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Actuarial Associate - Individual Annuity Valuation


Newark, NJ
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Job Details

Position Title: Actuarial Associate - Individual Annuity Valuation
Job Code: 459118
Job Location: New Jersey-Newark


The individual will be an integral part of the Payout Annuity Valuation team which sits within the Payout Annuity, Reinsurance, and Data Management group under the Annuities Valuation Center of Excellence.  The team is responsible for the valuation of individual annuities, which includes: operating and maintaining valuation systems and processes, managing the actuarial related financial and risk reporting, and providing in-depth GAAP earnings and Statutory capital analysis.  It is a very dynamic team and its functions are critical to the success of the individual annuities business. 


Specific responsibilities for this position will include:


• Support monthly valuation reporting and analysis for GAAP, Stat and Tax.

• Assist with the support of the pricing/development of new products

• Support initiatives and address requests from various corporate functions – Internal Audit, Risk Management, Corporate Actuarial, Treasurer, Portfolio Management, Chief Investment Office, etc.

• Assist with the documentation of workflows, process mapping, and procedures.

• Support user acceptance testing of changes to the annuity actuarial model, including development of new reports to support the financial reporting process

• Enhance analytical tools and processes.

• Contribute to a culture of talent development, collaboration, and inclusion.

  • Bachelor's degree or higher in actuarial science, mathematics, or related quantitative field
  • Successfully passed one or more actuarial exams is a plus
  • Strong analytical/mathematical skills
  • Strong time management and organizational skills
  • Capable of handling multiple tasks within tight time frames
  • Technical skills (Excel, SQL, VBA) a plus
  • Experience in valuation production and/or financial reporting a plus

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.
Job Function: Actuarial
Schedule: Full-time
Apply on the Company Site
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