Actuary jobs in Bayonne, NJ

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At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

Retirement Strategies Capabilities

Actuarial Enterprise Capabilities is responsible for the design, development, testing and delivery of inforce end-to-end models within the domestic lines of Prudential business.

This position will focus on Prudential Retirement Strategies (PRS) Capabilities, reporting to a director in the group, supporting inforce modeling and post-valuation processes for individual retirement products. PRS is a critical business segment, representing $300B in liabilities and ~40% of Prudential's earnings. This candidate will help lead a team that is primarily focused on Python models and processes, and will work as part of a team of ~30 actuaries across the US and India.

The current EWA 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.

What you can expect:

• Lean into agile best practices to drive culture of technical excellence, focus on value, and prioritization.
• Lead a small team in the development and testing of existing capabilities and newly built functionality for our retail annuity post-valuation processes built into Python.
• Support the maintenance of our in-house open source Python-based model for annuities products that have been recently converted from Moody’s AXIS.
• Design and support testing of solutions and be able to communicate those solutions to a range of audiences.
• Partner across teams, including Valuation and the Chief Investment Office, to define requirements and to test model and process enhancements.
• Work closely with Technology partners to create a seamless end-to-end user experience around model runs, both for baseline Valuation / Forecasting and other required uses.

What you’ll need:

• 5 years actuarial experience including working with actuarial models.
• Strong quantitative modeling and analytical skills; ability to understand and explain complex quantitative concepts and end-to-end models/systems.
• Effective verbal and written communication skills; able to explain technical concepts to non-technical audience.
• Superior technical skills. Experience with SQL, Python and other coding languages preferred.
• Creative problem-solver and results-oriented
• Fast learner and ability to work in a multi-functional team environment
• Highly motivated individual who can work equally well independently and in a team environment. Knowledge in retail annuities is preferred, such as variable annuities.
• ASA preferred

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

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 including 1:1 Career advice, on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t 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:

• 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
• Retirement plans:
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.