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Actuarial Associate (Life Actuarial)


Newark, NJ
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Job Details

Position Title: Actuarial Associate (Life Actuarial)
Job Code: 445318
Job Location: New Jersey-Newark


Individual Life Insurance seeks talented applicants for actuarial trainee positions for the PolySystems Modeling Center of Excellence (COE) team located in Newark, NJ. The primary focus of this position will be to support the development and maintenance of the Life Master, UL Master, and Delphi valuation systems for individual life products. This role will be focused on the US Statutory, tax reserve, and GAAP / DAC valuation. Major responsibilities include the support of the following activities:

•Refining reserve calculation methodologies and evaluating reserve impact due to regulation requirement changes.
•Documenting any system changes / issues, testing plans and results and having necessary controls in place for the integrity of the results generated by the system.
•Implementing actuarial valuation projects and working closely with other cross-functional teams such as pricing, modeling, experience study, external and internal auditors / regulators.

There is an expectation that applicants will pursue the actuarial exam track with the goal of becoming qualified actuaries.   Support is provided.


•Degree in Actuarial Science, Mathematics, Financial Engineering, Economics, Business, Science-base, or another analytical field
•Successfully passed one or more actuarial exams is desired
•Experience working in an actuarial position or internship is a plus
•Experience in model development, implementation and/or validation a plus
•Knowledge of insurance products is a plus
•Knowledge of software packages used in business communication such as MS Excel, Word and PowerPoint
•Programming skills and experience is a plus
•Solid oral and written communication skills

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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