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
You will be part of a dynamic team that oversees and aggregates the Annual Cash Flow Testing Process. While being an individual contributor, the candidate will have high visibility with senior management.
We want to hear from you today if you can
- Develop a comprehensive CFT review package, consistent across models/product, including graphs/visuals. Work with model owners to develop and implement changes.
- Evaluate and supplement the existing supporting information for the appointed actuary to sign off on adequacy testing.
- Convert some micro strategies reports into Tableau
- Include attribution of changes at model/product level
- Summary of asset mix at model/product level including year over year changes
- Liability inforce summary including riders/ITM levels and year over year changes
- ALM metrics
- Reinsurance summary
- Market changes
- Scenario changes
- Other relevant information, that would be model or product specific
- Implement AOM review/construction with the aggregation CFT team.
- Build agenda for weekly CFT meetings and produce/review minutes of the meeting that would document key topics and decisions and include tracking and follow-ups of outstanding items.
- Coordinate Regulatory exam when additional reviews from regulators occur.
- Coordinate Audit (with internal and external parties)
- Review of the VM-31 report
- Involvement in different ACLI task forces to keep the actuarial community abreast of changes in the regulatory landscape. Advise on implementation of new regulations.
What we are looking for
- Bachelor's degree in Actuarial Science, Mathematics, or related field
- FSA designation in the Society of Actuaries
- 10+ years of relevant actuarial experience
- Prior experience with Financial Reporting, ALM/Hedging, Regulatory guidelines and valuation principles, Economic Scenario Generation Process, Financial Projections etc.
- Experience in Cash Flow Testing is a plus
- Prior management experience (people or project) will be a plus, not required.
- Demonstrated record of performance in prior roles within the financial industry showing the ability to take ownership and initiative to achieve results
- Excellent oral and written communication skills
- Works under pressure and within time constraints to effectively accomplish individual and team objectives
- Finds creative solutions to standardize and automate processes
- Embraces change and quickly adapts to new methods and accountabilities
What our employees like most about working for Corebridge
- 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 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 if you enroll or not.
For positions based in Jersey City, NJ, the base salary range is $150,000-$200,000 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.
For positions based in Woodland Hills, CA the base salary range is $150,000-$200,000 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.
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.
Functional Area:
AC - Actuarial
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
American General Life Insurance Company
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.