Senior Actuarial Associate (International Reinsurance Pricing) (Information Technology)
Job Classification:
Actuarial - ActuarialPrudential Financial, Inc. 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. For more information, please visit www.prudential.com.
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.
Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit http://www.prudential.com/retire/.
What you can expect:
The Senior Actuarial Associate, Pricing & Product Development, is a position on the International Reinsurance Pricing team within our Retirement Strategies business unit. The Sr. Actuarial Associate will play a key role in leading overall pricing execution for Prudential's rapidly growing multi-billion-dollar pension/longevity risk International Reinsurance Business. This individual will be instrumental in navigating new deal opportunities, from analyzing a deal's liability characteristics and mortality experience, to collaborating with various stakeholders across the business.
What you'll need:
Primary responsibilities include:
• Analyzing plan specific experience data to determine mortality and other demographic assumptions.
• Generate assumptions, financial projections and evaluate global longevity reinsurance transactions.
• Providing timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
• Mine and scrub complex pension plan datasets.
• Improving tools, analytics, or processes used within the team.
• Collaborating with a broad group of actuarial and business partners in a fast-paced, deal-focused environment
Qualifications
• Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field (i.e. Engineering)
• Progress towards attainment of the Associate of the Society of Actuaries designation (ASA)
• Superior technical skills (Excel, Python, SQL) and ability to understand and explain complex quantitative concepts and models.
• 2+ years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, etc)
• Good communication skills, particularly in presenting results to senior executives.
• Strong project management skills and ability to handle multiple urgent priorities.
• Highly motivated, innovative, and creative problem solver.
• Fast learner and ability to work in a multi-functional, dynamic team environment.
Open to remote/virtual location outside of commutable Newark, NJ location.
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 $97,300.00 to $144,900.00. 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.
