Assistant Director - Quantitative Strategy

Prefer for the role to be located in Houston, New York, or Los Angeles. However, we are open to remote candidate.

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.

Overview of the Role

Corebridge Financial is seeking an Assistant Director of Quantitative Strategy, who will report to the Head of Quantitative Strategy for Life & Retirement (L&R) and will provide strategic quantitative support to the UK Pension Risk Transfer (PRT) business amongst the rest of the business across Life & Retirement.  The Quantitative Strategy Group has the mandate to establish a valuation framework that will enable the Life and Retirement businesses to evaluate strategic opportunities including acquisitions, divestitures, ceded and assumed reinsurance. The group will work in a dynamic environment and have expertise across many disciplines including actuarial valuation, asset modeling, accounting principles, capital models, and hedging strategies in order to carry out its mandate. The nature of the work will be intense as transaction opportunities arise, and hence the team will be leveraging state-of-the art technologies and platforms to perform analyses.

Summary of Responsibilities     

• Build, run and review state-of-the-art financial and statistical models to optimize the financial performance of the L&R businesses

• Interact and work closely with business actuaries and underwriters to ensure accurate development of financial models

• Will be the point of contact to the UK PRT business and provide quantitative strategic support in respect of devising hedging programs, assessing the drivers of financial performance on economic and GAAP basis, and performing analysis for new transactions

• Create presentations and present analyses to business Chief Financial Officers, Chief Finance Actuaries, and Chief Pricing Actuaries

• Interact and work closely with the AIG Investments team to 1) develop insights into recent trends in various asset classes and 2) support execution of investment and hedging strategies

• Collaborate with ERM to facilitate the review of and validation of the tools being built by the Quantitative Strategy team

• Contribute to the prioritization and types of opportunities across L&R

• Partner with data management and visual analytics teams to operationalize insights for delivery

• Implement standards and appropriate governance for modelling efforts

Qualifications – Our Ideal Candidate

• Minimum 5+ years of experience with, which includes designing and implementing highly visible, complex, and wide-scope analytics solutions with successful conclusions

• Minimum 5+ years of professional experience in the advanced statistical or economics space

• Advanced degree or designation preferred: MFE (MS in Financial Engineering), MBA, FSA or equivalent

• Basic knowledge of projections used for asset liability management

• Excellent business acumen and strong technical skills

• Conceptual and analytical skills to develop solutions to complex problems

• Effectively deals with ambiguity

• Clear and accessible communicator, influencer, and facilitator

• Knowledge and understanding on drivers of profitability within businesses

• Familiarity with financial theory, including modeling of capital markets, asset valuation, and the capital asset pricing model

• Knowledge and experience applying advanced analytical techniques (statistical, optimization, artificial intelligence, machine learning, etc.) and tools to solving business problems

• Knowledge of actuarial projection techniques across all valuation bases preferred: statutory, GAAP, economic, and tax

• Programming experience in C++ /Python/C#/Java/SQL.             

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 incre