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Actuarial - Actuarial End-to-End Prudential Retirement Strategies Modeling
Prudential has an exciting opportunity for an Associate Actuary supporting the Retirement Strategies Institution business. The individual will work on the team responsible for the design, development, testing, release, and support of inforce end-to-end models for institutional retirement products. PRS is a critical business segment, representing $300B+ in liabilities and ~40% of Prudential's earnings.
This individual will help generate and implement insights and analysis that support the business and contribute toward enhancing capabilities as well as supporting new products and business initiatives. They will have exposure to models built in multiple systems, including PolySystems, Python, and C#, and will work as part of a team of ~30 actuaries across the US and India.
Primary Responsibilities:
Prudential has an exciting opportunity for an Associate Actuary supporting the Retirement Strategies Institution business. The individual will work on the team responsible for the design, development, testing, release, and support of inforce end-to-end models for institutional retirement products. PRS is a critical business segment, representing $300B+ in liabilities and ~40% of Prudential's earnings.
This individual will help generate and implement insights and analysis that support the business and contribute toward enhancing capabilities as well as supporting new products and business initiatives. They will have exposure to models built in multiple systems, including PolySystems, Python, and C#, and will work as part of a team of ~30 actuaries across the US and India.
Primary Responsibilities:
- Lean into agile best practices to drive culture of technical excellence, focus on prioritization, value, and outcomes
- Lead model conversions, transformation, enhancements, and testing efforts and provide ongoing model support for the Institutional Retirement models and E2E processes.
- Design solutions and be able to communicate solutions to less technical audiences.
- Improve Processes & Capabilities: Leverage technology to streamline existing processes and create new capabilities to add value.
- Partner with Valuation and model vendor PolySystems on requirements and to test model enhancements.
- Work closely with Technology partners to create a seamless end-to-end user experience around model runs, both for baseline Valuation / Forecasting and other required uses.
- Collaboration & Communication: Actively engage with partners and key stakeholders across the company to share results and best practices.
Qualifications:
- At least 2 years of relevant actuarial experience with a proven track record of high performance.
- Highly motivated individual with an ownership mentality who can work equally well independently and in a team environment.
- Strong quantitative modeling and analytical skills; ability to understand and explain complex quantitative concepts and end-to-end models/systems.
- Effective verbal and written communication skills; able to explain technical concepts to non-technical audience.
- Superior technical skills. Experience with SQL, Python, Power BI, and other coding languages preferred.
- Creative problem-solver and results-oriented
- Fast learner and ability to work in a multi-functional team environment
- Knowledge in institutional retirement products such as pension risk transfer and long duration targeted improvement a plus.
- Professional designation (ASA/FSA, CERA, and/or CFA) or progress towards is a plus.
- Open to remote/virtual location outside of commutable Newark, NJ location.
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
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.
