Hybrid Associate Actuary

at Prudential Financial

• Job title: Associate Actuary
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $114,500 - $188,900 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Python, SQL, VBA
• Location requirements: Hybrid, Newark, United States

About the role

• Associate Actuary focusing on ALM Modeling for Prudential Financial's Finance and Actuarial Organization. Supporting transformation projects and managing infrastructure for enterprise-level use-cases.

Responsibilities

• Develop and maintain automated production processes to enhance efficiency and accuracy in ALM modeling and enterprise long-term assumptions
• Collaborate with business partners throughout the Prudential organization to develop and maintain highly automated production processes to enhance efficiency and accuracy in ALM modeling
• Serve as a key resource in implementing and validating ALM modeling infrastructure changes in support of Asset Adequacy Testing (AAT), capital, PBR, GAAP assumptions, economic scenarios, and other ALM-related purposes
• This mainly involves developing in-house solutions based on Python and SQL
• Collaborate with business partners throughout the Prudential organization to ensure adherence to corporate governance, controls, and documentation policies/procedures

Requirements

• 3+ years of actuarial, ALM, and/or modeling experience, preferably in an insurance company context
• Strong technical skills with programming experience in Python, VBA, and SQL (C# is a plus)
• Ability to prioritize, plan, and execute across multiple work efforts simultaneously to meet competing deadlines for AAT, PBR, and GAAP reporting and drive new solutions
• Quantitative and analytics skills, including the ability to understand concepts and assess situations in a timely manner
• Strong verbal and written communication skills, particularly in explaining technical challenges and writing documentation
• Bachelor's degree in Actuarial Science, Mathematics, Quantitative Finance, or a related field
• Progression toward actuarial credentials such as ASA or FSA
• Experience with asset and reinvestment modeling is a plus

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