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Job Details

Prudential

Prudential

Actuarial Associate

Retail

All

Full Time

On Site

No

Newark, New Jersey, United States

Job Classification:

Actuarial - Actuarial

Job Description

The Long Term Care (LTC) actuarial team is seeking a motivated individual to join our Flex team. The role is a unique opportunity as an "internal consultant" on a small, close-knit team that works on virtually all facets of LTC. The Flex team supports the core LTC functions (e.g., Pricing, Assumptions), and also works with many other LTC business partners (valuation, projections, modeling, reporting, and oversight, plus non-actuarial partners like finance and operations).

The general goal of the team is to make the lives of our business partners easier. Some examples of how we seek to accomplish this are:
• Improving existing pricing and/or assumption development tools to be more efficient, more user friendly, and/or more flexible, etc.
• Developing new/replacement tools for a similar purpose
• Creation of metrics/reports
• Ad hoc requests from business

Specific projects for our internal LTC Actuarial partners (Pricing and Assumptions) include:
• Preparation of rate increase filings
• Analysis/exhibit creation for responding to questions from regulators
• Build/maintain models, reports and exhibits
• Managing correspondence with state regulators
• Developing policyholder benefit reduction options to dampen the impact of rate increases to policyholders
• Developing assumptions (data preparation, modeling, and analysis)
• Making presentations to LTC senior leadership and stakeholders
• Weekly Assumption Review Committee attendance
• Exposure to PolySystems implementation and assumption tables

This is a great opportunity for someone new to the actuarial field to work on a dynamic, fast-paced team, with broad subject matter and technical expertise from which to learn.


Location:

Hybrid with 2-3 days/week in Newark, NJ or Dresher, PA office

Requirements:

• Bachelor’s Degree in Actuarial Science or related field required
• Passed a minimum of 1 actuarial exam, with commitment to continue towards actuarial credential
• Experience in some/all of MS Excel, MS Access, MS Word, Visual Basic, Python.
• Strong desire to learn and grow both technical and leadership skills
• Excellent written and oral communication skills
• Ability to work closely with others (collaborate, give/receive/incorporate feedback)
• Detail oriented, with strong analytical and problem solving skills
• High level of self-motivation and ownership of results

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 $64,900.00 to $96,700.00. 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 [Register to View] 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 [Register to View] .

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 to request assistance.

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