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Associate Actuary (Modeling Center of Excellence-Research and Testing Unit)


Newark, NJ
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Job Details

Position Title: Associate Actuary (Modeling Center of Excellence-Research and Testing Unit)
Job Code: 448398
Job Location: New Jersey-Newark


This position is in the Research and Testing unit of the Modeling Center of Excellence (COE), which is a centrally organized modeling team promoting best practices and process improvements through collaboration and talent mobility. The Research and Testing team is responsible for research of user modeling needs, proof of concept development, and model testing in GGY AXIS. The team will also interface with users to provide GGY AXIS consultative services. The associate will work closely with partners from the business units, the Valuation COE, and other Modeling COE units. This function will enforce consistent system design across GGY AXIS models, mitigating and arbitrating issues and risks for model development.
The individual will have the opportunity to develop skills in GGY AXIS, Visual Basic, advanced MS Excel, advanced MS Access, SQL, and C# during the process of research and testing Prudential’s actuarial models. Any experience in the aforementioned areas will be a plus. The individual should also possess advanced quantitative and analytical skills which will be key to solving complicated business and/or actuarial problems and communicating technical concepts to a wide audience. Strong communication, documentation, and testing skills are desired.

• Bachelor's degree is required
• ASA or close to ASA preferred
• Minimum of 4 years of actuarial experience required
• Experience in model development, implementation and/or validation a plus
• Experience with GGY AXIS is a plus
• Knowledge of life insurance, annuity and retirement products is a plus
• Superior technical skills and ability to understand complex quantitative concepts and models
• Strong oral and communication skills; ability to explain complex concepts to a wide range of business partners, both actuarial and non-actuarial
• Programming experience including MS Excel and Visual Basic preferred

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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