ADP Assistant Actuary

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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 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.

This position will report to Chief Pricing Actuary, Institutional Markets.

The Assistant Actuary will be a member of a team providing actuarial support for the Institutional Markets line of business. The primary focus will be on the pricing of domestic and international pension risk transfer deals: buy-outs, buy-ins, reinsurance, and longevity products. As a member of the pricing team, responsibilities will include interfacing with business unit management and other functional areas such as underwriting, valuation, policy administration, ERM, and the sales team.

The actuary will also support the development of new international markets, experience analysis of jumbo deals, and current product maintenance as needed, and also maintain department documentation of products and processes.

• Support pricing projects, including deriving assumptions, scenario analysis, producing high quality pricing memorandum and other documentation as applicable, 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.

• near ASA or ASA.
• 3+ years of actuarial 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’.
• Experience with Prophet 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 for this position is $110,000 to $130,000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

This position is based in Corebridge Financial’s Houston, TX or Jersey city, NJ.

May include up to 25%.

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.

• 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…