Associate Actuary (hybrid)

PGIM Real Estate (Prudential)

Newark, NJ, United States
Base: $107,300.00 to $166,400.00; bonus/equity: ye...
Hybrid
Actuarial modeling and pricing
Model testing and control processes
Programming skills in matlab and python
The Associate Actuary will design, refine, and manage model testing and control processes while leading testing initiatives and collaborating with multiple teams to ensure model risk governance compliance

Job Summary

  • The Associate Actuary will design, refine, and manage model testing and control processes while leading testing initiatives and collaborating with multiple teams to ensure model risk governance compliance.
  • This role offers a hybrid work environment with on-site presence required on a recurring basis and provides a comprehensive benefits package including medical, dental, vision, 401(k) with company match, and wellness programs.
  • The position supports business unit and enterprise initiatives by driving methodology refinements, technology advancements, and providing actuarial support for product innovations and pricing framework changes.

Matching Summary

The Associate Actuary will design, refine, and manage model testing and control processes while leading testing initiatives and collaborating with multiple teams to ensure model risk governance compliance.

Salary

Base: $107,300.00 to $166,400.00; Bonus/Equity: Yearly bonus potential; Benefits: Medical, dental, vision, life insurance, disability, PTO, 401(k) with match, pension, wellness programs, education benefits, employee stock purchase plan

Skills & Requirements

Must-have

  • Actuarial modeling and pricing
  • Model testing and control processes
  • Programming skills in MATLAB and Python
  • Cross-functional collaboration
  • Model risk governance compliance
  • Project management skills

Nice-to-have

  • Experience with retail annuity products
  • Knowledge of institutional retirement products
  • Predictive modeling and machine learning
  • Strong verbal and written communication
  • Independent and team work capability
  • Innovative research and methodology refinement

Key Requirements

  • 4-5 years actuarial or equivalent experience
  • Knowledge of retail annuity and institutional retirement products
  • Strong quantitative modeling skills
  • Programming experience including VBA, MATLAB, Python
  • Strong project management skills

Work Rights

Not specified

Tailored Resume

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