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Associate Actuary
Associate Actuary-May 2024
Newark
May 1, 2025
About Associate Actuary

  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!

  What you can expect:

  Prudential Financial is a life insurance & asset management industry leader that provides innovative solutions to a variety of markets. This positions primary focus is Economic Scenarios (with a secondary focus on STAT ALM user acceptance testing and production work) as part of the Enterprise Valulation and Projections Stat Projections team within the Finance and Actuarial Organization. In this role, the associate will drive projects that have a significant impact across Actuarial while interacting with a variety of Financial Management partners.

  Job Responsibilities:

  Technical expertise on economic scenario usage for actuarial purposes across the Enterprise (STAT, economic, etc.), driving/implementing changes where appropriate.

  Serves as the key resource in performing the monthly, quarterly, & annual production processes for STAT valuation purposes related to economic scenarios, accounting requirements and simplified investment modeling.

  Support of STAT ALM production work including support of Individual Retirement and Group Insurance AAT and related processes.

  Support of user acceptance testing new STAT ALM and asset functionality used in AAT across domestic business units.

  Partners closely with others on the Governance, Technology, and Valuation teams to ensure adherence to appropriate corporate governance, controls, and documentation policies/procedures.

  Support ad-hoc scenario and discount curve generation requests, internal audit reviews, etc.

  What youll need:

  Actuarial, ALM and/or investment experience preferably in an insurance company context.

  Proficient knowledge of ESGs (Economic Scenario Generators) and their usage within financial industry context (preferably insurance). Exposure to economic scenarios development, and familiarity with STAT reporting would be a plus.

  Experience with VBA, Python, SQL, and / or AXIS highly desired

  Ability to prioritize, plan, and execute across multiple work efforts simultaneously in order to meet both production related items for STAT reporting and drive new initiatives.

  Strong verbal & written communication skills, particularly in explaining technical challenges & writing documentation.

  Bachelors degree in Actuarial Science, Mathematics, Quantitative Finance or a related field.

  Primary location for position is in the Newark, NJ or Hartford, CT office, but open to remote as well.

  ASA/FSA or close to FSA preferred.

  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:

  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 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...

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

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