*Open to the role being remote for the right candidate

Who We Are

At Corebridge Financial, Action is Everything. We are a new company, but not a new business. Formerly AIG Life & Retirement, we are one of the largest and most established providers of retirement solutions and insurance products in the United States, with a long and proven track record of serving our clients. Everyday, we proudly partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

Job Description

We currently seek an Associate Director and Actuary, Institutional Markets ("IM").  This position will report directly to the Chief Finance Actuary ("CFA") of IM, and will have frequent and regular interaction with the IM management team providing actuarial and finance support across the business unit.  

IM has enjoyed substantial growth in the past several years, which is expected to continue, offering a dynamic and positive team environment. The CFA team touches on all actuarial aspects of the IM business leading to a well-rounded view with countless learning and growth opportunities. The position will work with a wide variety of supporting functions including Finance, Valuation, Pricing, Experience Studies, Modeling, and ALM.

The IM business includes various product types:  Pension Risk Transfer (“PRT”), Structured Settlements (“SS”), Guaranteed Investment Contracts (“GICs”), Corporate Owned Life Insurance (“COLI”)/ Bank Owned Life Insurance (“BOLI”), High Net Worth (“HNW”), and Stable Value Wraps (“SVW”).   

Role and Responsibilities

This role is responsible for leading some of IM’s special actuarial projects as well as playing an oversight role for all actuarial activities.  More specifically, the position will focus on: 

• Understanding and improving earnings analysis for Long Duration Targeted Improvements (“LDTI”). This will involve results review, analyzing earnings to explain movements and trends to senior IM management, including reserve roll-forwards and variance analysis for the monthly and quarterly valuation process.

• Support forecasting and budget processes for LDTI and statutory reporting bases. Enhance forecasting and budget tools.

• Support growth of UK Collateralized Reinsurance Transactions through in-force modeling and other special projects

• Understanding experience studies results and their business impacts while ensuring valuation, inforce and pricing models, and risk management assumptions are consistent, where appropriate. This will become even more critical under the LDTI framework during the annual assumption review and unlocking process 

• Reviewing annual Cash Flow Testing and loss recognition analysis, monthly forecasting for liabilities, and periodic review of Internal Capital and ALM analytics

• Perform field testing for upcoming VM-22 statutory updates for payout annuities

• Supporting initiatives of the office of the CFO/CFA as necessary

Position Requirements

• This individual should be an experienced Associate of the Society of Actuaries (ASA) or a Fellow of the Society of Actuaries (FSA)

• A bachelor’s degree is required

• 3 + years of progressively more responsible actuarial experience with life insurance and annuity products

Candidate Profile

• The candidate must have excellent communication skills and the ability to interact with the IM management team as well as the finance, valuation, and other IM teams to ensure consistency across work streams

• Ideal candidate will have a background in payout annuities (PRT, SS) 

• 3+ years of experience with actuarial projection software (AXIS preferred)

• Experience with valuation, financial reporting, business planning and experience studies

• General actuarial competency related to pricing, valuation (economic, GAAP, and statutory), and modeling of life insurance products

• Highly motivated and results-oriented

• Strong analytical skills

• Ability to work independently

• Desire to deliver high quality work product

• Demonstrated success working in cross-functional collaborative teams and in working with senior management

• Goal oriented and well-organized, with the ability to develop and manage disciplined processes.

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! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.

• Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay. Benefit package includes:

• Paid Time Off (Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 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% in to your 401K regardless of if you enroll or not.

For positions based in Woodland Hills, California, the base salary range is $110,000 - $160,000 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,.

#LI-SB1  #LI-SAFG #LI-Hybrid #LI-Remote

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 (%): Up to 25%

Relocation Provided: Yes

American General Life Insurance Company