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

Corebridge Financial is a leading provider of Fixed Indexed Annuities (FIAs). As Corebridge Financial’s FIA block of business grows rapidly, the FIA valuation team is an increasingly critical function for the Individual Retirement and Retirement Services (Group Retirement) businesses. Responsibilities of this role include, but are not limited to:

• Participate in monthly/quarterly GAAP reporting cycle and ensure calculated reserves and deferred acquisition costs are in compliance with any applicable accounting standards
• Prepare analysis and exhibits explaining changes in results, and help communicate the results to senior management and key stakeholders in a timely manner
• Prepare exhibits for 10K and 10Q filings
• Support model development team with implementation of new FIA product features, conduct User Acceptance Testing with technical expertise in product features, modelling approaches, and accounting guidance, and document all findings and results
• Support unlocking assumption updates and analysis
• Assist with requests from internal and external auditors, Enterprise Risk Management and model validation, and Chief Finance Actuary teams
• Enhance financial reporting processes with a focus on automating controls

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 full 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
• 3+ 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 required
• Experience with modeling software is required

What our employees like most about working for Corebridge

• 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.
• Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us? We put our mon