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Senior Actuarial Associate

AT Prudential Financial
Prudential Financial

Senior Actuarial Associate

Newark, NJ

Job Classification:
Actuarial - Actuarial

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!

The current employee work arrangement 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 relative to the specific number of days you are expected to be on-site.

We are seeking a Senior Actuarial Associate to play a key role in the evolution and support of various financial projection models used within Prudential Retirement Strategies (PRS). These models are essential for pricing Pension Risk Transfer, Longevity Risk Transfer, and Structured Settlement transactions of both Non-Jumbo and Jumbo (>$250M) size.

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What you can expect:
• Research, design, develop, maintain, debug and enhance existing in-house Excel/VBA/Python based models
• Develop expertise on and become a key point of contact for actuarial calculations and Python code that drive our in-house Principle Based Reserving stochastic projection model
• Work directly with key stakeholders across multiple Pricing teams to understand their business requirements and design effective, tailored solutions to address those needs
• Migrate various Excel models, currently utilizing VBA code, to Python-based calculation engines with user-friendly GUI's
• Offer real-time pricing support by addressing inquiries about model results or technical challenges
• Uphold industry best practices while developing, testing, and documenting models

What you'll need.
• 2+ years of actuarial experience
• Excellent communication skills with the ability to discuss intricate actuarial concepts effectively within a group setting
• Core actuarial knowledge encompassing Life/Annuity products
• Deep knowledge of Microsoft Excel and other Office-suite software
• A foundational understanding of Python and a keen interest in further developing expertise in this area

It'd be a plus if you had:
• Proficient in Python, SQL, VBA
• Experience working with Retirement / Pension products
• ASA or near-ASA
• Experience or familiarity with git or other version control systems
• Experience with DASH or other Python UI Tools
• Experience or familiarity with C#

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

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:

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 $97,300.00 to $144,900.00. 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 Programsincluding 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.

Client-provided location(s): Newark, NJ, USA
Job ID: Prudential-R-118961
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Health Insurance
  • Parental Benefits

    • Adoption Leave
    • Birth Parent or Maternity Leave
    • Adoption Assistance Program
    • Family Support Resources
  • Vacation and Time Off

    • Paid Holidays
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Pension
    • Stock Purchase Program