Senior Actuarial Associate - ILI Valuation & Projections Team (Hybrid)

Prudential Financial•Newark, NJ

4d•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! For 150 years, Prudential Financial Inc. (“PFI”) has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, Latin America, and Africa. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation. Individual Life’s (ILI) Actuarial Valuation & Projections Team serves multiple stakeholders across the enterprise by supporting valuation and financial reporting requirements for US GAAP, US STAT, and risk management. The team plays an important role in the execution of the ILI business unit’s strategic objectives. As part of the US STAT and risk management responsibilities, the ILI Actuarial Cashflow Projections Team is a 5-member team responsible for executing liability cash flow projections supporting asset adequacy testing (AAT), setting of portfolio reinvestment strategies, and monitoring insurance risk and is seeking a candidate for a Senior Actuarial Associate role. 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

2+ years of actuarial experience
Dedication to completing work in a timely and accurate fashion
Strong technical skills in SQL
Basic experience in AXIS
Excellent verbal and written communication/presentation skills

Nice To Haves

ASA
Familiarity with results analysis tools like PowerBI
Experience working in a production environment with tight deadlines and competing priorities

Responsibilities

Prepare liability cash flow projections supporting AAT, sensitivity testing, portfolio management, insurance risk management, and liquidity stress testing and assess reasonability of the results.
Prepare other deliverables and key inputs, such as reserve true-ups, scenario files, inforce data validations, and post-model adjustment tools
Provide support for the annual assumption update process, primarily using AXIS and also utilizing Polysystems
Provide documentation and testing support of model changes and model reaffirmations
Other responsibilities as assigned

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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