Senior Actuarial Associate - Pricing & Product Development

Overview

PGIM Ireland is seeking a Senior Actuarial Associate for their Pricing & Product Development team located in Letterkenny, County Donegal. This role operates in a hybrid model, requiring onsite presence two days per week. The team supports Prudential Financial’s Longevity Reinsurance business across multiple markets including the UK and Netherlands, focusing on mortality and demographic risk reinsurance.

Key Responsibilities

• Support pricing for both mid-market (£300M+) and jumbo (£1Bn+) pension risk transfer (PRT) deals.
• Collaborate closely with international actuarial colleagues, business partners, and external clients in a dynamic, deal-driven environment.
• Analyze experience data from pension plans to determine mortality and marital assumptions.
• Produce assumptions and financial projections related to pension liabilities and calculate reinsurance fees for longevity risk.
• Assist with Longevity Reinsurance ‘flow’ transactions under GBP300M by evaluating pension plan benefit designs and data.
• Cleanse and integrate pensioner data for modeling purposes.
• Develop and refine simplification and transaction models to generate reinsurance cashflows and fees.
• Reconcile model findings with frontline insurers and update pricing/underwriting parameters biannually.
• Participate in maintaining and improving actuarial models.

Candidate Profile

• Possesses a bachelor's degree in Actuarial Science, Mathematics, Statistics, Engineering, or related quantitative discipline.
• Progressing towards Associate of the Institute and Faculty of Actuaries designation, with approximately two years of relevant actuarial experience.
• Proficient in Microsoft Excel; exposure to or eagerness to learn SQL and Python programming.
• Strong analytical ability to comprehend complex quantitative models and concepts.
• Excellent communication skills for effective teamwork with US and Irish colleagues and international clients.
• Self-driven, innovative problem solver comfortable in a diverse, multi-national team environment.
• Encouragement to apply even if not meeting every qualification perfectly.

Employee Benefits

• Competitive compensation along with regular exam-based salary enhancements.
• Supportive, collaborative workplace culture with modern office facilities.
• Resources and support for actuarial exam progression.
• Health insurance schemes available through partnerships with Laya and BUPA covering various medical expenses.
• Generous annual leave entitlements: 23 days at full pay plus 10 USA public holidays.
• Pension scheme with employer matching contributions up to 8% of base salary and option for additional voluntary contributions.
• Annual bonus program complemented by tax-free vouchers (CleverCards and Shop LK).
• Fully employer-funded life assurance providing a lump sum of four times salary to beneficiaries from start date.
• Education Assistance Program offering reimbursement to eligible employees pursuing further education.

Company Information

PGIM is the asset management arm of Prudential Financial, Inc., managing nearly US$1.4 trillion in assets globally as of July 2025. The company operates in 18 countries offering diverse investment solutions across asset classes, emphasizing long-term perspectives both in investments and employee development.

Diversity and Inclusion

PGIM Ireland is committed to fostering an inclusive environment where employees are encouraged to bring their authentic selves to work. The company promotes equal employment opportunity on the basis of merit without regard to gender, civil or family status, sexual orientation, religion, age, disability, race, or membership of the traveler community.

Additional Information

Any employment offers are subject to satisfactory references and background checks.