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Senior Actuarial Associate
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locations
Newark, NJ, USA
posted on
Posted 5 Days Ago
job requisition id
R-125239
Job Classification:
Actuarial - Actuarial Senior Actuarial Associate (The Prudential Insurance Company of America, Newark, NJ): Develop and test actuarial models in PolySystems for Individual Life, Long Term Care, Institutional Retirement and International products. Develop and test models to meet regulatory requirements (e.g. Targeted Improvements, PBR, Bermuda EBS/SFS) under multiple use cases (e.g. valuation, projection, forecast, and stress testing). Utilize Python to enhance the end-to-end automation of actuarial valuation models and develop efficient testing tools. Perform financial analysis of Stat and GAAP reserve impacts from structural model changes driven by regulatory or business needs. Perform regression tests, document valuation system changes, perform SOX controls. Lean into agile best practices to drive culture of technical excellence, focus on value, and prioritization. Identify and champion process improvements to drive material operational efficiency via automation and build foundation capabilities for scale. Telecommuting permitted up to 100%. Candidate may reside and work from anywhere in the U.S. Full time employment, Monday - Friday, 40 hours per week. $166,338.00 per year. Benefits incl. medical, dental, PTO & more.
MINIMUM REQUIREMENTS
Bachelor's degree in Computer Science, Mathematics, Actuarial Science, or a related quantitative field, and 3 years of related work experience. Must have 3 years of experience in each of the following: Working with Life, Annuity, or Retirement products in an actuarial discipline (including valuation and pricing); and
Model development experience in actuarial vendor software: PolySystems, GGY AXIS, or MG-ALFA. 5+ Society of Actuaries (SOA) actuarial exams toward Associate of the Society of Actuaries (ASA) designation.
TO APPLY
Please click "Apply" Button. Should you have any difficulty in applying for this position through our website, please contact Ramona.wallace@prudential.com for assistance in the application process.
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. 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.