Hybrid Senior Actuarial Associate – Fixed Annuity Pricing

at Prudential Financial

• Job title: Senior Actuarial Associate – Fixed Annuity Pricing
• Job type: Full Time
• Experience level: Senior
• Salary: $96,200 - $158,800 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Python, SQL, VBA
• Location requirements: Hybrid, Newark, United States

About the role

• Senior Actuarial Associate managing rate setting and renewals for fixed annuities at Prudential. Collaborating with business partners and improving processes using analytical tools.

Responsibilities

• Working with Annuities business partners to manage rate setting and rate renewals for fixed and fixed index annuities (e.g., MYGA, FIA).
• Assisting in special projects to improve analytical value to stakeholders.
• Contributing to process improvements by leveraging various platforms including Excel, SQL, Python, and PowerBI.
• Understanding and explaining annuities’ key financial drivers to Annuities business partners.
• Implementing appropriate pricing assumptions to be used in rate setting.
• Working with investments department to manage investments and hedging of equity-based annuity guarantees and ALM.

Requirements

• Two plus years of actuarial experience.
• High‐energy individual who is self-motivated, enthusiastic, curious, and has a growth mindset.
• Ability to own/drive deliverables, manage time, and handle multiple priorities simultaneously.
• Strong collaboration skills; Ability to partner with peers and leaders across business and corporate functions.
• Ability to grasp complex concepts and provide insightful analytics.
• Continuous improvement mindset with desire to reimagine work in a tech-forward way.
• Excellent oral and written communication skills, particularly in explaining technical results to non-technical audiences.
• Exposure to or willingness to learn programming languages (i.e., SQL, Python, Power BI, VBA).

Benefits

• Medical, dental, vision, life insurance, disability insurance
• Paid Time Off (PTO)
• 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.