ADP Assistant Actuary

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 Chief Pricing Actuary, Institutional Markets

About The Role

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.

Responsibilities

• 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.

Skills and Qualifications

• 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.

Compensation

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.

Work Location

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

Estimated Travel

May include up to 25%.

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 TalentandInclusion@corebridgefinancial.com.  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