Assistant Actuary - IR Pricing & Product Development
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Overview
Job Description
Who We AreAt 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 actdecisively 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 role interacts with product development and modeling teams at the outset of projects and then work will shift to working with teams on assumption setting and rate setting implementation team.
About The Role
This role is focused on the pricing and development of innovative annuity products. The person in this role will have the opportunity to work and collaborate on research and design for annuities across our Life & Retirement suite. The work consists of the implementation of assumptions and determining the risk/reward profile of the product offering through robust analysis. The work starts with baseline simplistic pricing to determine initial feasibility and then moves to sophisticated pricing model analysis.
Responsibilities
- Price new annuity products, balancing profitability, marketability, and risk.
- Collaborate with business partners such as product development and product management to optimize pricing with design.
- Perform model testing to ensure that new products are implemented correctly.
- Produce analysis that achieves buy-in from finance and risk business partners on pricing outcomes.
- Support the development and testing of assumptions appropriate for new products.
Skills & Qualifications
- Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
- 5+ years of progressively more responsible actuarial experience with Life & Retirement Insurance products
- Associate of the Society of Actuaries with goal of attaining FSA designation
- Highly detailed oriented with strong analytical problem-solving skills
- Excellent verbal and written communication skills
- Ability to work independently and within a team
- Advanced knowledge of MS Office especially Access and Excel
- Programming skill in SAS, Visual Basic, SQL, or C++ is preferred
- Experience with modeling software is preferred
Compensation
The anticipated base salary range for this position is $110,000 to $115, 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.
In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.
Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.
Work Location
This position is based in Corebridge Financials' Houston office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. For the right candidate, this role can also be in our Woodland Hills, CA or Jersey City, NJ locations.
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 EmployerCorebridge 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 - ActuarialEstimated Travel Percentage (%): No TravelRelocation Provided: NoAmerican General Life Insurance CompanyAutomate your job search with Sonara.
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