Senior Actuarial Associate

Prudential Financial • Newark, NJ

2d • Hybrid

About The Position

Prudential Financial, Inc. is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. For more information, please visit www.prudential.com. Prudential's Retirement Strategies delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit http://www.prudential.com/retire/. The Sr. Actuarial Associate, Pricing & Product Development, is a position on the International Reinsurance Pricing team within our Retirement Strategies business unit. The Sr. Actuarial Associate will play a key role in leading overall pricing execution for Prudential’s rapidly growing multi-billion-dollar pension/longevity risk International Reinsurance Business. This individual will be instrumental in navigating new deal opportunities, from analyzing a deal’s liability characteristics and mortality experience, to collaborating with various stakeholders across the business. 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.

Requirements

• Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field (i.e. Engineering)
• Progress towards attainment of the Associate of the Society of Actuaries designation (ASA). Actuarial exam support provided.
• 2+ years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, etc).
• Superior technical skills (Excel, Python, SQL) and ability to understand and explain complex quantitative concepts and models.
• Good communication skills, particularly in presenting results to senior executives.
• Strong project management skills and ability to handle multiple urgent priorities.
• Highly motivated, innovative, and creative problem solver.
• Fast learner and ability to work in a multi-functional, dynamic team environment.

Responsibilities

• Analyzing plan specific experience data to determine mortality and other demographic assumptions
• Generate assumptions, financial projections and evaluate global longevity reinsurance transactions.
• Providing timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals
• Mine and scrub complex pension plan datasets.
• Improving tools, analytics, or processes used within the team
• Collaborating with a broad group of actuarial and business partners in a fast-paced, 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.
• 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