Associate Actuary
Associate Actuary
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Job Classification:
Actuarial ActuarialAt Prudential we believe talent is key to achieving our vision. When you join Prudential youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
The current employee work arrangement for this position is Hybrid and requires your onsite 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 onsite
The primary responsibility of the ILI Assumptions Team is the development of assumptions used for a variety of critical business purposes including: the pricing of new products GAAP and STAT financial reporting including Principle Based Reserving (PBR) forecasting Economic Capital Asset Adequacy Testing (AAT) dividends as well as support of other regulatory and reporting requirements. In addition the group performs analyses to support special projects and to contribute to the full understanding of financial results. Members of the group regularly interact with individuals from a broad array of functional areas within and outside of ILI as well as other business units. Additionally the group is offered exposure to a broad spectrum of life insurance business issues that are discussed weekly in an executive setting called the Assumptions Review Committee (ARC). Here assumptions are discussed for endorsement by a group of senior leaders within ILI.
What to expect:
Development and review of policyholder behavior assumptions (examples include: lapse surrender premium payment behavior) related to the broad array of ILI products
Presentation of assumptions for management approval at Assumptions Review Committee
Partnering with the data analytics team to support experience data needs
Utilizing technology (e.g. Power BI/Tableau Python SQL) to streamline current processes and to create tools for more frequent monitoring of experience data
Providing management with actionable business insights based on experience data analysis
Authorship or review of documentation pertaining to the development of assumptions for governance and regulatory purposes
Investigation of new approaches to assumption development including: use of dynamic modeling predictive analytics and confidence interval approaches
Compliance with all internal and external control requirements
Support of other ILI assumptions related work as needed
Significant collaboration with Finance and Actuarial areas such as Pricing Valuation and Modeling
Managing a shared offshore resource
What youll need:
B.A. / B.S. required preferably in mathematics statistics business finance or related field
Excellent analytical and problemsolving skills
Strong oral and writing communication skills
Strong Microsoft Excel and Word skills
Strong attention to detail and organizational skills
Selfmotivated and flexible
Demonstrated interpersonal and partnering skills
Strongest consideration will be given to candidates who possess the core qualifications and who have some of the following qualifications:
Software/Coding Knowledge: Microsoft Access VBA Microsoft Power BI SQL Python etc.
Knowledge of Life Insurance Experience Studies and Assumption Development
Experience with Polysystems LifeMeasure and ULMeasure
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.
Were a global organization full of outstandingly dedicated people who arent 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
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 $118700.00 to $176600.00. 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.
Companyfunded pension plan.
Wellness Programs including up to $1600 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 Work Life Balance Prudential Careers. Some of the above benefits may not apply to parttime 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 .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
IC
Employment Type
Full-Time
