Senior Actuarial Associate
Prudential Financial
- Newark, NJ
- $97,300-144,900 per year
- Permanent
- Full-time
- Complete quarterly production tasks in a timely manner to support reporting of various GAAP balances (DAC, URR, Net Liability Reserves, SOP03-1, Cost of Reinsurance, Loss Recognition, and FAS133 Embedded Derivative), which may include review of inputs received from business partners, valuation system runs, and preparation of reports and analytics.
- Assist with ad-hoc strategic initiatives (e.g. Potential Reinsurance transactions, Annual Assumption Unlock quantifications, and Sensitivities analysis).
- Produce insightful analytics around quarterly GAAP valuation processes to drive business insights, linking actuarial movements to underlying drivers of the ILI business.
- Exhibit an ownership mentality with business partner deliverables (Finance, Forecasting) to thoroughly understand downstream uses to drive insights and outcomes.
- Utilize available technology (e.g. SQL, Python, PowerBI) to develop and expand reporting tools and analytics for more efficient and effective communication of results to management and stakeholders.
- Proactively analyze predictors of reserve balances to ILI management and business partners.
- Work closely with Modeling associates to perform user acceptance testing of enhancements to ILI valuation system and Liability Data Warehouse to ensure accuracy of amounts booked to ledger accounts and attributions of GAAP balances.
- Strong organizational and project management skills coupled with a high degree of curiosity on current processes and systems.
- Strong analytics skills and ability to critically review own work and work product of other team members.
- Ability to collaborate to develop creative yet practical solutions to challenging problems to meet the needs of our customers.
- Ability to partner effectively with colleagues across multiple time zones, business groups, and corporate areas.
- Excellent oral and written communication skills.
- 3+ years of experience, with progress toward ASA designation.
- Coding (SQL, Python, vba), prior actuarial model experience (Poly, AXIS, ALFA, Prophet), and/or familiarity with individual life insurance products or GAAP reporting requirements desired but not required.
- Market competitive base salaries, with a yearly bonus potential at every level
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
- Retirement plans:
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- Wellness Programs to help you achieve your wellbeing goals, 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.
- Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
- 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.
If you need an accommodation to complete the application process, which may include an assessment, please email .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 to request assistance.