Senior Actuarial Associate (Fixed Annuity Pricing)

Prudential Financial • Newark, NJ

12d • Hybrid

About The Position

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 Annuity Pricing team is responsible for executing crediting rate actions across the entire individual annuity suite of products, employing product management levers to meet risk/return objectives. The team is also responsible for developing and implementing strategies to balance profit targets with sales goals while considering impacts to customer experiences. The Senior Actuarial Associate will support those activities for our Fixed product suite. The current employee work arrangement for this position is hybrid or 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.

Requirements

• Two plus years of actuarial experience.
• High‐energy individual who is self-motivated, enthusiastic, curious, and has a growth mindset.
• Ability to own/drive deliverables, manage time, and handle multiple priorities simultaneously.
• Strong collaboration skills; Ability to partner with peers and leaders across business and corporate functions.
• Ability to grasp complex concepts and provide insightful analytics.
• Continuous improvement mindset with desire to reimagine work in a tech-forward way.
• Excellent oral and written communication skills, particularly in explaining technical results to non-technical audiences.
• Exposure to or willingness to learn programming languages (i.e., SQL, Python, Power BI, VBA).

Responsibilities

• Working with Annuities business partners to manage rate setting and rate renewals for fixed and fixed index annuities (e.g., MYGA, FIA).
• Assisting in special projects to improve analytical value to stakeholders.
• Contributing to process improvements by leveraging various platforms including Excel, SQL, Python, and PowerBI.
• Understanding and explaining annuities’ key financial drivers to Annuities business partners.
• Implementing appropriate pricing assumptions to be used in rate setting.
• Working with investments department to manage investments and hedging of equity-based annuity guarantees and ALM.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed