Senior Actuarial Associate
Prudential
2021-12-03 07:32:47
Newark, New Jersey, United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Job Classification:
Actuarial - Actuarial
ALM Methodology and Analytics
Prudential Financial is a life insurance & asset management industry leader that provides innovative solutions to a variety of markets. This position's primary focus is performing modeling & analysis in support of key strategic projects as part of the Asset Liability Management (ALM) Methodology & Analytics Frameworks team. This role provides an opportunity to engage and drive impacts for all the insurance businesses of Prudential Financial.
Job Responsibilities:
* Execute modeling & generate analysis in support of ALM opportunities, such as investment strategy & balance sheet management opportunities, using various platforms including but not limited to Moody's AXIS, Python, & Excel
* Perform inforce investment modeling, methodology, & assumptions annual reviews
* Contribute to building out calculations of new financial measures as well as improving existing processes
Requirements:
* Superior technical skills with modeling & basic programming experience preferably in GGY Axis, SQL, VBA, Python.
* 1-3 years of actuarial, ALM, and/or investment modeling experience preferably in an insurance company context
* Ability to prioritize, plan, and execute across multiple work efforts simultaneously to meet competing deadlines
* Eager to tackle challenging problems and comfortable thinking on your feet
* Emerging knowledge of GAAP & Statutory financial principles
* Emerging knowledge of fixed income, derivatives and alternative asset modeling concepts
* Strong verbal & written communication skills, particularly in explaining technical challenges & writing documentation
* Bachelor's degree in Actuarial Science, Mathematics, Quantitative Finance or a related field
Preferred:
* Actuarial exams a plus but not required
* Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident.
Salary range specific to Colorado: ($86,200 to $122,400)+ discretionary incentive bonus + benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
Primary location for position is in the Newark, NJ office, but open to a remote as well. The position is currently remote until January 2022.
* Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at for more information about doing business with Prudential.
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