Senior Actuarial Associate (Hybrid)

Prudential Financial • Newark, NJ

12d • 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 Long Term Care (LTC) Finance & Actuarial Community (FAC) team is seeking a motivated Senior Actuarial Associate to join our Flex team. The role is a unique opportunity as an "internal consultant" on a small, close-knit team that works on virtually all facets of LTC. The Flex team supports the core LTC functions (e.g., Pricing/Product Management, Experience Analysis and Assumption Setting, Valuation and Forecasting, and Financial Management) and works with many other LTC business partners (Strategic Enablement/Modeling, Enterprise Valuation and Projections, Legacy Business/LTC Operations, etc.). The general goal of the LTC FAC Flex team is to make the lives of our business partners easier. We accomplish this by improving efficiency, flexibility and user-friendliness of existing end-user computing programs and tools and by developing brand new/replacement tools for a similar purpose. 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 in Actuarial Science or related field.
• 2-5 years actuarial experience.
• Passed a minimum of 3 actuarial exams, with commitment to continue towards actuarial credential.
• Experience with Microsoft Office products.
• Strong desire to learn and grow both technical and leadership skills.
• Excellent written and oral communication skills.
• Ability to work closely with others (collaborate, give/receive/incorporate feedback).
• Detail oriented, with strong analytical and problem-solving skills.
• High level of self-motivation and ownership of results.

Nice To Haves

• Experience with some/all of PolySystems, Visual Basic, SQL, PowerBI, and Python.

Responsibilities

• Preparing both initial LTC premium rate increase filings and responses to objections to rate increase filings from state regulators.
• Creating analyses and exhibits to respond to questions and objections from regulators.
• Building/maintaining models, reports and exhibits.
• Developing actuarial assumptions (data preparation, modeling, and analysis).
• Developing and reporting GAAP, Statutory and Tax reserves on a quarterly basis.
• Making presentations to LTC senior leadership and other key stakeholders.
• Preparing income statements and balance sheets on a quarterly basis.
• Preparing quarterly senior management reports that analyze actual vs forecasted income results.
• Preparing and confirming correct implementation of assumption tables in PolySystems software.

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