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Senior Actuarial Associate


Newark, NJ
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Job Details

Position Title: Senior Actuarial Associate
Job Code: 407378
Job Location: New Jersey-Newark
Prudential Retirement is an industry leader in Stable Value, Pension Risk Transfer, Structured Settlements, and Full Service businesses. 
The Retirement Actuarial Projections Team is looking for top talent to support Asset-Liability modeling used for GAAP, Capital, Forecast, and Management Reporting purposes.
Key Responsibilities:
  • Run Asset-Liability Projection Models for Pension Risk Transfer, Structured Settlements, and other Retirement products.  Produce and analyze results.  Model results are used for GAAP Loss Recognition Testing reporting, Margin in Reserves, Forecasting/Sensitivities, and other financial analysis purposes.
  • Build and/or improve asset-liability models and processes.  Test and validate modeling changes and ensure reasonability of overall model results.
  • Assist in developing more robust analytics/attribution capabilities to validate results and explain period over period changes.
  • Engage in projects to support business initiatives, new products, and modeling/methodology improvements.
  • Assist with annual assumption updates (economic, mortality, expense, etc).  Interact with Assumptions area and Corporate Actuarial to understand assumption changes.  Quantify and explain impacts of updates.
  • Define business requirements for new models and model updates in support of new products and methodology changes. Partner with RAMP (Retirement Actuarial Modeling Platform) team and ESFS to implement model changes.
  • Maintain up to date documentation and controls in accordance with model risk standards.
  • Collaborate with partners and key stakeholders both within Retirement Actuarial and across business groups (Corp. Actuarial, Portfolio Management, Finance, etc) to achieve objectives and share best practices. 

  • Experience with asset-liability modeling for Loss Recognition Testing or Asset Adequacy Testing and/or experience in a related area (pricing, portfolio management, etc) is preferred.
  • Knowledge of Retirement products, a plus
  • Strong quantitative and communication skills to quickly learn and apply complex modeling concepts and be able to communicate to both actuarial and non-actuarial business partners.
  • Self-motivated individual with strong analytical and interpersonal skills
  • Knowledge of Investments (mainly Fixed Income assets) is preferred
  • Experience with actuarial modeling software (GGY AXIS, MG ALFA, Prophet, etc) is preferred.
  • Strong technical skills required to efficiently analyze large amounts of data (Excel, VBA, SQL)
  • Professional designation (ASA/FSA, CERA, and/or CFA) or progress towards, is preferred
  • Bachelor’s degree is required

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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