Associate Actuary - Pension Risk Transfer

Who We Are
At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:
     • We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners
     • We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders
     • We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future
     • We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work

Who You'll Work With

You will be a member the pricing team, providing actuarial support for the Institutional Markets lines of business. 

About The Role

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 investments, underwriting, valuation, policy administration, legal, ERM, and the sales team to ensure an effective and timely bid. You will also support the development of new international markets and current product maintenance as needed, and also maintain department documentation of products and processes.

Responsibilities

• Technical lead on pricing projects, including deriving assumptions, scenario analysis, producing high quality pricing memorandum or other documentation as applicable, and presenting results for approval, 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.

Skills and Qualifications

• Further your actuarial development as part of a large and diverse organization that offers opportunities to learn and contribute to the overall business goals
• Leverage your technical and business skills to solve complex issues through various techniques, including the development and maintenance of actuarial models
• Understand the regulatory environment and other standards required for product development, financial reporting and other key actuarial functions
• Collaborate with senior actuarial talent in delivering the right solutions, focused on driving value for Corebridge Financial and its customers
• Be detailed oriented, including properly documenting your work in accordance with Corebridge Financial and actuarial standards
• Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
• FSA, Near-FSA or experienced ASA
• 5+ years of actuarial work experience
• Prior experience in deriving assumptions for pricing pension risk transfer deals, pension consulting or valuation, or pricing similar insurance products (e.g. fixed annuities or payout annuities) is 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

Compensation

The anticipated salary ranges is $73,000 to $148,000 for positions based in [CO, D.C, IL, MD, MN, WA, NJ, NY & CA] at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will be ultimately be dependent on multiple factors, which may include the candidate's geographic location, skills, experience and other qualifications. In addition, the position is eligible for discretionary bonus in accordance with the terms of applicable incentive plan.

Work Location

This position is based in Corebridge Financial's [Houston, TX; Woodland Hills, CA & Jersey City, NJ] office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

#LI-ST1 #HYBRID #REMOTE

Why Corebridge?
At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer
Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building 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 colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  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 [email protected].  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.
We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company