Senior Actuarial Associate (PRT Pricing)

Prudential Annuities Distributors (PAD); Newark (NJ); Hybrid; USD 99,700 - 148,500; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) plan with company match

Wellness Programs reimbursement

Education Benefit for college

Employee Stock Purchase Plan

Job summary

A leading financial services firm based in Newark, NJ is seeking an experienced actuary to join their Pension Risk Transfer team. This role involves pricing transactions, analyzing data, and working collaboratively to develop solutions. The ideal candidate holds a Bachelor's degree and has at least 2 years of actuarial experience with strong Excel and programming skills. A hybrid work model is available, and the firm offers competitive compensation alongside a comprehensive benefits package.

Qualifications

• Minimum of 2 years of actuarial experience with 3 actuarial exams passed.
• Strong technical skills to understand complex quantitative concepts.
• Deep knowledge of Microsoft Excel and other Office software.

Responsibilities

• Price complex Pension Risk Transfer transactions.
• Analyze population and contract specific data.
• Execute modeling for financial projections and pricing recommendations.

Skills

Actuarial skills

Communication skills

Problem-solving

Education

Bachelor's degree

Tools

Excel

Python

SQL

Job description

Job Classification:Actuarial - Actuarial# **What we offer you:**# 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 $99,700.00 to $148,500.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.* **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.*** 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. To find out more about our Total Rewards package, visit Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.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.If you need an accommodation to complete the application process, please email [e-mail] you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!The US Funded PRT Pricing team operates in a fast-paced, highly collaborative, customer and deal focused environment. This position plays a primary role in the execution of transaction pricing and infrastructure development for Prudential’s rapidly growing US Pension Risk Transfer business.**The current employee work arrangement for this position is hybrid** and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.**What you can expect:*** Price complex Pension Risk Transfer transactions. This work would involve the creation of liability cashflows and reserves, ALM modeling, and financial statement analysis.* Analyze population and contract specific data to determine mortality and other demographic assumptions used in Funded transactions.* Execute modeling and generate analysis of financial projections to drive pricing recommendations.* Contribute to improving existing processes by leveraging best practices and various platforms including Excel, Python & SQL.* Work with a broad group of actuarial and business partners in a fast-paced, customer and deal-focused environment.**What you’ll need:*** Bachelor's degree required.* Minimum of 2 years of actuarial experience with a minimum of 3 actuarial exams passed.* Strong technical skills to understand complex quantitative concepts and financial projection model.* Deep knowledge of Microsoft Excel and other Office-suite software.* Understanding of Life/Annuity products, capital markets, and pension plans.* Highly motivated, innovative problem solver and conceptual thinker that excels in collaborative work environments.* Good verbal & written communication skills, particularly in explaining technical results to non-technical audiences.* Actuarial exam support provided.**It’d be a plus if you had:*** Degree in Actuarial Science, Mathematics, Statistics, Computer Science, or other STEM field preferred.* LTAM is preferred.* Strong working knowledge of at least one programming language such as Python, C#, SQL, VBA preferred.Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.**At Prudential, you can:**Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.#LI-RRJPrudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom,