Job Classification:
Actuarial - Actuarial
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!
The Annuity Pricing team is responsible for executing crediting rate actions across the entire individual annuity suite of products employing product management levers to meet risk/return objectives. The team emphasizes a customer obsessed mindset to develop and implement strategies which balance profit targets, sales goals, and customer experience.
What you can expect:
· Collaborating with Annuities business partners to manage rate setting and rate renewals for the $5B+ annual sales Fixed Annuity product portfolio
· Understanding and explaining key financial drivers of the Fixed Annuity portfolio to Annuity business partners
· Calculating and reporting profitability of Fixed Annuity products and developing the quarterly reporting narratives
· Leading a team of three associates with an emphasis on their personal development
· Analyze, coordinate, and implement reinsurance solutions for fixed annuities
· Improving the rate setting and renewal processes with tech forward solutions
· Partner with Modeling & Methodology team to transition Fixed Annuity modeling platform from GGY to MatLab/ALM 2.0
· Implementing appropriate pricing assumptions to be used in rate setting
· Working with CIO to analyze investment strategies and hedging of fixed annuities
What you’ll need:
· High‐energy individual who is self-motivated, enthusiastic, curious, and has a growth mindset
· Ability to own/drive deliverables, manage time, and handle multiple priorities
· Ability to grasp complex concepts and provide insightful analytics
· Continuous improvement mindset with desire to reimagine work in a tech-forward way and a penchant for learning
· Experience with SQL and Python a strong plus
· Experience with MatLab a plus
· Ability to partner with and influence peers and leaders across the Retirement Strategies business and corporate functions
· Excellent oral and written communication skills
· 4+ years of experience with pricing and/or Fixed Annuity products
· Actuarial qualification of ASA/FSA
· Open to remote/virtual location
At Prudential, you can:
Take charge of your career. 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 such as 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:Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $118,700.00 to $176,600.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
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Market competitive base salaries, with a yearly bonus potential at every level.
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Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
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401(k) plan with company match (up to 4%).
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Company-funded pension plan.
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Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
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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.
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Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
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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.
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards 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.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
Top Skills
What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients.
The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives.
In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact.
*Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
