PGIM · 4 months ago
Senior Actuarial Associate (Hybrid)
Newark, NJ, USA
Full-time
Hybrid
Mid, Senior Level
$100K/yr - $148K/yr
3+ years expPrudential is a leading financial services institution that offers impactful career opportunities. The Senior Actuarial Associate will support Prudential's International Reinsurance efforts, focusing on live non-U.S. transactions and collaborating with various teams to ensure accurate modeling and transaction support.
Asset Management
Responsibilities
Provide an analysis and concise summary of pension plan provisions and proposed benefit structure as part of the presales process, identifying any new or unusual risks as well as specific benefit and transaction features that present pricing, onboarding or implementation challenges
Review client Request for Quotations (RFQ) documents alongside the transaction lead and ensure that the Business, Underwriting, Pricing and Administration teams interpret these documents correctly and consistently
Analyze raw data files and run the transaction data query process for purposes of constructing a reinsurance transaction benefits model
Work with counterparty actuaries to reconcile pension benefit and cash flow modeling
Work with the Pricing Team to independently replicate Pension and Annuity cash flows using the Best Estimate assumptions along with all reserving and capital scenarios in order to validate the liabilities used in our pricing models
Review reinsurance Term Sheets and draft/review legal document language relating to the benefit characteristics that underlie our premiums and fees
Actively engage as a member of the transaction team from initial evaluation and quotation, through the on-boarding process
Participate in general business transaction support activities
Qualification
Required
Bachelor's degree in actuarial science or related field
Minimum of 3 years of actuarial or related work experience preferably in retirement and/or insurance
Several exams passed and desire to pursue ASA/FSA designations
Strong technical skills (Microsoft Excel, SQL and PowerPoint) and ability to understand complex quantitative concepts and models
Good communication skills, particularly in presenting technical results to senior executives and non-technical audiences
Ability to work independently with excellent project management skills and ability to juggle multiple urgent priorities
Creative problem-solver, particularly in areas with very little clarity or precedence
Highly motivated and ability to thrive in a fast-paced, results-oriented environment with high quality standards
Fast learner with ability to collaborate with multiple teams on complex transactions
Preferred
Experience with pension industry is highly preferred but not required
Benefits
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.
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.
Company
PGIM
PGIM is a money manager whose clients rely on their risk management expertise, intellectual capital, and innovative solutions. It is a sub-organization of Prudential Financial.
1001-5000 employees
H1B Sponsorship
PGIM has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (15)
2024 (12)
2023 (8)
2022 (8)
2021 (7)
2020 (14)
Funding
Current Stage
Late StageLeadership Team
Jakob Wilhelmus
Director, Thematic Research
Recent News
Private Banker International
2026-01-16
2026-01-16
2026-01-16
Company data provided by crunchbase