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Corebridge Financial

Corebridge Financial

ADP Assistant Actuary

ADP Assistant Actuary

Job Details
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Uploaded On
June 29, 2023
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Location
Houston, United States
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Remote?
No
Company Overview
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Headquarters
Houston, TX
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Number of Employees
1100
Estimated Number of Actuaries
190
Salary
$
90
k-$
125
k
Glassdoor Ratings
""
Recommend to a Friend
56%
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Overall Score
3.0 / 5

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[ Who we are

Corebridge Financial helps people make some of the most meaningful decisions they're ever going to make. We help them plan and take action to protect the future they envision and respond to some of life's most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement, and institutional products offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

As an ADP Assistant Actuary, you will be part of our Actuarial Development Program where you begin as a student that will rotate into various positions throughout the actuarial departments in order to gain a wide range of knowledge and experiences that can be leveraged throughout the Actuary's career. Although not every rotation path is the same for every student, common roles often include, but are not limited to, Valuation, Product Development, Asset-Liability Management, and Experience Analysis.

Your future team

Corebridge Financial is a leading provider of a leading provider of Variable Annuities (VA) and Fixed Indexed Annuities (FIAs). Project Team is an increasing critical function for VA and FIA valuation team under the Individual Retirement and AIG Retirement Services (Group Retirement) businesses.

Responsibilities of this role include, but are not limited to:
  • Support the new product feature implementation
  • Perform single policy testing of new product coding in different valuation model
  • Work closely with GAAP and Stat team lead and model developer
  • Maintain the documentation of new product valuation package.
  • Support LDTI GAAP financial reporting development in AON model
  • Work closely with Market Risk Management to develop robust analytical platform to support the explanation of LDTI GAAP report
  • Review and debug the model code and test/validate any model changes
  • Ensure that development, validation, and user acceptance testing meet company standards for model governance and controls and that procedures are appropriately documented
  • Assist with other ad-hoc valuation projects as well as requests from internal and external auditors, Enterprise Risk Management and model validation, and Chief Finance Actuary teams
  • Support the broader GAAP and Statutory financial reporting teams.


We want to hear from you today if you can
  • Further your actuarial development as part of a large and diverse organization that offers opportunities to learn and contribute to the overall business goals
  • Leverage your technical and business skills to solve complex issues through various techniques, including the development and maintenance of actuarial models
  • Understand the regulatory environment and other standards required for product development, financial reporting and other key actuarial functions
  • Collaborate with senior actuarial talent in delivering the right solutions, focused on driving value for Corebridge Financial and its customers
  • Be detailed oriented, including properly documenting your work in accordance with Corebridge Financial and actuarial standards
  • Maintain appropriate exam progress in accordance with the Actuarial Professional Designation Development Program guidelines


What we are looking for

Required
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or other quantitative field
  • 3+ years of life and annuity actuarial experience
  • Experience with AON, AXIS, or other life and annuity actuarial software platforms
  • Strong critical thinking skill and fast learner
  • Highly detailed oriented with strong analytical problem-solving skills
  • Excellent verbal and written communication skills required and the ability to work independently and within a team are required.
  • Enthusiasm for supporting Senior Management requests and improving financial reporting analysis and processes


Preferred
  • Familiarity with life and annuity accounting guidance, including GAAP ASU 2018-12, and calculation methods for reserves and deferred acquisition costs
  • Experience with Annuities products
  • Experience with MicroStrategy or Tableau


What our employees like most about working for Corebridge Financial
  • We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
  • Our "Giving Back" policy is at the core of our daily operations and guides our future progress. Don't believe us? We put our money where our mouth is! We will give you up to 16 hours a year paid time off to volunteer in the community.
  • Our people are our most important asset therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
    • Paid Time Off (We recognize the importance of work life balance). We offer 24 PTO days to start. YES, 24! You will also benefit from 9 paid holidays per calendar year.
    • A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of whether you enroll or not.


For positions based in Jersey City, NJ, the base salary range is $90,000-$125,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.

For positions based in Woodland Hills, CA the base salary range is $90,000-$125,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area:
AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company ]
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Working at 

Corebridge Financial

Corebridge Financial is a recognized global provider of actuarial services, risk management, and financial analytics. They focus on the effective use of data to inform business strategies, optimize operations, and manage risk, enabling sustainable growth. The company's diverse team of professionals is trained in advanced mathematical and statistical techniques. Their expertise allows Corebridge Financial to give clients a competitive advantage in an unpredictable economic landscape. The company fosters a culture of collaboration, valuing each team member's contributions and insights. At Corebridge Financial, numerical analysis is a primary tool for generating tangible outcomes across various industries. This analytical approach is integral to the organization's operations, transforming complex data into actionable business strategies. In a broader context, Corebridge views data not just as numerical figures, but as a resource that can unveil a spectrum of opportunities. Their work often plays a vital role in guiding businesses towards long-term success. The company's ethos highlights the critical intersection of actuarial science and forward-thinking business strategy, demonstrating the importance of data in shaping the future of commerce.

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