Actuarial Associate (Entry Level/Work from Home Jobs)
Job Responsibilities : Actuarial Associate (Entry Level/Work from Home Jobs)
Salary : 63,400 to $90,100
Company : Prudential
Job Description
Job Classification:
Actuarial – Actuarial
Job Location: Prudential Tower, 655 Broad Street, Newark, NJ • Newark, NJ, USA • United States
Prudential Financial, Inc. is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth.
The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential’s businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. For more information, please visit www.prudential.com.
Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. For more information, please visit www.prudential.com/retire.
The Actuarial Associate, Pricing & Product Development position on the pricing team plays a key role in the overall pricing execution and infrastructure development of Prudential’s line of Funded Retirement Products.
Primary responsibilities include:
Price complex transactions across several Funded Retirement Products such as Pension Risk Transfer and Structured Settlements. This work would involve the creation of liability cashflows and reserves, ALM modeling, and financial statement analysis
Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in Funded transactions
Assist actuarial pricing team members in generating assumptions and financial projections
Work with a broad group of actuarial and business partners in a fast-paced, customer and deal-focused environment
Requirements:
Bachelor’s degree required, preferably in Actuarial Science, Mathematics, Statistics, Computer Science, or other STEM field
Actuarial exams are a plus
Ability to understand complex quantitative concepts and financial projection model
Deep knowledge of Microsoft Excel and other Office-suite software
Working knowledge of, or exposure to, programming language such as Python, C#, SQL, VBA a plus
Familiarity with Life/Annuity products, capital markets, pension plans is a plus
Highly motivated, innovative problem solver and conceptual thinker that excels in collaborative work environments
Actuarial exam support provided
Open to remote/virtual location outside of commutable Newark, NJ location.
*Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident.
Salary range specific to Colorado: ($63,400 to $90,100)+ discretionary incentive bonus + benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
-Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential’s businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
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.
The Prudential Insurance Company of America, Newark, NJ and its affiliates.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
