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Senior Actuarial Associate role at Prudential in Newark, NJ – drive fixed annuity pricing and risk strategy in a hybrid environment.
Join a global financial services leader and shape annuity product pricing, collaboration, and innovation.
Job Classification
Actuarial - Actuarial
Company Vision
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!
Annuity Pricing Team
The Annuity Pricing team is responsible for executing crediting rate actions across the entire individual annuity suite of products, employing product management levers to meet risk/return objectives. The team is also responsible for developing and implementing strategies to balance profit targets with sales goals while considering impacts to customer experiences. The Senior Actuarial Associate will support those activities for our Fixed product suite.
The current employee work arrangement for this position is hybrid or virtual and may require your on‑site presence on a reoccurring basis as determined by your business, dependent on the candidate’s location. Your manager will provide additional details relative to the specific number of days you are expected to be on‑site.
What you can expect
- Working with Annuities business partners to manage rate setting and rate renewals for fixed and fixed index annuities (e.g., MYGA, FIA).
- Assisting in special projects to improve analytical value to stakeholders.
- Contributing to process improvements by leveraging various platforms including Excel, SQL, Python, and PowerBI.
- Understanding and explaining annuities’ key financial drivers to Annuities business partners.
- Implementing appropriate pricing assumptions to be used in rate setting.
- Working with investments department to manage investments and hedging of equity‑based annuity guarantees and ALM.
What you’ll need
- Two plus years of actuarial experience.
- High‑energy individual who is self‑motivated, enthusiastic, curious, and has a growth mindset.
- Ability to own/drive deliverables, manage time, and handle multiple priorities simultaneously.
- Strong collaboration skills; Ability to partner with peers and leaders across business and corporate functions.
- Ability to grasp complex concepts and provide insightful analytics.
- Continuous improvement mindset with desire to reimagine work in a tech‑forward way.
- Excellent oral and written communication skills, particularly in explaining technical results to non-technical audiences.
- Exposure to or willingness to learn programming languages (i.e., SQL, Python, Power BI, VBA).
Company Opportunities
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.
Recruitment Code
#LI-RRJ
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 $96,200.00 to $158,800.00. 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%).
- Company-funded pension plan.
- Wellness Programs 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.
- 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 part-time 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 accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.