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.
Your future team
As an Associate Actuary - Part Time, you will be involved in the review of our Inforce Life Insurance block to improve our understanding of the future profitability of this block and review of potential profitability improvement strategies and reinsurance transactions and their impact. You will report to the Vice President & Actuary, Life Inforce Management and will work closely with the Life CFO, Life Pricing, Valuation and Ceded Reinsurance teams.
Key Responsibilities:
- Work with consultants and internal stakeholders to perform a detailed profitability analysis and attribution for our inforce life insurance block
- Estimate earnings and balance sheet impacts of any reinsurance transactions and profitability improvement or risk reduction strategies
- Model inforce term products for post-level term optimization strategies
- Develop assumptions in support of above efforts
- Conduct annual rate certification filings for Accident and Health portfolio
- Provide expert actuarial support for inforce life products as needed to various stakeholders by accessing all necessary data and information and tying them together
- Identify correct policy forms, pricing memoranda, and product specifications of inforce life products. Understand and communicate them to provide support of above work products.
- Develop periodic presentations of analysis and recommendations for senior management
Position Requirements:
- Bachelor’s degree in Mathematics, Actuarial Science or Related Field
- Ideal candidate will be an Associate or Fellow of the Society of Actuaries and have 8+ years experience in the industry
- Prior experience in life pricing or life GAAP valuation preferred.
- Prior experience with actuarial valuation and modeling software, preferably CASE, ARCVAL, or Prophet.
- Programming skill in SAS, SQL, or Visual Basic is preferred.
- Excellent communication skills, including a proficiency in communicating with stakeholders at cross-disciplinary levels in the organization
- Proven ability to manage competing priorities and deadlines in a dynamic work environment without compromising attention to detail
- Excellent mathematical, analytical and problem-solving skills with attention to detail and quality of service.
For positions based in Jersey City, NJ, the base salary range is $50,000-$105,000 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 $50,000-$105,000 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 - ActuarialEstimated Travel Percentage (%): No TravelRelocation Provided: NoAmerican General Life Insurance CompanyWorking 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.