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, Actuarial Modeling

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.

The Assistant Actuary will be a member of a team providing model support to product development initiatives, including providing insights and analysis on new product initiatives, offering actuarial support to the overall build out and enhancement of current financial reporting models.

• Financial & Actuarial Modeling
• Develop, test, and maintain robust actuarial models (US Statutory, GAAP, Bermuda basis and forecasting) for new product initiatives.
• Perform sensitivity testing and attribution analysis to analyze business performance and support decision-making.
• Support model owners to calculate statutory profitability metrics to support budget work for business leader decision-making
• Execute ad hoc modeling to support capital management initiatives, including reserve financing and reinsurance deals.
• Provide modeling support to identify business opportunities relating to accounting or regulatory changes and lead initiatives to capitalize on opportunities.
• Ensure comprehensive documentation of model development, testing and analysis.

• Completed ASA required
• 5+ years of actuarial experience.
• Experience with actuarial modeling software, AXIS or Path Wise is preferred.
• 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 $100,000 - $140,000 to 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 Jersey City, NJ, Houston, Texas, or Los Angeles office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive…