PGIM · 1 month ago
Associate Actuary
Newark, NJ, USA
Full-time
Onsite
Mid Level
$119K/yr - $177K/yr
4+ years expPrudential Financial Inc. is one of the world's largest financial services institutions, and they are looking for an Associate Actuary to join their Prudential Bermuda Reinsurance team. The role involves contributing to rate-setting processes, supporting decision-making on transactions, and enhancing actuarial pricing processes.
Asset Management
Responsibilities
Be a key contributor in the regular rate-setting processes for flow business coming into Gibraltar Re and Lotus Re
Support decision-making on new transaction opportunities by helping build the pricing capabilities and using that to carry out baseline and sensitivity analysis to determine appropriate transaction structures and prices
Collaborate and engage with key stakeholders to ensure appropriate development and application of reserve / capital methodologies, investment and ALM choices, and other assumptions
Help create and improve the ability to track actual to expected impacts for new transactions and inforce blocks
Enhance actuarial pricing processes to improve efficiency and productivity while following actuarial models’ validation, maintenance and risk management requirements
Support corporate model governance process, including model registration and affirmations
Contribute to the creation, documentation, and registration of assumptions in collaboration with the assumptions team, along with attributing the impact of any assumption updates
Qualification
Required
Bachelor's Degree
4+ years of related work experience
Associate of the Society of Actuaries (ASA) or similar
Working knowledge and analysis of financial statements (Income Statements, Balance Sheet) and experience with international accounting frameworks and/or reinsurance
Demonstrate ability to understand and apply technical aspects of external regulatory, capital and solvency requirements
Demonstrate ability to perform technical actuarial calculations, analyze and synthesize the results and communicate to others effectively
Self-motivated and independent with strong analytical, critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challenges
Preferred
Experience with ALM
Familiarity of Bermuda EBS reserve and capital framework
Benefits
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.
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 Equity Wire
2026-01-23
2026-01-22
Company data provided by crunchbase