ADP Assistant Actuary

Who we are

Corebridge Financial makes a tremendous difference in people’s lives. We help people plan to protect the future they envision and make decisions during the most difficult moments through the solutions and services we provide. Life & Retirement brings together a broad portfolio of retirement, life, and institutional products offered through an extensive distribution network. With our customer-focused service, breadth of product expertise, deep distribution relationships, and world-class team of talented employees who are passionate about what they do, we provide solutions for a brighter future.

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.

We want to hear from you today if you can:

• Be responsible for end to end Monthly/Quarterly/Yearly valuation reporting of Annuity business
• Ensure accuracy of data from valuation and admin systems
• Monitor appropriateness of material ledger items outside of direct valuation control such as premiums, benefit payments, and mortality
• Monitor Reserves to ensure reasonableness and provide clear explanations to the business
• Respond to inquiries from Internal/External auditors, State Insurance department regulators, Internal Revenue Service, Legal team, Parent Company, Finance department, and senior management
• Review of reserve models time to time and the valuation structure for appropriateness & consistency with US GAAP, STAT & Tax reporting
• Identify valuation issues and recommend solutions/opportunities for improvement
• Ensure new products are properly coded and tested in the valuation systems
• Produce clear and concise explanations regarding valuation issues and results
• Establish best practices by creating standard quality controls for the reserving process (SOX, PwC Audit etc.)
• Be responsible for Long Duration Targeted Improvements (LDTI) results testing and analysis

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 (or near ASA) 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 actuarial software is required

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.
• Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us? We put our money where our mouth is! We will give you up to 16 hours a year paid time off to volunteer in the community.
• Our people are our most important asset therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
  • Paid Time Off (We recognize the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays per calendar year.
  • A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.

For positions based in Woodland Hills, CA the base salary range is $103,000-$136,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and