Hybrid Senior Actuarial Associate – ILI Valuation, Projections Team

at Prudential Financial

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

About the role

• Senior Actuarial Associate preparing liability cash flow projections for Prudential's valuation and projections team. Supporting AAT, risk management, and other vital financial responsibilities.

Responsibilities

• Prepare liability cash flow projections supporting AAT, sensitivity testing, portfolio management, insurance risk management, and liquidity stress testing and assess reasonability of the results
• Prepare other deliverables and key inputs, such as reserve true-ups, scenario files, inforce data validations, and post-model adjustment tools
• Provide support for the annual assumption update process, primarily using AXIS and also utilizing Polysystems
• Provide documentation and testing support of model changes and model reaffirmations
• Other responsibilities as assigned

Requirements

• 2+ years of actuarial experience
• Dedication to completing work in a timely and accurate fashion
• Strong technical skills in SQL
• Basic experience in AXIS
• Excellent verbal and written communication/presentation skills
• ASA (a plus)
• Familiarity with results analysis tools like PowerBI (a plus)
• Experience working in a production environment with tight deadlines and competing priorities (a plus)

Benefits

• 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.