Senior Actuarial Associate (Fixed Annuity Pricing)

About the role

The Annuity Pricing team is responsible for executing crediting rate actions across the entire individual annuity suite of products, employing product management levers to meet risk/return objectives. The team also develops and implements strategies to balance profit targets with sales goals while considering impacts to customer experiences.

Responsibilities

• Support rate setting and rate renewals for fixed and fixed index annuities (e.g., MYGA, FIA).
• Assist in special projects to improve analytical value to stakeholders.
• Contribute to process improvements by leveraging various platforms including Excel, SQL, Python, and PowerBI.
• Understand and explain annuities' key financial drivers to Annuities business partners.
• Implement appropriate pricing assumptions to be used in rate setting.
• Work 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).

Qualifications

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

Skills

Exposure to or willingness to learn programming languages (i.e., SQL, Python, Power BI, VBA).

Benefits

Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

Pay

$96,200.00 to $158,800.00

Schedule

The current employee work arrangement for this position is hybrid or virtual and may require your on-site presence on a reoccurring basis as determined by your business, dependent on the candidate's location.