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Corebridge Financial

Corebridge Financial

Pension (Risk Transfer) Actuary / Consultant / Administrator

Pension (Risk Transfer) Actuary / Consultant / Administrator

Job Details
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Uploaded On
July 29, 2023
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Location
New York, 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.

The Institutional Markets - Pension team is one of the top writers of pension risk transfer transactions in the US. As our business continues to grow, the pension underwriting team is looking to hire a professional with actuarial or defined benefit pension plan expertise. Depending on the candidate's background, the successful candidate will perform one or multiple of the following duties: (1) underwrite, assess pension risks, perform actuarial calculations, and assemble proposals to support the Head of Domestic PRT in New Jersey in technical aspects; (2) act as internal project manager to support the Head of Domestic PRT in New Jersey in all technical aspects of onboarding of new business across internal functions; (3) act as pension specialist to support call center through managing defined benefit pension plan's benefit calculations, modeling, and testing; (4) act as pension specialist in drafting and reviewing defined benefit pension provisions in contracts from the actuarial modeling and pension administration perspectives before documents are utilized by call center, are delivered to individuals or are filed with state regulators; and/or (5) lead inforce governance and special projects assisting internal functions.

You Will:
  • Explain technical actuarial and/or pension topics to Head of Domestic PRT in New Jersey
  • Be viewed as the defined benefit pension plan expert within the company
  • Assess pension risks, calculate premiums, and customized contract terms affecting premiums or operations
  • Guide onboarding and lead cross function collaboration
  • Implement governance, controls, process, and procedures
  • Review actuarial calculations and actuarial methodology in a controlled environment
  • Execute actuarial model risk management framework including model development and testing
  • Apply technical expertise to support Operations and Valuation teams and ensure successful implementation of new business leading to accurate and reliable financial reporting
  • Think creatively and exercise sound judgment in leading projects


The Ideal Candidate Will Have:
  • Pension Risk Transfer or Defined benefit pension plan experience
  • Ability to interpret and implement complex pension plan benefit provisions as well as drafting of these documents
  • At least one of Pricing, Valuation, Actuarial Modeling, Pension Administration or Contract experience
  • Pension benefit calculation modeling, testing, or production experience
  • Project management experience
  • Self-Starter who is comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
  • Awareness of governance best practice and controls required
  • Competence in using Microsoft Office programs; familiarity with VBA coding a plus
  • Ability to work and thrive in a dynamic team environment, possess excellent interpersonal, written and oral communication skills and having a comfort with explaining complex materials in a clear, focused, and concise manner
  • Bachelors degree in Actuarial Science, Mathematics, Statistics, or related field
  • Pursue one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification


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 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 New York, NY, the base salary range is $95,000-$130,000 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.

Functional Area:
UW - Underwriting

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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