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!
For more than 140 years, Prudential Financial Inc. has helped individual and institutional customers grow and protect their wealth by being a life insurance & asset management industry leader that provides innovative solutions to a variety of markets. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, and Latin America. Prudential continues to grow and expand globally with operations around the world.
The Senior Actuarial Associate will assist Prophet implementation initiatives for our Emerging Markets and ALM modeling in GGY AXIS for our US businesses. This may include supporting various LDTI & IFRS17 Prophet modeling projects and various AAT, PBR, Capital Management GGY AXIS modeling projects.
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.
What you can expect:
- Works collaboratively with business partners throughout the Prudential organization and local operations to develop and maintain highly automated production process for those partners.
- Assist and build Prophet modeling initiatives for international operations with local specific product features and regulatory needs in each jurisdiction.
- Work on Prophet model development, validation, and documentation of liability cash flow generation for IFRS 17 (International Financial Reporting Standard), USGAAP LDTI (Long Duration Targeted Improvements) and other frameworks for various PII jurisdictions.
- Serves as a resource in implementing and validating ALM modeling changes in support of Asset Adequacy Testing, capital, PBR, GAAP modeling, and other ALM related purposes. This mainly involves development of AXIS modeling and in-house solutions that are primarily based on Python & SQL.
- Partners closely with others on the Governance, Technology, and Valuation teams to ensure adherence to appropriate corporate governance, controls, and documentation policies/procedures.
What you’ll need:
- Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields are preferred
- 2+ years of actuarial modeling experience preferably in an insurance company
- Actuarial exam progress towards ASA designation is preferred
- Technical skills with programming experience in either Prophet (or similar open-source model) or GGY AXIS and SQL or SAS; experience in Python and C# a plus
- Quantitative and analytics skills, including the ability to understand concepts and assess situations in a timely manner
- Self-motivated individual
- Strong communication skills with the ability to work effectively in a team environment
- Strong Microsoft Excel/Word/Access/PowerPoint skills
- Ability to manage multiple priorities and deliverables
- We support the SOA actuarial exam progression with paid time off to study and exam costs.
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:
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:
- 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 $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. 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 affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential 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.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
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.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
