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!
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 monthly 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 for business partners and ILI management 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 relative 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 youll need:
Strong organizational and project management skills coupled with a high degree of curiosity on current processes and systems.
Strong analytics skills and ability to critically review own work and work product of other team members.
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.
3+ years of experience, with progress toward ASA designation.
Coding (SQL, Python, vba), prior actuarial model experience (Poly, AXIS, ALFA, Prophet), and/or familiarity with individual life insurance products or GAAP reporting requirements desired but not required.
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 including 1:1 Career advice, 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...

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