Full-Time

Senior Actuarial Associate

Posted on 11/21/2024

Prudential Financial

Prudential Financial

10,001+ employees

Provides insurance, investment, and retirement solutions

Fintech
Financial Services

Compensation Overview

$97.3k - $144.9kAnnually

Senior

Newark, NJ, USA

Hybrid position requiring on-site presence as determined by business.

Category
Insurance
Finance & Banking
Required Skills
Python
SQL
C#
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, Computer Science, or other STEM field
  • Minimum of 2 years of actuarial experience with a minimum of 3 actuarial exams passed, LTAM is preferred
  • Strong technical skills to understand complex quantitative concepts and financial projection model
  • Deep knowledge of Microsoft Excel and other Office-suite software
  • Strong working knowledge of at least one programming language such as Python, C#, SQL, VBA preferred
  • 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
Responsibilities
  • 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

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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