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
Associate Actuary (Model Development and Software Development)
What you can expect:
This role will support Global Capabilities to design, develop, test, and deliver actuarial modeling solutions. We support numerous use-cases for these modeling solutions, including Valuation, Pricing, Forecasting, and Capital Optimization. Our team is collaborating with several cross-functional teams to stand up a new modeling platform as a key part of the Financial Management organization’s broader transformational effort. The initial focus will be on building a more efficient forecasting process to support individual business units, eventually expanding to supporting the enterprise.
Responsibilities:
Support the build and re-design of a forecast process
• Reduce reliance on manual interventions and cross-team dependencies
• Enable ad-hoc forecasting capability to any customer/consumer
• Enhance forecast reporting to enable capital planning decisions
• Ensure solutions meet model governance standards and best practices
Implement solutions in an end-to-end architecture (Eureka! platform)
• Design and develop data transformation processes, workflow automation, post-model calculations, and results analysis tools using Python code
• Evaluate and recommend actuarial methodology, simplifications, and approximations
• Develop within a CI/CD framework to ensure scalability and future changes
• Coordinate frequent releases to enable value delivery
Collaborate with business and technology partners to implement scalable architecture
• Test end-to-end capabilities to ensure coverage internal reporting needs, including sensitivity and attribution runs
• Extend the platform to cover new use-cases and capabilities
• Identify business needs, propose solutions, and define execution plans
• Solutions are transparently documented
What you’ll need:
Required-
• Bachelor’s Degree
• Progress made towards an actuarial credential
• 2+ years of experience in actuarial work (valuation, forecasting, capital management)
• Experience with software engineering or constructing/evaluating actuarial models
• Familiarity with agile methodologies and eagerness to partner with stakeholders
It’d be a plus if you had:
• Understanding of asset and liability management processes and models
• Knowledge of US insurance financial reporting and regulatory framework
• Open to remote/virtual 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 $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.
Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
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.
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.
