Associate Actuary (PRT Pricing) (Hybrid)

About the role

The Associate Actuary, Associate Actuary (PRT Pricing) role on the US Funded Pension Risk Transfer Pricing team plays a key role in the overall pricing execution and infrastructure development of Prudential's PRT Business.

Responsibilities

• Collaborate with highly motivated and talented quantitative professionals to develop creative solutions and help achieve aggressive business growth goals.
• Lead financial modeling and pricing execution for US Funded PRT transactions.
• Identify and execute planned process improvements and transformation initiatives by using Python, VBA, SQL and other emerging technology to automate and standardize processes.
• Partner with Modeling and Assumptions teams to test enhancements to actuarial models used for cash flow production, mortality and policyholder behavior underwriting, Statutory/GAAP reserve, and ALM projections.
• Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in PRT transactions.
• Provide timely, accurate and insightful pricing analytics to facilitate confident decision-making and to achieve business goals.
• Collaborate with business and corporate leaders to determine and implement optimal pricing strategies that balance competitiveness and profitability while ensuring compliance with Enterprise Pricing Standards.
• Implement efficient and robust pricing processes and ensure compliance with Model Risk Policies and End User Controls.
• Be an active participant in Prudential’s actuarial community.

Requirements

• College Degree (BA / BS) required.
• ASA with 4+ years of strong actuarial experience (product development, pricing, valuation, GAAP/Stat reporting, financial modeling, asset-adequacy testing, asset/investment/hedging/risk modeling, etc).
• Superior technical skills and ability to understand complex quantitative concepts and models.
• Strong communication skills, particularly in presenting results to senior executives.
• Strong project management skills and ability to juggle multiple urgent priorities.
• Creative problem-solver, particularly in areas with very little clarity or precedence.
• Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards.
• Fast learner and ability to work in a multi-functional team environment.
• Actuarial Exam support provided.

Qualifications

• It'd Be a Plus If You Had:
• A Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields.
• Experience with private US pension plans and/or Enrolled Actuarial designation.
• Working knowledge of VBA, Python strongly preferred.
• Knowledge of other coding languages.
• Investment or ALM experience.
• Other risk/investment professional designations such as CFA, CERA, PRM, FRM or advanced degrees.

Skills

• Technical skills and ability to understand complex quantitative concepts and models.
• Strong communication skills, particularly in presenting results to senior executives.
• Strong project management skills and ability to juggle multiple urgent priorities.
• Creative problem-solving, particularly in areas with very little clarity or precedence.
• Highly motivated and able to thrive in a fast-paced, results-oriented environment with high quality standards.
• Fast learner and able to work in a multi-functional team environment.

Benefits

Prudential offers a comprehensive benefits package including:

• 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).
• 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.

Pay

$114,500.00 to $188,900.00

Schedule

The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.