Full-Time

Director

Actuary, Model Development & Software Development

Updated on 11/26/2024

Prudential Financial

Prudential Financial

10,001+ employees

Provides insurance, investment, and retirement solutions

Fintech
Financial Services

Compensation Overview

$160.7k - $217.3kAnnually

+ Bonus

Mid

Remote in USA

Open to remote/virtual location.

Category
Insurance
Finance & Banking
Software Engineering
Required Skills
Python
Requirements
  • Bachelor’s Degree
  • ASA or higher actuarial credentials
  • 3+ years of experience in actuarial work (valuation, forecasting, capital management)
  • 3+ years of experience with actuarial regulatory frameworks (US Statutory, US GAAP, Bermuda)
  • Experience with software engineering or constructing/evaluating actuarial models
  • Familiarity with agile methodologies and eagerness to partner with stakeholders
Responsibilities
  • Support the build and re-design of a forecast process:
  • • Reduce reliance on manual interventions and cross-team dependencies
  • • Enable ad-hoc forecasting capability to any customer/consumer
  • • Enhance forecast reporting to enable capital planning decisions
  • • Ensure solutions meet model governance standards and best practices
  • Implement solutions in an end-to-end architecture (Eureka! platform):
  • • Design and develop data transformation processes, workflow automation, post-model calculations, and results analysis tools using Python code
  • • Evaluate and recommend actuarial methodology, simplifications, and approximations
  • • Develop within a CI/CD framework to ensure scalability and future changes
  • • Coordinate frequent releases to enable value delivery
  • Collaborate with business and technology partners to implement scalable architecture:
  • • Test end-to-end capabilities to ensure coverage internal reporting needs, including sensitivity and attribution runs
  • • Extend the platform to cover new use-cases and capabilities
  • • Identify business needs, propose solutions, and define execution plans
  • • Solutions are transparently documented

Prudential Financial provides a variety of financial services, including insurance, investment management, and retirement planning. Their products help individuals and institutions achieve financial security and growth. Prudential offers life insurance, annuities, mutual funds, pension services, and asset management. The company generates revenue through premiums, fees, and investment income. What sets Prudential apart from its competitors is its focus on building long-term relationships with clients and offering comprehensive financial planning to ensure they are prepared for the future.

Company Stage

IPO

Total Funding

N/A

Headquarters

Newark, United Kingdom

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Prudential's leadership in the financial services industry is reinforced by its strategic investments and acquisitions, which can lead to enhanced growth opportunities.
  • The company's recognition as a top company for executive women highlights its commitment to diversity and inclusion, potentially attracting top talent.
  • Prudential's focus on outcome-based work and strategic workforce management can lead to increased productivity and employee satisfaction.

What critics are saying

  • The financial services industry is highly competitive, and Prudential must continuously innovate to maintain its market position.
  • Economic downturns or changes in regulatory environments could impact Prudential's revenue streams from premiums, fees, and investment income.

What makes Prudential Financial unique

  • Prudential Financial's global reach and comprehensive suite of financial services, including insurance, investment management, and retirement planning, set it apart from competitors who may focus on narrower market segments.
  • The company's focus on long-term relationships and comprehensive financial planning ensures a personalized approach that is often lacking in more transactional financial service providers.
  • Prudential's strategic investments, such as its stake in Qianhai Re and leadership in funding rounds like FIDx, demonstrate its commitment to innovation and market expansion.

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