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Actuarial Associate
Actuarial Associate-September 2024
Flexible / Remote
Sep 20, 2024
ABOUT PRUDENTIAL
Prudential is a financial services company that helps customers grow and protect their wealth.
10,000+ employees
Financial Services, Technology
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About Actuarial Associate

  Job Classification:

  Actuarial - Actuarial

  Prudential's Long-Term Care (LTC) business includes both individual and group products. The position is for an individual contributor who will be an integral part of the LTC actuarial team responsible for liability projections, financial reporting, forecasts and providing support for GAAP and STAT reporting.

  Available for virtual work arrangement if outside of the commutable Newark, NJ area.

  The primary responsibilities of this position include:

  • Conduct the liability projection and financial reporting processes during quarterly financial close. The liability projection activities include forecasting, Premium Deficiency testing, asset adequacy testing liability projections, and others under various risk management frameworks.

  • Validate and maintain the actuarial models, including the updates for new assumptions and regulatory requirements, regression testing, documentation for User Acceptance Test (UAT) and close contact with other business partners.

  • Support external requests including valuation, pricing, auditing, finance, controller and the corporate actuarial department.

  Qualifications:

  • College degree or above.

  • Ongoing actuarial exam progress.

  • Self-motivated and strong drive for results; Must be a team player.

  • Strong experience in MS Excel and MS Access including VBA.

  • SQL and other programming experience preferred.

  • Strong analytical, interpersonal, and communication skills.

  • Long-Term Care knowledge and experience preferred.

  • Experience with the PolySystems software preferred.

  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 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 [email protected] 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 [email protected].

  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 [email protected] to request assistance.

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