Actuarial - Actuarial
Actuarial Enterprise Capabilities is responsible for the design, development, testing and release of inforce end-to-end models within the domestic lines of Prudential business.
This position is to serve as technical lead for Prudential Retirement Strategies (PRS) Modeling, reporting to the head of PRS Modeling, supporting inforce models for individual annuities and institutional retirement products, representing $300B+ in liabilities and ~40% of Prudential's earnings. This role will give the candidate exposure to models built in AXIS, PolySystems, and Python, and work as part of a team of ~30 actuaries across the US and India.
· Support model conversions and transformation
· Serve as model developer on complex changes
· Train more junior associates and oversee their work
· Design solutions and be able to communicate solutions to less technical audiences
· 10+ years of actuarial experience
· Strong modeling experience
· Knowledge in retail annuity products or pension risk transfer
· Strong quantitative modeling and analytical skills; ability to understand and explain complex quantitative concepts and end-to-end models/systems
· Effective verbal and written communication skills; able to explain technical concepts to non-technical audience
· Highly motivated individual who can work equally well independently and in a team environment
· 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 $151,500.00 to $204,900.00. 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].
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