About the role

Associate Actuary developing and refining pricing methodology for Prudential Retirement Strategies. Collaborating cross-functionally to manage pricing models and ensure compliance with governance requirements.

Responsibilities

Design, refine and manage the model testing and control processes; incorporate best practices and continuously improve the effectiveness and efficiency of the processes
Lead on execution of testing initiatives, including managing testing resources and timelines, prioritizing workstreams, conducting rigorous testing and review, and developing comprehensive testing results documents
Interact closely with model developers to share testing findings, provide feedback / suggestions, and ensure identified issues are addressed properly
Coordinate with model users for adequate UATs
Collaborate with AMC and MRMG to ensure compliance to the model risk governance requirements
Proactively drive methodology refinements and technology advancements to generate enhanced modeling capabilities by conducting innovative research
Collaborate with the Modeling, New Initiatives and Pricing Teams to provide support for Business Unit/Enterprise initiatives, such as new methodology for product innovations or pricing framework changes, ALM risk analysis, required capital framework.

4-5 years of actuarial experience or equivalent experience in a similar quantitative financial field; knowledge in retail annuity and institutional retirement products is desirable
Strong quantitative modeling and analytical skills; understanding of financial instruments and asset liability risk management preferred
Solid programming skills (e.g., VBA or other programming languages)
Experience with MATLAB, Python, and predictive modeling / machine learning is a big plus
Strong project management skill; strong execution with attention to detail
Good verbal and written communication skills; able to explain technical concepts to non-technical audience
Highly motivated individual who can work equally well independently and in a team environment.

Medical, dental, vision, life insurance, disability insurance
Paid Time Off (PTO)
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 well-being 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.