Associate Actuary

2 months ago

Hartford, United States Prudential Financial Full time

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

This position will be a member of the Individual Life Insurance (ILI) Pricing area within US Business Actuarial team. The candidate will work closely with other members of the Pricing team as well as other functions, including Chief Investment Office (CIO), Assumptions, and Valuation & Enterprise Capabilities. The role will be responsible for supporting the pricing, repricing and profitability reporting of ILI products.

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.

This individual will support a team responsible for:
  • Management of a centralized pricing model under a controlled environment
  • Build dedicated pricing model that caters to pricing-specific attributes and promotes nimble and efficient interaction
  • Reduce external processes, standardize modeling practices, and enhance End to End (E2E) process automation
  • Testing of new functionality or updates made to pricing model
  • Quarterly modeling and reporting of the profitability of new business
  • Performance of regulatory testing and preparing materials for state filings
  • Comply with risk and control frameworks, especially around model management
  • Ad-hoc requests

What you’ll need:
  • Enthusiastic, curious, and self-motivated individual
  • Ability to own/drive deliverables, manage time, and collaborate are required
  • Ability to independently design innovative solutions
  • Ability to grasp complex concepts and provide insightful analytics
  • Strong experience in AXIS, Python or other programming languages preferred
  • ASA designation preferred
  • Experience with life insurance a plus
  • Excellent oral and written communication skills
  • Primary location for position is Newark, NJ or Hartford, CT.

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.

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