Associate Actuary; PRT Pricing; Hybrid Opens in window

Associate Actuary (PRT Pricing) (Hybrid)

Prudential Tower, 655 Broad Street, Newark, NJ

Learn more about our culture and why you’ll thrive in this role.
Associate Actuary on the US Funded Pension Risk Transfer Pricing team plays a key role in overall pricing execution and infrastructure development.

Current work arrangement is hybrid, requiring on‑site presence on a recurring basis as determined by the business.

• Collaborate with highly motivated quantitative professionals to develop creative solutions.
• Lead financial modeling and pricing execution for US Funded PRT transactions.
• Identify and execute planned process improvements using Python, VBA, SQL and emerging technology.
• Partner with Modeling and Assumptions teams to test enhancements to actuarial models.
• Analyze population and pension plan specific data to determine mortality and other demographic assumptions.
• Provide timely, accurate pricing analytics to support decision‑making.
• Collaborate with business and corporate leaders to determine and implement optimal pricing strategies.
• Support internal efforts to secure approvals from Retirement Strategies leaders and governing bodies.
• Implement efficient and robust pricing processes and ensure compliance with Model Risk Policies.
• Be an active participant in Prudential’s actuarial community.

• College degree (BA/BS) required.
• ASA with 4+ years of actuarial experience in product development, pricing, valuation, GAAP/stat reporting, financial modeling, asset‑adequacy testing, and investment or risk modeling.
• Superior technical skills and ability to understand complex quantitative concepts.
• Strong communication skills, especially in presenting results to senior executives.
• Strong project‑management skills and ability to juggle multiple priorities.
• Creative problem‑solver in low‑clarity or precedent areas.
• Highly motivated and able to thrive in a fast‑paced, results‑oriented environment.
• Fast learner and capable of working in a multi‑functional team.
• Actuarial exam support provided.

• Degree in Actuarial Science, mathematics, finance, computer science or related quantitative field.
• Experience with private US pension plans and/or Enrolled Actuarial designation.
• Proficiency in VBA and Python; knowledge of other coding languages.
• Investment or ALM experience.
• Other risk/investment designations such as CFA, CERA, PRM, FRM or advanced degrees.

Prudential is required to include the salary range for this role in applicable locations. The salary range is $ to $, varying by location, experience and skills. In addition to a competitive base salary there is a yearly bonus potential at every level.

• Medical, dental, vision, life, disability insurance and paid time off.
• 401(k) plan with company match up to 4 %.
• Company‑funded pension plan.
• Wellness program including up to $1,600 a year reimbursement for wellbeing.
• Work‑life resources covering parenting, senior care, finance, legal, education, mental health and career development.
• Education benefit to help finance college enrollment or accredited certificate programs.
• Employee Stock Purchase Plan with discounted purchase price.

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, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.

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