Prudential Financial · 1 day ago
Associate Actuary (Hybrid)
Newark, NJ
Full-time
Hybrid
Mid Level
$107K/yr - $166K/yr
4+ years expPrudential Financial is seeking an Associate Actuary to join their Methodology and Modeling Team within the Prudential Retirement Strategies Actuarial Group. This role involves developing pricing methodologies, managing model testing processes, and collaborating with various teams to support product innovations and ensure compliance with model risk governance requirements.
Asset ManagementFinanceFinancial ExchangesFinancial ServicesHealth CareInsuranceRetirement
Responsibilities
Design, refine and manage the model testing and control processes; incorporate best practices and continuingly improve the effectiveness and efficiency of the processes
Lead on execution of testing initiatives, including managing testing resources and timelines, prioritizing workstreams, conducting rigorous testing and review, and developing comprehensive testing results documents
Interact closely with model developers to share testing findings, provide feedback / suggestions, and ensure identified issues are addressed properly. Coordinate with model users for adequate UATs
Collaborate with AMC and MRMG to ensure compliance to the model risk governance requirements
Proactively drive methodology refinements and technology advancements to generate enhanced modeling capabilities by conducting innovative research
Collaborate with the Modeling, New Initiatives and Pricing Teams to provide support for Business Unit/Enterprise initiatives, such as new methodology for product innovations or pricing framework changes, ALM risk analysis, required capital framework
Qualification
Required
4-5 years of actuarial experience or equivalent experience in a similar quantitative financial field; knowledge in retail annuity and institutional retirement products is desirable
Strong quantitative modeling and analytical skills; understanding of financial instruments and asset liability risk management preferred
Solid programming skills (e.g., VBA or other programming languages); Experience with MATLAB, Python, and predictive modeling / machine learning is a big plus
Strong project management skill; strong execution with attention to detail
Good verbal and written communication skills; able to explain technical concepts to non-technical audience
Highly motivated individual who can work equally well independently and in a team environment
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
Prudential Financial
Prudential Financial specializes in the fields of investment management, life insurance, and retirement benefits. It is a sub-organization of Prudential Financial.
10001+ employees
H1B Sponsorship
Prudential Financial 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
2024 (1)
2023 (1)
Funding
Current Stage
Public CompanyTotal Funding
$1.25BKey Investors
AM Best
2025-03-13Post Ipo Debt· $750M
2024-02-14Post Ipo Debt· $500M
2001-12-13IPO
Leadership Team
Andrew Sullivan
Chief Executive Officer
Yanela Frias
Executive Vice President & Chief Financial Officer
Recent News
2026-01-03
MarketScreener
2025-12-18
Company data provided by crunchbase