ADP Assistant Actuary

Overview

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

This position will report to VP, Actuary, Individual Retirement CFA team

About The Role - Actuarial Development Program

The Actuarial Development Program (ADP) is designed to promote the education and training of employees pursuing actuarial examinations in the knowledge and professional skills relating to actuarial practices. The Program is intended to provide support and encouragement to actuarial students in their pursuit of professional designations and support for continued good standing in generally recognized actuarial professional organizations approved by the Company for those employees with professional designations.

The Assistant Actuary will be a member of a team providing support to product pricing initiatives and pricing oversight, including providing insights and analysis on pricing initiatives, offering actuarial support to the overall build out and enhancement of Pricing Models particularly as it relates to reserve components, ensuring reasonable consistency with current valuation methodologies and assumptions, and developing and socializing assumption recommendations for new products and product changes if needed

Must be living in Jersey City, NJ., Houston, Texas, or Woodland Hills, CA (suburb of Los Angeles) or willing to re-locate to one of those areas and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

• Financial and Actuarial Analysis & Coordinate and Communicate Financial Reporting Results which include:
  • Develop statutory and GAAP based modeling and reporting capabilities for IR products
  • Promote and calculate statutory profitability metrics to support budget work for business leader decision-making
  • Focus on efficiency, automation, profitability and risk management. Understanding critical drivers and current programs in place to monitor effectiveness and enhancement opportunities.
• Support Product Pricing Initiatives and Pricing Oversight
  • Actively provide insights into pricing initiatives and analysis
  • Provide actuarial support to the overall build out and enhancement of Pricing Models particularly as it relates to reserve components, ensuring reasonable consistency with current valuation methodologies and assumptions
  • Actively participate in new product development initiatives
  • Develop and socialize assumption recommendations for new products and product changes if needed
• Perform ad hoc analysis and participate in projects as requested by the BU CFO, CFA, which include but not limited to:
  • Reserve financing and reinsurance deal initiatives to improve capital management.
  • Identify business opportunities relating to accounting or regulatory changes and lead initiatives to capitalize on opportunities
  • Provide analysis, research, document review, coordinate with subject matter experts across functions and develop a working knowledge of key issues as it relates to strategic initiatives

• Completed ASA required
• 3+ years of actuarial experience.
• Experience with actuarial modeling software is a ‘plus’.
• Excellent verbal and written communication skills required and the ability to work independently and within a team are required.
• Detail oriented, including attention to documentation.

The anticipated salary range…