
Senior Actuarial Associate – Fixed Annuity Pricing
Prudential Financial
full-time
Posted on:
Location Type: Hybrid
Location: Newark • New Jersey • United States
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Salary
💰 $96,200 - $158,800 per year
Job Level
About the role
- Working with Annuities business partners to manage rate setting and rate renewals for fixed and fixed index annuities (e.g., MYGA, FIA).
- Assisting in special projects to improve analytical value to stakeholders.
- Contributing to process improvements by leveraging various platforms including Excel, SQL, Python, and PowerBI.
- Understanding and explaining annuities’ key financial drivers to Annuities business partners.
- Implementing appropriate pricing assumptions to be used in rate setting.
- Working 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).
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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
actuarial experienceanalytical skillspricing assumptionsfinancial driversprocess improvementsdata analysis
Soft Skills
self-motivatedenthusiasticcuriousgrowth mindsettime managementcollaborationinsightful analyticscontinuous improvementcommunication skills