Job Classification:
Actuarial - Actuarial
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
This position is in the Individual Model Development Team within the Prudential Retirement Strategies organization, and will be responsible for designing, building, and maintaining the models and analytical tools used to design and price new and existing products. The Associate Actuary position requires an individual with strong analytical, quantitative modeling, programming, and problem-solving skills, as well as deep actuarial knowledge. This individual will be an integral part of the model development team, and will be responsible for building and enhancing variable, fixed, and payout annuities pricing models to support the fast-paced product development and pricing initiatives.
The current EWA 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.
What you can expect:
Research, design, develop, maintain, debug, and enhance the in-house MATLAB-based stochastic pricing models
Create and/or maintain tools, programs, and utilities in MATLAB and Excel VBA environments to support demand for more complex analysis and automated processes
Independently research and make recommendations for improvements to enhance methodology, capability, ease-of-use, and efficiency
Create and enhance controls and documentation to meet risk governance requirements
Coordinate with team to analyze and design new product provisions
Connect with peers and other business partners to create robust solutions to complex business challenges
Collaborate with peers and work on multiple projects in a dynamic and fast-paced environment
What youll need:
3+ years of actuarial experience Annuities and/or Modeling experience preferred
Strong programming skills MATLAB preferred, Python is a plus
Strong analytical, problem solving, and time management skills
Highly motivated independent thinker, able to work effectively alone or in a team environment
Willing to quickly develop knowledge of current portfolio of annuity products, designs, and benefits
Understanding of quantitative modeling techniques related to capital market, financial instruments and asset liability management
Strong oral and written communication skill
Itd be a plus if you had:
ASA or advanced degree in a finance, computer science, or related is a plus
Knowledge in Statutory Valuation, US GAAP and capital frameworks is a plus
Experience in Excel, Python, and Object-Oriented Programming (OOP) is a plus
Experience with modeling software such as Axis is a plus
Experience with GPU technology is a plus
Experience with git or other version control systems is a plus
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.
Were a global organization, full of outstandingly dedicated people who arent afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
What we offer you:
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
Retirement plans:
401(k) plan with company match (up to 4%)
Company-funded pension plan
Wellness Programsto help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
Work/Life Resourcesto help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Tuition Assistanceto help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
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.
To find out more about our Total Reward package, see ourTotal Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $115,800.00 to $172,300.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity