Prudential Ins Co of America
Newark, New Jersey, United States
6 days ago
Min Education
Salary - Type
Yearly Salary
Job Function


Job Classification:

Actuarial - Actuarial

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the world's leading financial services institutions!

This position is in the Individual Model Development Team within the Prudential Retirement Strategies organization, and will be responsible for designing, building, and maintaining the models and analytical tools used to design and price new and existing products. The Associate Actuary position requires an individual with strong analytical, quantitative modeling, programming, and problem-solving skills, as well as deep actuarial knowledge. This individual will be an integral part of the model development team, and will be responsible for building and enhancing variable, fixed, and payout annuities pricing models to support the fast-paced product development and pricing initiatives.

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:

  • Research, design, develop, maintain, debug, and enhance the in-house MATLAB-based stochastic pricing models
  • Create and/or maintain tools, programs, and utilities in MATLAB and Excel VBA environments to support demand for more complex analysis and automated processes
  • Independently research and make recommendations for improvements to enhance methodology, capability, ease-of-use, and efficiency
  • Create and enhance controls and documentation to meet risk governance requirements
  • Coordinate with team to analyze and design new product provisions
  • Connect with peers and other business partners to create robust solutions to complex business challenges
  • Collaborate with peers and work on multiple projects in a dynamic and fast-paced environment

What you'll need:

  • 3+ years of actuarial experience Annuities and/or Modeling experience preferred
  • Strong programming skills MATLAB preferred, Python is a plus
  • Strong analytical, problem solving, and time management skills
  • Highly motivated independent thinker, able to work effectively alone or in a team environment
  • Willing to quickly develop knowledge of current portfolio of annuity products, designs, and benefits
  • Understanding of quantitative modeling techniques related to capital market, financial instruments and asset liability management
  • Strong oral and written communication skill

It'd be a plus if you had:

  • ASA or advanced degree in a finance, computer science, or related is a plus
  • Knowledge in Statutory Valuation, US GAAP and capital frameworks is a plus
  • Experience in Excel, Python, and Object-Oriented Programming (OOP) is a plus
  • Experience with modeling software such as Axis is a plus
  • Experience with GPU technology is a plus
  • Experience with git or other version control systems is a plus

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.

We're a global organization, full of outstandingly dedicated people who aren't 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 Programs to 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 Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
  • Tuition Assistance to 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 our Total 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 and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at for more information about doing business with Prudential.

If you need an accommodation to complete the application process, which may include an assessment, please email

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email to request assistance.

Job ID: 73505392
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