Job Details
Prudential
Associate Actuary (Hybrid)
Job Classification:
Actuarial - ActuarialEnd-to-End Prudential Retirement Strategies Modeling
Actuarial Enterprise Capabilities is responsible for the design, development, testing and release of inforce end-to-end models within the domestic lines of Prudential business.
This position will focus on Prudential Retirement Strategies (PRS) Modeling, reporting to a director in PRS Modeling, supporting inforce models for individual retirement products. PRS is a critical business segment, representing $300B+ in liabilities and ~40% of Prudential's earnings. This candidate will have exposure to models built in multiple systems, including Moody’s AXIS and Python, and will work as part of a team of ~30 actuaries across the US and India.
Primary Responsibilities:
• Lean into agile best practices to drive culture of technical excellence, focus on value, and prioritization.
• Lead model enhancements, special projects, testing efforts and provide ongoing model support for the Individual Annuities models and E2E processes, including both open source Python capabilities and a Moody’s AXIS vendor model.
• Design solutions and be able to communicate solutions to less technical audiences.
• Partner with Valuation to define requirements and to test model 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.
Qualifications:
• 5+ years actuarial experience including working with actuarial models; management experience is preferred.
• 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.
• Creative problem-solver and results-oriented; experience with model / systems conversions is preferred.
• Superior technical skills. Experience with SQL, Python and other coding languages preferred.
• 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, such as variable annuities.
• Open to remote/virtual location outside of commutable Newark, NJ location.
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.