Job Classification:
Actuarial - ActuarialAre you an experienced actuary looking to expand your career? Prudential has an opportunity for an Associate Actuary. This position will be a member of the Individual Life Insurance (ILI) Pricing area within US Business Actuarial team and focus on Pricing model development, modeling capabilities and risk analytics. The associate actuary will work closely with other members of the Pricing team as well as other functions, including Chief Investment Office (CIO), Assumptions, Valuation, Projections and Modeling Capabilities. The role will be a key member in supporting the pricing, repricing and profitability reporting of ILI products.
The current employee work arrangement for this position is hybrid or fully virtual and may require your on-site presence on a reoccurring basis as determined by your business, dependent on the candidate's location. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:
Build dedicated pricing model that caters to pricing specific attributes and promotes nimble and efficient interaction
Build new pricing functionalities and advanced risk analytics
Evaluate/Build the integration of advanced ALM and hedging modeling capabilities
Continuously monitor regulatory environment, methodology and perform impact analysis
Evaluation of future state pricing modeling platforms
Reduce external processes, standardize modeling practices, and enhance End to End (E2E) process automation
Comply with risk and control frameworks, especially around model management
Ad-hoc requests
What you’ll need:
4+ years of related work experience
Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field
2+ years of model development experience in AXIS, Prophet, PolySystems or other open-source actuarial platforms
Proficient in software development languages, such as Python, VBA, C#
Strong curiosity to learn and comfortable with new technology and AI tools
Strong problem solving and creative thinking skills
Ability to independently design practical and innovative solutions
Ability to grasp complex concepts and comfortable working with ambiguity
Ability to own/drive deliverables, manage time, and collaborate are required
Excellent oral and written communication skills
It’d be a plus if you had:
Actuarial exams progress
Experience with life insurance
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.
401(k) plan with company match (up to 4%).
Company-funded pension plan.
Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
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.
Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
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.
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.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
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What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients. The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives. In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact. *Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
