Senior Actuarial Associate (Pension Risk Transfer)

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.

What you can expect:

• Price complex Pension Risk Transfer transactions. This work would involve the creation of liability cashflows and reserves, ALM modeling, and financial statement analysis
• Analyze population and contract specific data to determine mortality and other demographic assumptions used in Funded transactions
• Execute modeling and generate analysis of financial projections to drive pricing recommendations
• Contribute to improving existing processes by leveraging best practices and various platforms including Excel, Python & SQL
• Work with a broad group of actuarial and business partners in a fast-paced, customer and deal-focused environment

What you’ll need:

• Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, Computer Science, or other STEM field
• Minimum of 2 years of actuarial experience with a minimum of 3 actuarial exams passed, LTAM is preferred
• Strong technical skills to understand complex quantitative concepts and financial projection model
• Deep knowledge of Microsoft Excel and other Office-suite software
• Strong working knowledge of at least one programming language such as Python, C#, SQL, VBA preferred
• Understanding of Life/Annuity products, capital markets, and pension plans
• Highly motivated, innovative problem solver and conceptual thinker that excels in collaborative work environments
• Good verbal & written communication skills, particularly in explaining technical results to non-technical audiences
• Actuarial exam support provided.

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.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring