Job Classification:
Actuarial - Actuarial
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
Job Description
This position will be a part of the Retirement Strategies New Initiatives Research and Development Pricing team which works collaboratively across a variety of functional areas to drive Annuity product innovation. This position requires a highly collaborative individual with strong quantitative skills and business acumen who can quickly pick-up concepts to work on a wide-range of projects in a dynamic and fast-paced environment.
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:
Collaborate with business partners, providing value-added pricing and analytics to help drive innovative and sustainable product development that generate customer and enterprise value
Assess the viability of new product initiatives with appropriate analytical rigor to support prioritization and early decision making ensuring that the business is focused on valuable opportunities
Evaluate profitability and risk profiles of viable product ideas and communicate key information to stakeholders
Make enhancements to pricing models as necessary throughout the product development process and test production model updates related to new product features as necessary
Ensure successful implementation/launch of new products/product enhancements
What youll need:
4 years of experience with pricing and/or Annuities products
Experience with Fixed and/or Indexed Annuities is beneficial
Strong quantitative modeling, analytical, and problem-solving skills, including the ability to identify and create
Able to build models to assess the viability of various product, reinsurance, or other initiatives with often limited direction and/or imperfect information.
Solid development skills, experience with Matlab and GGY is preferred.
Business acumen to translate quantitative analytics into insights that drive business results.
Active listening skills to understand issues and effectively collaborate with business partners.
Able to clearly explain complex topics to non-technical and executive audiences.
Sound judgement to prioritize and where necessary find reasonable approximations to ensure time and resources are used most efficiently.
ASA or close to ASA preferred.
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.
Were a global organization, full of outstandingly dedicated people who arent 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 Programsto 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 Resourcesto help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
Tuition Assistanceto 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 ourTotal 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 a resident in applicable locations. The salary range for this role is from $115,800.00 to $172,300.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity