Associate Actuary

Job Classification Actuarial - Actuarial Associate Actuary Prudential Bermuda Reinsurance is looking to fill a newly created Associate Actuary role. What you can expect: Be a key contributor in the regular rate‑setting processes for flow business coming into Gibraltar Re and Lotus Re Support decision‑making on new transaction opportunities by helping build the pricing capabilities and using that to carry out baseline and sensitivity analysis to determine appropriate transaction structures and prices Collaborate and engage with key stakeholders to ensure appropriate development and application of reserve/capital methodologies, investment and ALM choices, and other assumptions Help create and improve the ability to track actual to expected impacts for new transactions and inforce blocks Enhance actuarial pricing processes to improve efficiency and productivity while following actuarial models' validation, maintenance and risk management requirements Support corporate model governance process, including model registration and affirmations Contribute to the creation, documentation, and registration of assumptions in collaboration with the assumptions team, along with attributing the impact of any assumption updates What you’ll need: Bachelor’s Degree 4+ years of related work experience Associate of the Society of Actuaries (ASA) or similar Working knowledge and analysis of financial statements (Income Statements, Balance Sheet) and experience with international accounting frameworks and/or reinsurance Demonstrate ability to understand and apply technical aspects of external regulatory, capital and solvency requirements Demonstrate ability to perform technical actuarial calculations, analyze and synthesize the results and communicate to others effectively Self‑motivated and independent with strong analytical, critical thinking, and problem‑solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challenges It would be a plus if you had: Experience with ALM Familiarity with Bermuda EBS reserve and capital framework 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. 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. 401(k) plan with company match (up to 4%). Company‑funded pension plan. Wellness programs 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. Education benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs. 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. Equal Opportunity Employer 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, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law. #J-18808-Ljbffr Prudential Financial, Inc.