Associate Actuary (Virtual) Jobs

Job Classification:
Actuarial - Actuarial
End-to-End Prudential Retirement Strategies Modeling
Actuarial Enterprise Capabilities is responsible for the design, development, testing and release of inforce end-to-end models within the domestic lines of Prudential business.
This position will focus on Prudential Retirement Strategies (PRS) Modeling, reporting to a director in PRS Modeling, supporting inforce models for institutional retirement products. PRS is a critical business segment, representing $300B+ in liabilities and ~40% of Prudential's earnings. This candidate will have exposure to models built in multiple systems, including PolySystems, Python and C#, and will work as part of a team of ~30 actuaries across the US and India.
Primary Responsibilities:

• Partner with Valuation and model vendor PolySystems on requirements and to test model enhancements
• Lean into agile best practices to drive culture of technical excellence, focus on value, and prioritization
• Design solutions and be able to communicate solutions to less technical audiences.
• Guide junior associates and oversee their work.
• Lead model conversions, transformation, enhancements, and testing efforts and provide ongoing model support for the Institutional Retirement models and E2E processes.
• Work closely with Technology partners to create a seamless end-to-end user experience around model runs, both for baseline Valuation / Forecasting and other required uses

Qualifications:

• Highly motivated individual who can work equally well independently and in a team environment. Knowledge in institutional retirement products such as pension risk transfer.
• 5+ years actuarial experience including working with actuarial models.
• Superior technical skills. Experience with SQL, Python, Power BI, and other coding languages preferred.
• Creative problem-solver and results-oriented
• Strong quantitative modeling and analytical skills; ability to understand and explain complex quantitative concepts and end-to-end models/systems.
• Open to remote/virtual location outside of commutable Newark, NJ location.
• Effective verbal and written communication skills; able to explain technical concepts to non-technical audience.
• Fast learner and ability to work in a multi-functional team environment

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 $111,400.00 to $165,800.00. 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 program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential 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.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at [email protected] for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email [email protected] .
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