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!

For 150 years, Prudential Financial Inc. (“PFI”) has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, Latin America, and Africa. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation.

Individual Life’s (ILI) Actuarial Valuation & Projections Team serves multiple stakeholders across the enterprise by supporting valuation and financial reporting requirements for US GAAP, US STAT, and risk management. The team plays an important role in the execution of the ILI business unit’s strategic objectives.

As part of the US STAT and risk management responsibilities, the ILI Actuarial Cashflow Projections Team is a 5-member team responsible for executing liability cash flow projections supporting asset adequacy testing (AAT), setting of portfolio reinvestment strategies, and monitoring insurance risk and is seeking a candidate for an Associate Actuary role.

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.

What you can expect:

• Prepare and review liability cash flow projections supporting AAT, portfolio management, insurance risk management, and liquidity stress testing.

• Support ILI’s ALM Team by explaining analysis and answering questions about our results.

• Play a key role in and oversee the annual assumption update process, primarily using AXIS and also utilizing Polysystems.

• Recommend and drive process improvements to enhance and streamline the team’s operations.

• Collaborate with ILI’s Modeling team with respect to structural model enhancements.

• Ability to cross-train other team members on AXIS responsibilities and receive training on Python and Polysystems responsibilities.

• Provide documentation and testing support of model changes and model reaffirmations.

• Other responsibilities as assigned.

What you’ll need:

• Experience working in a production environment with tight deadlines and competing priorities.

• Dedication to completing work in a timely and accurate fashion.

• Experience with Term and Universal Life products.

• Experience in actuarial modeling of sensitivity testing and assumption updates.

• Exposure to reinsurance structures including coinsurance and YRT.

• Strong technical skills in AXIS and SQL.

• Excellent verbal and written communication/presentation skills.

It’d be a plus if you had:

• ASA or FSA.

• Familiarity with results analysis tools like PowerBI.

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.

#LI-RRJ

What we offer you:

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 $114,500.00 to $188,900.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• 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.