and other Office-suite software.
• 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

• Degree in Actuarial Science, Mathematics, Statistics, Computer Science, or other STEM field preferred.
• LTAM is preferred.
• Strong working knowledge of at least one programming language such as Python, C#, SQL, VBA preferred.

Responsibilities

• Price complex Pension Risk Transfer transactions. This work would involve the creation of liability cashflows and reserves, ALM modeling, and financial statement analysis.
• 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 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
• Number of Employees: 5,001-10,000 employees