Associate Actuary (

Job Classification:

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

This position will be a part of the Retirement Strategies New Initiatives Research and Development Pricing team which works collaboratively across a variety of functional areas to drive Annuity product innovation. This position requires a highly collaborative individual with strong quantitative skills and business acumen who can quickly pick-up concepts to work on a wide-range of projects in a dynamic and fast-paced environment.

Open to remote/virtual location outside of commutable Newark, NJ location.

What you can expect:

• Collaborate with business partners, providing value-added pricing and analytics to help drive innovative and sustainable product development that generate customer and enterprise value
• Assess the viability of new product initiatives with appropriate analytical rigor to support prioritization and early decision making ensuring that the business is focused on valuable opportunities
• Evaluate profitability and risk profiles of viable product ideas and communicate key information to stakeholders
• Make enhancements to pricing models as necessary throughout the product development process and test production model updates related to new product features as necessary
• Ensure successful implementation/launch of new products/product enhancements

What you’ll need:

• 4+ years of experience with pricing and/or Annuities products
• Experience with Fixed and/or Indexed Annuities is beneficial
• Strong quantitative modeling, analytical, and problem-solving skills, including the ability to identify and create
• Able to build models to assess the viability of various product, reinsurance, or other initiatives with often limited direction and/or imperfect information.
• Solid development skills, experience with Matlab and GGY is preferred.
• Business acumen to translate quantitative analytics into insights that drive business results.
• Active listening skills to understand issues and effectively collaborate with business partners.
• Able to clearly explain complex topics to non-technical and executive audiences.
• Sound judgement to prioritize and where necessary find reasonable approximations to ensure time and resources are used most efficiently.
• ASA or close to ASA preferred.

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

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.

We’re a global organization, full of outstandingly dedicated people who aren’t 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:

• 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
• Retirement plans:
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 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.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• 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.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.