Experience Inc. Jobs

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 current employee work arrangement 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.
Work locations- Newark, NJ or Hartford, CT.

This position will be in the Methodology team within the Retirement Strategies Actuarial group. The role will be responsible for developing sound methodology for pricing models and frameworks, creating innovative solutions to support various annuity and retirement products pricing initiatives, and working in the frontline to solve complicated problems with various stakeholders. The candidate will have a special focus on R&D work, supporting technical aspects of new product launches, evolving pricing strategies and transformative initiatives, but will also have opportunities to directly engage with the business and influence business outcomes. Recent projects included: analyzing and quantifying capital diversification benefits for Annuities flagship indexed annuity (RILA) products, creating asset / liability management framework and models, and conducting research for a variety of pricing / risk initiatives such as dynamic policyholder behaviors and renewal strategies.
The individual will work closely with other members of the Retirement Strategies pricing teams and modeling teams as well as interact with other functions, which may include CIO, Valuation, Capital Management and ERM. This individual will also work with a high degree of autonomy to identify issues and propose solutions for unique and sometimes non-traditional challenges. This position requires a curious, creative individual with strong analytical, conceptual thinking and quantitative modeling skills who can quickly pick up key concepts to work on a wide range of projects in a dynamic environment.
What you can expect:

Research and refine the in-house asset liability management (ALM) framework and model capabilities in MATLAB, and design and implement new ALM frameworks
Brainstorm ideas and build methodology prototypes to help address complex problems stemming from new product launches, new pricing strategies, enterprise framework and/or regulatory framework changes
Lead & develop sound methodologies with attention to their practical business applications through strong execution, in support of critical Retirement Strategies and enterprise initiatives
Proactively drive methodology refinements and technology advancements to generate enhanced modeling capabilities by conducting innovative research
Collaborate with the Modeling, New Initiatives and Pricing / Rate Setting teams to ensure methodology refinements and pricing framework changes are well understood and incorporated properly
Lead modeling and risk analysis to support sound product and risk decision-making, and connect with other business partners to create robust solutions to complex business challenges
What youll need:

4-5 years of actuarial experience or equivalent experience in a similar quantitative financial field; annuity and retirement product knowledge is desirable
Strong quantitative modeling and analytical skills; understanding of financial instruments and asset liability management preferred
Prior experience with annuity and/or retirement pricing, valuation and modeling is a plus
Advanced education in a quantitative or financial field is a plus
Solid programming skills (e.g., in VBA or other programming languages); experience with MATLAB, Python and/or or Machine Learning is a big plus
Good verbal and written communication skills; demonstrated ability to explain technical concepts to non-technical audience
Highly motivated individual who can work equally well independently and in a team environment
ASA or close to ASA preferred.
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 such as 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:
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.
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...

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