Actuarial Model Validation Associate

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 defining our culture and helping 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 working with Head of IR Modeling & Actuarial Support.

The Individual Retirement modeling team (supporting IR pricing function) is looking for an Actuarial Model Validation Associate. In this role, the Actuarial Model Validation Associate is expected to design pricing model validation strategies, implement and execute testing plan, and write model validation documentation to conclude validation results and report model issues. This position will report to VP, Head of IR Modeling and Actuarial Support and will be based in Woodland Hills, CA, Houston, TX or Jersey City, NJ.

• Understand and participate in the development of validation plans to cover all aspects of the pricing model changes
• Obtain the expertise to set up, run and extract results from the pricing models and perform independent testing and validation
• Execute validation plan, research and reconcile discrepancy between expectation and implementation, and create model validation documents
• Build and maintain spreadsheet version of pricing models to illustrate model functionalities
• Collaborate internally and externally to obtain required information for model validation, communicate findings and resolve issues
• Provide support with routine model review and audit
• Enhance model validation process, by proposing/adhering to sound model validation best practice and providing clear documentation of model validation procedures
• Other duties as assigned

• BA/BS Math/Statistics/Computer Science or related area
• Actuarial modeling experiences (with RAFM, Prophet, AXIS, or similar platforms) strongly preferred
• Proficient in Microsoft Excel and VBA
• Programming experience using languages such as Python and C++ are helpful but not required
• 2+ years of experience with Index, Fixed, RILA annuities
• Solid analytical and problem-solving skills
• Excellent communication skills
• Work well both independently and as part of a team

The anticipated salary range for this position is $80,000 to $100,000 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 Woodland Hills, CA, Houston, TX and 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.

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 location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching…