Senior Actuarial Associate job opportunity at Prudential Financial.

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DatePosted 11 Days Ago bot
Prudential Financial Senior Actuarial Associate
Experience: 3-years
Pattern: full-time
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degreeAssociate
loacation Newark, NJ, USA, United States Of America
loacation Newark, NJ, US..........United States Of America

Job Classification: Actuarial - Actuarial The GAAP Valuation team within the Individual Life Insurance (ILI) Valuation function is responsible for preparing the actuarial portion of the GAAP results and the underlying earnings story of the Individual Life business. The team is seeking a Sr. Actuarial Associate to help drive execution of the quarterly production process and produce insightful analytics that crisply explain results to business partners and management. The ideal candidate will have a focus on, and ownership mentality of, all reporting-related tasks and a passion for developing insights to drive business outcomes. The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relating to the specific number of days you are expected to be on-site. What you can expect: Complete quarterly production tasks in a timely manner to support reporting of various GAAP balances (DAC, URR, Net Liability Reserves, SOP03-1, Cost of Reinsurance, Loss Recognition, and FAS133 Embedded Derivative), which may include review of inputs received from business partners, valuation system runs, and preparation of reports and analytics. Assist with ad-hoc strategic initiatives (e.g. Potential Reinsurance transactions, Annual Assumption Unlock quantifications, and Sensitivities analysis). Produce insightful analytics around quarterly GAAP valuation processes to drive business insights, linking actuarial movements to underlying drivers of the ILI business. Exhibit an ownership mentality with business partner deliverables (Finance, Forecasting) to thoroughly understand downstream uses to drive insights and outcomes. Utilize available technology (e.g. SQL, Python, PowerBI) to develop and expand reporting tools and analytics for more efficient and effective communication of results to management and stakeholders. Proactively analyze predictors of reserve balances to ILI management and business partners. Work closely with Modeling associates to perform user acceptance testing of enhancements to ILI valuation system and Liability Data Warehouse to ensure accuracy of amounts booked to ledger accounts and attributions of GAAP balances. What you’ll need: 3+ years of experience, with progress toward ASA designation. Strong analytics skills and ability to critically review own work and work product of other team members. Strong organizational and project management skills coupled with a high degree of curiosity on current processes and systems. Ability to collaborate to develop creative yet practical solutions to challenging problems to meet the needs of our customers. Ability to partner effectively with colleagues across multiple time zones, business groups, and corporate areas. Excellent oral and written communication skills. It’d be a plus if you have: Coding (SQL, Python, VBA), prior actuarial model experience (Poly, AXIS, ALFA, Prophet), and/or familiarity with individual life insurance products or GAAP reporting requirements 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 .

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