Full-Time

Associate Actuary

Confirmed live in the last 24 hours

Prudential Financial

Prudential Financial

10,001+ employees

Provides insurance, investment, and retirement solutions

Fintech
Financial Services

Compensation Overview

$115.8k - $172.3kAnnually

Mid, Senior

Newark, NJ, USA

Hybrid position requiring on-site presence in Newark, NJ on a recurring basis.

Category
Insurance
Finance & Banking
Required Skills
Agile
Requirements
  • Bachelor’s degree in computer science, mathematics, actuarial science, or related field
  • 4+ years of actuarial modeling experience
  • Highly self-motivated, quick learning individual adaptable to change
  • Excellent oral and written communication skills
  • Strong team player willing to perform in roles that assist as well as lead other resources (more junior and/or offshore) through the execution of work
Responsibilities
  • Develop and test PolySystems for Individual Life, Institutional Retirement (e.g. pension risk transfer), and/or LTC products and regulatory requirements (e.g. Targeted Improvements, PBR,) under multiple use cases (e.g. valuation, projection, forecast, and stress testing)
  • Lean into agile best practices to drive culture of technical excellence, focus on value, and prioritization.
  • Identify and champion process improvements to drive material operational efficiency via automation and build foundation capabilities for scale.
Desired Qualifications
  • Experience with PolySystems, Python, SQL, and/or PowerBI
  • ASA Actuarial credential

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. The goal of Prudential is to ensure that its clients are well-prepared for their financial futures.

Company Stage

IPO

Total Funding

N/A

Headquarters

Newark, New Jersey

Founded

1975

Simplify Jobs

Simplify's Take

What believers are saying

  • Prudential's investment in FIDx aligns with the digital transformation trend in financial services.
  • The appointment of Susan Somersille Johnson may boost global marketing and brand strategy.
  • Involvement in N.J. CEO Council enhances corporate social responsibility and community engagement.

What critics are saying

  • Increased competition in Asia may challenge Prudential's market penetration and profitability.
  • Over-reliance on technology platforms like FIDx could expose Prudential to operational risks.
  • Commitment to job creation and procurement spending may strain resources and impact finances.

What makes Prudential Financial unique

  • Prudential Financial offers a comprehensive range of financial services globally.
  • The company focuses on long-term relationships and comprehensive financial planning.
  • Prudential leverages digital transformation to enhance its service offerings.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

401(k) Company Match

Company Equity

Wellness Program

Work/Life Resources

Education Benefit

Employee Stock Purchase Plan