Associate Actuary (Retirement Strategies)

Job Classification:

Actuarial - Actuarial

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 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

The Associate Actuary, Pricing – Pension Risk Transfer (PRT) Team, is a position that plays a key role in the overall pricing execution and infrastructure development of Prudential’s PRT Business.

What you can expect:

• Lead financial modeling and pricing execution for US Funded PRT transactions.
• Collaborate with highly motivated and talented quantitative professionals to develop creative solutions and help achieve aggressive business growth goals.
• Identify and execute on planned process improvements and transformation initiatives by using Python, VBA, SQL and other emerging technology to automate and standardize processes.
• Partner with Modeling and Assumptions teams to test enhancements to actuarial models used for cash flow production, Statutory and GAAP reserves, and policyholder behavior.
• Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in PRT transactions
• Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
• Collaborate with business and corporate leaders to determine and implement optimal pricing strategies that balance competitiveness and profitability while ensuring compliance with Enterprise Pricing Standards.
• Support internal efforts to secure necessary approvals from Prudential Retirement’s leaders and other governing bodies across the Prudential Enterprise.
• Implement efficient and robust pricing processes and ensure compliance with Model Risk Policies and End User Controls.
• Be an active participant in Prudential’s actuarial community
  
  

What you’ll need:

• College Degree (BA / BS) required. Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields is preferred.
• ASA with 4 years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, asset-adequacy testing, asset/investment/hedging/risk modeling, etc).
• Strong background in pensions strongly preferred: E.A. preferred but not required.
• Working knowledge of VBA, Python strongly preferred. Knowledge of other coding languages is not required but would be welcomed.
• Superior technical skills and ability to understand complex quantitative concepts and models.
• Investment or ALM experience are helpful.
• Strong communication skills, particularly in presenting results to senior executives.
• Strong project management skills and ability to juggle multiple urgent priorities.
• Creative problem-solver, particularly in areas with very little clarity or precedence.
• Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees are not required but would be welcomed.
• Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
• Fast learner and ability to work in a multi-functional team environment.
• Actuarial Exam support provided.
  
  

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 such as on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t 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:

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 $118,700.00 to $176,600.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• 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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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.

If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.

If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.