Job Classification:

Actuarial - Actuarial

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!

Prudential Financial is a life insurance & asset management industry leader that provides innovative solutions to a variety of markets. This position’s primary focus is Asset Adequacy Testing (AAT) production for Individual Life Insurance and Long Term Care within Global Valuation – ALM Projections team within the Finance and Actuarial Organization. In this role, the associate will have the opportunity to develop a blend of technical and business knowledge.

The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:

• Primary focus is STAT ALM production for Individual Life Insurance and Long Term Care AAT, which includes baseline testing, sensitivities testing, stress testing and required capital calculation. Perform ALM modeling in GGY AXIS and input database staging in SQL Management studio. The associate will develop a strong understanding of ALM modeling as well as projection output analysis and identify drivers of results.
• Test and validate modeling changes, ensure reasonability of overall model results, and comply with model governance, controls, and documentation policies/procedures.
• Support preparing Appointed Actuary’s memoranda, result exhibits, regulatory reporting, and other supplements.
• Engage in projects to support business initiatives, new products, and modeling/methodology improvements.
• Provide actuarial analysis for ad hoc requests involving regulatory requirements.

What you’ll need:

• Minimum 4 years of professional work experience in actuarial, ALM and/or investment experience preferably in an insurance company context.
• Strong technical skills with programming experience in SQL and/or Python. Experience in AXIS or similar actuarial modeling platform a plus.
• Strong project management skills with attention to details. Ability to prioritize, plan, and execute across multiple work efforts simultaneously to meet production related items for STAT reporting.
• Strong verbal & written communication skills, particularly in explaining technical challenges & writing documentation.
• Bachelor’s degree in Actuarial Science, Mathematics, Quantitative Finance or a related field.
• Primary location for position is in the Newark, NJ or Hartford, CT office, but open to remote as well.
• Actuarial exams are required. ASA and making progress toward FSA preferred.

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 such as 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 level
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
• Retirement plans:
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, 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.
• 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, see our Total Rewards Brochure. 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 $115,800.00 to $172,300.00. 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.