ADP Assistant Actuary

Who we are

Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement, and institutional products offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

As an ADP Assistant Actuary, you will be part of our Actuarial Development Program where you begin as a student that will rotate into various positions throughout the actuarial departments in order to gain a wide range of knowledge and experiences that can be leveraged throughout the Actuary’s career. Although not every rotation path is the same for every student, common roles often include, but are not limited to, Valuation, Product Development, Asset-Liability Management, and Experience Analysis.

Your future team

The A&H Valuation team focuses on the actuarial valuation of both individual Accident & Health and Group Benefits products.  The focus of this role will be on the Group Benefits’ side of the team, focusing on products including Long-Term Disability and Excess Major Medical for the purposes of GAAP, Statutory, and Tax reporting; additionally, there will be work associated with Individual A&H products.  The incoming student will interact with the greater Life team during the Statutory Annual Statement filings during year-end.

Job Description

• Prepare valuation inputs and run Long-Term Disability and Excess Major Medical valuation models
• Perform monthly, quarterly, and annual GAAP, Statutory, and Tax financial reporting for Group Benefits and Individual A&H blocks of business
• Earnings analysis, reserve roll-forward analysis, and variance analysis for quarterly and annual valuation processes
• Ensuring that proper model governance controls are in place, adhered to, monitored, documented, and maintained.
• Participate in assumption reviews
• Contribute to the preparation of statutory annual statement filings
• Maintain current reserve calculations to ensure the processes are accurate and complete
• Support other initiatives of the Life/Health Valuation function as needed

We want to hear from you today if you can

• Further your actuarial career and work as part of team as you prepare to become an FSA in the Society of Actuaries
• Be part of an organization that offers various actuarial opportunities, from very technical roles to roles focused on leading teams of talented associates in driving value to Corebridge Financial and our customers
• Be part of an organization that is committed to your on-going development, including offering various educational opportunities
• Work with senior leaders (both actuarial and non-actuarial leaders) on driving key business and actuarial goals
• Creation/maintenance of benchmark testing tools, including developing spreadsheets/programs based on model specifications to replicate model functionality and assembling benchmark data for model comparisons
• Utilize your communication and documentation skills to fully present results (e.g., models) and allow others to fully understand the materiality of the results and assumptions made so proper actions can be taken
• Work with actuarial units, finance teams, and Business units across the organization to understand stakeholder requirements

What we are looking for

• 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 Visual Basic is preferred
• Experience with modeling software is preferred
• Experience with FIORI and WEBI is preferred

What our employees like most about working for Corebridge Financial

• We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation