Senior Actuarial Associate

Prudential Financial•Newark, NJ

1d•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! As part of the Retirement Strategies Mortaltity & Underwriting team within Prudential Retirement Strategies, the Senior Actuarial Associate will be responsible for monitoring and developing mortality trends as part of the annual assumption process, maintaining monitoring dashboards, supporting Pension Risk Transfer and Longevity Risk Transfer Underwriting methodologies, and enhancing tools/infrastructure. This role offers a unique opportunity to combine technical expertise with strategic communication to directly impact organizational objectives. The current employee work arrangement for this position is hybrid and may require your on-site presence on a reoccurring basis as determined by your business, dependent on the candidate's location.

Requirements

Minimum 2+ years of actuarial experience or equivalent experience in a similar quantitative financial field.
Working knowledge of Python, SQL, and/or Power BI.
Strong oral and written communication skills with the ability to explain technical concepts to a non-technical audience
Creative problem-solver, particularly in areas with little clarity or precedence.
Highly motivated and ability to thrive in a fast-paced, results-oriented environment with a high quality of standards.
Fast learner and ability to work in a multi-functional team environment.

Nice To Haves

Knowledge of institutional retirement products
Knowledge of experience studies and/or mortality tables

Responsibilities

Prepare and present assumption proposals to the Assumption Review Committee, with a focus on mortality and marital assumptions.
Assess impacts of assumption proposals for pricing of new business and valuation of inforce products.
Collaborate with Product Management, Pricing, Finance, Valuation, and ERM to manage assumption risk and deliver insights into related deliverables.
Coordinate distribution of periodic assumption monitoring reports, including summarizing emerging experience and drivers of assumption performance for senior leadership.
Support pricing specific mortality table development and reviews, partnering closely with pricing teams to understand their market and underwriting process.
Enhance and maintain existing tools in Excel, Power BI, SQL, and Python.

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.

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