Senior Actuarial Associate

Prudential Financial • Newark, NJ

2d • Remote

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! As a Senior Actuarial Associate, your primary responsibility will be Asset Adequacy Testing (AAT) production for Individual Life Insurance within the Global Valuation – ALM Projections team within the broader Finance and Actuarial Organization. In this role, the associate will have the opportunity to develop a blend of technical and business knowledge. Primary location for position is in the Newark, NJ or Hartford, CT office, but may be open to remote as well for the right candidate.

Requirements

• Actuarial, ALM and/or investment experience preferably in an insurance company context.
• Strong technical skills with programming experience in SQL and Python.
• Strong project management skills with attention to details.
• Ability to prioritize, plan, and execute across multiple work efforts simultaneously to meet production related items for STAT reporting.
• Strong verbal & written communication skills, particularly in explaining technical challenges & writing documentation.
• Bachelor’s degree in Actuarial Science, Mathematics, Quantitative Finance or a related field.
• Actuarial exams are required.

Nice To Haves

• Experience in AXIS or similar actuarial modeling platform.
• ASA or close to ASA.

Responsibilities

• Primary focus is STAT ALM production for Individual Life Insurance AAT, which includes baseline testing, sensitivities testing, stress testing and required capital calculation.
• Perform ALM modeling in GGY AXIS and input database staging in SQL Management studio.
• The associate will develop a strong understanding of ALM modeling as well as projection output analysis and identify drivers of results.
• Test and validate modeling changes, ensure reasonability of overall model results, and comply with model governance, controls, and documentation policies/procedures.
• Support preparing Appointed Actuary’s memoranda, result exhibits, regulatory reporting, and other supplements.
• Engage in projects to support business initiatives, new products, and modeling/methodology improvements.
• Provide actuarial analysis for ad hoc requests involving regulatory requirements.

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