Associate Actuary-Retirement Modeling (Hybrid))

Job Classification:

Actuarial - Actuarial

Associate Actuary - Retirement Modeling (Virtual)

Prudential Financial, Inc. 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. For more information, please visit www.prudential.com. 

Prudential Retirement Strategies (PRS) delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit www.prudential.com/retire. 

Description

Prudential Retirement Strategies (PRS) has an exciting opportunity for an Associate Actuary to modernize and maintain the financial projection models used by the PRS actuarial pricing team. The models are used for pricing institutional products (including Pension Risk Transfer, Longevity Risk Transfer, Stable Value, and Structured Settlements) and are used for pricing transactions of sizes ranging from $1 million to $35 billion.

Key responsibilities

• Provide live pricing support for model questions and technology challenges
• Collaborate with pricing and methodology teams to implement modeling requests in Excel/VBA, Python, and MATLAB
• Convert legacy models and tools from platforms such as Excel/VBA into Python
• Maintain SQL server instances with the assistance of a professional DBA
• Create user interfaces in Dash
• Maintain strong model documentation and follow coding and testing best practices

Qualifications

Required

• 4+ years of actuarial experience or equivalent experience in a similar quantitative financial field
• Solid programming skills (e.g. VBA, Python, or other programming languages) and understanding of object-oriented architecture
• Knowledge of institutional products and markets
• Strong communication skills and ability to explain technical concepts to a nontechnical audience
• Willingness to continuously learn, upskill, and share best practices with the rest of the team

Preferred

• Python or MATLAB development experience
• Experience with retirement modeling or pricing
• Experience developing financial services applications
• Front-end web development experience, experience with Dash is most desirable
• NoSQL database experience (Cassandra or similar)
• Knowledge of agile methodologies
• ASA preferred

Open to remote/virtual location outside of commutable Newark, NJ location

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $111,400.00 to $165,800.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or 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.

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 www.prudential.com 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 [email protected] for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email [email protected].

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.