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

As a part of the Pension Risk Transfer (PRT) Pricing team you will be providing actuarial support for the Institutional Markets line of business. The primary focus will be on the pricing of domestic and international pension risk transfer deals: buy-outs, buy-ins, reinsurance, and longevity products. Responsibilities will include interfacing with business unit management and other functional areas such as underwriting, valuation, policy administration, ERM, and the sales team. You will also support the development of new international markets, experience analysis of jumbo deals, and current product maintenance as needed, and also maintain department documentation of products and processes.

Responsibilities

Support pricing projects, including deriving assumptions, scenario analysis, producing high quality pricing memorandum and other documentation as applicable, within required timeframe.  Success necessitates the opportunity for significant interaction with business management and other functional areas throughout the company to complete pricing projects.

Support other actuarial product management/maintenance initiatives as required.  This includes providing input to the post-bid process, monitoring the competitive and regulatory landscape, and identifying risks and opportunities in the product portfolio and collaborating on corresponding solutions.

Maintain and continue to enhance the pricing model, the pricing process, and department documentation.  This entails monitoring company and industry experience and the economic environment, recommending, documenting, and implementing pricing updates and modeling improvements.

We want to hear from you today if you can

• Further your actuarial career and work as part of team as you prepare to become an FSA in the Society of Actuaries
• Be part of an organization that offers various actuarial opportunities, from very technical roles to roles focused on leading teams of talented associates in driving value to Corebridge Financial and our customers
• Be part of an organization that is committed to your on-going development, including offering various educational opportunities
• Work with senior leaders (both actuarial and non-actuarial leaders) on driving key business and actuarial goals
• Creation/maintenance of benchmark testing tools, including developing spreadsheets/programs based on model specifications to replicate model functionality and assembling benchmark data for model comparisons
• Utilize your communication and documentation skills to full present results (e.g., models) and allow others to fully understand the materiality of the results and assumptions made so proper actions can be taken
• Work with actuarial units, finance teams, and Business units across the organization to understand stakeholder requirements

What we are looking for

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
• 3+ years of progressively more responsible actuarial experience with Life & Retirement Insurance products
• Associate of the Society of Actuaries with goal of attaining FSA designation (or near an ASA designation)
• Prior Experience in deriving assumptions for PRT deals, pension consulting or valuation, and prophet modeling are a plus
• Highly detailed oriented with strong analytical problem-solving skills
• Excellent verbal and written communication skills
• Ability to work independently and within a team
• Advanced knowledge of MS Office especially Access and Excel
• Programming skill in SAS, Visual Basic, SQL, or C++ is a plus
• Experience with modeling software is required

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! 17 paid holidays in 2023.
  • 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 if you enroll or not.

For positions based in Jersey City, NJ, the base salary range is $105,000-$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 $105,000-$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.

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