Head of Pricing and Product Development

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.

The successful candidate for this role will demonstrate strong leadership, technical expertise, and exceptional communication skills, with the ability to deliver pricing, rate-setting, product design, and product development outcomes across the Individual Retirement portfolio. This includes individual retail fixed, index, RILA, and variable annuity products.

This leader will manage and develop a high-performing team across four major product lines and partner closely with Distribution, Finance, Actuarial, Product Management, and other key stakeholders to enable Corebridge to achieve its sales and profitability objectives. The role reports directly to the President, Individual Retirement and Life Insurance.

As a key member of the Individual Retirement Leadership Team, this position partners with peers to ensure the business meets or exceeds its strategic, financial, and operational goals, while contributing meaningful insight and influence on broader business strategy. In addition, this individual will serve as a member of Corebridge’s Senior Leadership Group, which comprises the organization’s top leaders, and will play an active role in advancing communication, culture, and the overall success of the enterprise.

Why This Role Matters

This role supports one of the top providers of annuities in the U.S., with Corebridge Financial ranking #3 in total annuity sales and serving over 1.2 million active annuity policies nationwide. Decisions made in this role directly influence products distributed through 29,000+ financial professionals and hundreds of distribution partners, impacting retirement outcomes for clients at national scale.

Key Responsibilities:

As the Chief Pricing Actuary, you will be responsible for:

• Overseeing the pricing process, ensuring appropriate assumption, modeling methodologies, and profitability reporting
• Provide real-time pricing analytics for all fixed, index, RILA, and variable annuity products currently being sold in the market
• Partner with Finance and Actuarial to understand profitability on in-force annuity blocks, including maintaining the bridge from pricing output to actual financial results in partnership with our Finance and Actuarial teams
• Ensure consistency where appropriate in all pricing assumptions and methodologies for all product lines, including consistency with financial reporting assumptions and methodologies where appropriate
• Co-chair of our Pricing Committee

With crediting rate setting within this team, responsibilities include:

• New business rate setting for all products
• Renewal rate setting for all products
• Rate setting methodology and its alignment with our strategy and decision making

As head of product development, you will be responsible for:

• Establishing Corebridge’s Individual Retirement annuity product strategy
• Maintaining a competitive and profitable product portfolio
• Lead the innovation and product design efforts for all individual retail annuity products
• Oversee the design of complex new products and features that meet company’s profitability, risk and sales objectives
• Partner with Product Management to support the Implementation of product initiatives
• Monitor competitive, regulatory, distribution and economic environments for new product opportunities
• Maintain a deep understanding of customer, distributor, and shareholder needs via collaboration with Product Management, Pricing/Product Development, Sales and Distribution, Market Risk Management, Enterprise Risk Management, Legal, and Compliance
• Maintain a current knowledge of accounting, regulatory, distribution, and compliance requirements to ensure products remain in a profitable, compliant and competitive position

Job Requirements:

• 15+ years (with at least 8 in a leadership position) in product development/strategy, pricing, risk management, product management or other relevant actuarial roles
• BA/BS required
• Fellow in the Society of Actuaries (FSA) designation strongly preferred
• Deep knowledge of retail annuity products, with expertise in index, fixed, RILA and/or variable annuities
• Broad understanding of all distribution channels in the financial services industry
• Solid understanding of insurance company financials, including annuity pricing, risk management, GAAP and statutory accounting, regulatory issues
• Demonstrated collaboration skills and the ability to lead a team, including the support of continued growth & development of internal talent
• Highly organized – able to analyze and maintain large quantity of materials and manage multiple projects and priorities at once
• Excellent communication skills, both verbal and written, and an ability to simplify complex concepts and to communicate to all levels of the organization
• Ability to create compelling rationale for ideas and create thorough and thoughtful business cases
• Demonstrated success in the design and delivery of new initiatives and ideas
• Strategic and creative thinking; open-minded to others’ ideas and suggestions
• Demonstrated high level of detail orientation
• Strong analytical, critical thinking and problem-solving skills – demonstrated ability to understand impacts of simple to complex concepts
• Culture carrier and both team leader and team player
• Ability to understand and respond to constituent needs and deadlines quickly and efficiently
• Ability to travel occasionally to other Corebridge office locations or for attendance of industry conferences / distributor meetings.

Compensation

The anticipated salary range for this position is $207,000 to $330,000 [CA, CO, D.C, HI, IL, MA, MD, MN, NJ, NY, VT, WA] 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. In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

#LI-JG1

This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR § 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR § 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.

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:

SM - Sales & Marketing

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company