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
Global Capabilities – PRS Modeling is responsible for the design, development, testing and delivery of actuarial modeling solutions across Prudential. This position will focus on Prudential Retirement Strategies (PRS) Capabilities, reporting to a director in the group, supporting inforce modeling and post-valuation processes for individual retirement products. Initially, this role will be focused on the ALM model surrounding VM21 and working to utilize a more sophisticated ALM model for this calculation. This individual will be a key part of the overall PyVal+ team and will partner closely both with other members of the team as well as broadly across teams, including with Valuation, Pricing, CIO, Technology and others.
What you can expect:
• Lean into agile best practices to drive culture of technical excellence, focus on value, and prioritization.
• Enhance the current VM21 approach for variable annuities to leverage CIO developed ALM model.
• Maintain existing VM21 ALM tool, until the new approach is fully transitioned to.
• Support the maintenance of our in-house open source Python-based model for annuities products that have been recently converted from Moody’s AXIS.
• Design and support testing of solutions and be able to communicate those solutions to a range of audiences.
• Partner across teams, including Valuation and the Chief Investment Office, to define requirements and to test model and process enhancements.
• 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.
What you’ll need:
• 5+ years actuarial experience including working with actuarial models and ALM.
• Strong quantitative modeling and analytical skills; ability to understand and explain complex quantitative concepts and end-to-end models/systems.
• Effective verbal and written communication skills; able to explain technical concepts to non-technical audience.
• Superior technical skills. Experience with SQL, Python and other coding languages preferred.
• Creative problem-solver and results-oriented
• Fast learner and ability to work in a multi-functional team environment
• Highly motivated individual who can work equally well independently and in a team environment.
• Knowledge in retail annuities is preferred, such as variable annuities.
• ASA preferred
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 $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.
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.
