Job Classification:

Prudential: 2023 Actuarial Leadership Development Program (ALDP)

Location(s):

Newark, NJ; Hartford/Shelton, CT (Hybrid)

Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with more than $1.5 trillion in assets under management as of March 31, 2022, has operations in the United States, Asia, Europe and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.

Are you looking for a career where you can apply your love of math, data, and science to inform business strategy and work with diverse teams on challenging projects? Are you interested in being a part of an exciting rotational program that is focused on developing technical and professional skills while collaborating alongside leaders in the actuarial community? If you are results driven, have a passion for working with data, and are deeply technical and highly innovative, then Prudential’s Actuarial Leadership Development Program (ALDP) is the place for you!

The Actuarial Leadership Development Program is a full-time rotational program in which you will be assigned to a variety of challenging roles across business units. Associates will complete four twelve-month rotations within traditional, core actuarial functions to develop technical skills and a strong actuarial base followed by a two-year capstone assignment in a traditional or non-traditional function to deepen knowledge and develop managerial skills.

Actuaries at Prudential partner with groups such as marketing, sales, underwriting, and investments to create new insurance, annuity retirement, and investment products. In addition to roles in traditional actuarial areas, our actuaries also work in finance, investment, asset management, and marketing. This presents a unique opportunity for our actuaries to move around the organization and develop their careers with a variety of different teams.

ALDP roles are available within a variety of business units including Individual Life and Annuities, Retirement, Group Insurance, International, and Corporate Actuarial. Associates are expected to pass the Society of Actuaries’ exams at a prescribed pace. The program is designed to support you as you work towards your FSA and provide the training and resources necessary to become a well-rounded actuarial leader. Upon completion of your FSA and capstone assignment, you will be considered a graduate of the program and will be prepared for a variety of management level opportunities throughout the enterprise.

Your Day to Day:

Traditional Actuarial Functions: Assumptions, Modeling, Pricing, Product Development, Projections, Valuation

Non-Traditional Actuarial Functions: Chief Investment Office, Data Analytics, Enterprise Risk Management, Internal Audit, etc.

Some day-to-day experiences could include:

• Partnering with various teams to understand risks posed by new products and developing recommended approaches to reflect risk
• Developing a new insurance product or re-pricing an existing product based on customer needs
• Developing and analyzing business models to analyze portfolio holdings
• Conducting asset adequacy and cash flow testing using actuarial software
• Creating monthly, quarterly, and annual reserves and financial statements
• Presenting to actuarial and non-actuarial leaders within assumption review committee meetings

Additional Program Highlights:

• Highly competitive compensation package. Salary increases and bonuses upon each successful exam completion
• Social activities and networking events with fellow ALDP associates, as well as interns in the Actuarial Internship Program (AIP)
• Opportunities to lead and partake in the ALDP’s recruiting, networking, community service, and education initiatives
• Dedicated senior advisors and associate mentors to assist with career development
• Generous study time allowances for each exam session
• Payment and or reimbursement of actuarial exam fees, materials, review courses, and seminars taken during the program

Required Qualifications:

• Candidates must be enrolled in an accredited bachelor’s program graduating between December 2022 and May 2023
• Preferred majors include Actuarial Science, Statistics, Mathematics, Computer Science or other relevant math-focused major. Preferred 3.2 GPA and above
• Prudential does not provide visa sponsorship for this position. Successful candidates must possess the requisite US employment authorization to be eligible for consideration
• Must have passed at least one Society of Actuaries (SOA) exam prior to applying

Preferred Skills:

• Must have strong written and oral communication
• Must be intellectually curious and open to change
• Knowledge of actuarial modeling packages, common programming languages, coding, financial reporting processes, and capital management are preferred but not required

Our Application Process:

Submit your application. Receive invitation for a digital interview; this includes answering pre-recorded interview questions with the business(es) that advance your application(s). Receive invitation for a final round interview; if selected, you will have the opportunity to meet with us in person or virtually to learn more about our business and culture.

For 2023 early talent roles, our process is designed to help you learn more about Prudential/PGIM and share your story with us. Digital interviewing allows greater flexibility, enables a quicker interview process, allows us to meet more candidates and share your story with more members of the team.

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