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Actuarial Associate
Actuarial Associate-March 2024
Newark
Mar 16, 2025
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

  Actuarial Associate - Retirement Strategies Institutional R&D

  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!

  Support development of pricing framework for Longevity Reinsurance in new jurisdictionsCollaborate with modeling and pricing teams to make improvements to asset optimization capabilitiesSupport product development initiatives and pricing of Funded Reinsurance, Longevity Reinsurance (LRT), deals and Pension Risk Transfer (PRT) deals

  What you can expect:

  Continuously improve pricing frameworks and methodologies for institutional Retirement Strategies products including initiatives with the modeling team to streamline models and coding languages

  Provide actuarial analysis for ad hoc new business requests

  Analyze GAAP and Statutory financials including VM-22 reserving as part of new product development, potential pricing framework and methodology changes for institutional Retirement Strategies businessesSupport development of models and methodologies to underwrite mortality for institutional Retirement Strategies productsMonitor updates to Risk-Based Capital (RBC) factors and support development of methodologies to price future required capital

  What you'll need:

  Ability to act with urgency and deliver tasks within deadlinesStrong analytical, interpersonal, and communication skillsExperience with data manipulation and analysis using Microsoft ExcelIntellectual curiosity to try to understand the bigger picture even when not required to complete smaller tasks and a problem-solving mindset to proactively propose solutions when issues arisePassed at least 1 exam from the Society of Actuaries

  It'd be a plus if you had:

  Knowledge of Python, SQL, or VBA is a plus

  Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

  At Prudential, you can:

  Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.

  We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

  What we offer you:

  Market competitive base salaries, with a yearly bonus potential at every levelMedical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leaveRetirement plans:401(k) plan with company match (up to 4%)Company-funded pension planWellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needsWork/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.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.

  To find out more about our Total Reward 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.

  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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