Pension (Risk Transfer) Actuary, Analyst, Administrator

Who we are

Corebridge Financial is a leading global insurance organization. Building on 100 years of experience, today Corebridge Financial member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

The Institutional Markets - Pension team is one of the top writers of complex pension risk transfer transactions in the US.  As our business continues to grow, the pension underwriting team is looking to hire a professional with actuarial or defined benefit pension plan expertise.  Depending on the candidate’s background, the successful candidate will perform one or multiple of the following duties: (1) underwrite, assess pension risks, perform actuarial calculations, and assemble proposals to support the Head of US PRT in New Jersey in technical aspects; (2) act as internal project manager to support the Head of US PRT in New Jersey in all technical aspects of onboarding of new business across internal functions; (3) act as pension specialist to support call center through managing defined benefit pension plan’s benefit calculations, modeling, and testing; (4) act as pension specialist in drafting and reviewing defined benefit pension provisions in contracts from the actuarial modeling and pension administration perspectives before documents are utilized by call center, are delivered to individuals or are filed with state regulators; and/or (5) lead inforce governance and special projects assisting internal functions.

You Will:

• Explain technical actuarial and/or pension topics to Head of US PRT in New Jersey
• Be viewed as the defined benefit pension plan expert within the company
• Assess pension risks, calculate premiums, and customized contract terms affecting premiums or operations
• Guide onboarding and lead cross function collaboration
• Implement governance, controls, process, and procedures
• Review actuarial calculations and actuarial methodology in a controlled environment
• Execute actuarial model risk management framework including model development and testing
• Apply technical expertise to support Operations and Valuation teams and ensure successful implementation of new business leading to accurate and reliable financial reporting
• Think creatively and exercise sound judgment in leading projects

The Ideal Candidate Will Have:

• Defined benefit pension plan experience
• Ability to interpret and implement complex pension plan benefit provisions as well as drafting of these documents
• At least one of Pricing, Valuation, Actuarial Modeling, Pension Administration or Contract experience
• Pension benefit calculation modeling, testing, or production experience
• Project management experience
• Self-Starter who is comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
• Awareness of governance best practice and controls required
• Competence in using Microsoft Office programs; familiarity with VBA coding a plus
• Ability to work and thrive in a dynamic team environment, possess excellent interpersonal, written and oral communication skills and having a comfort with explaining complex materials in a clear, focused, and concise manner
• Bachelors degree in Actuarial Science, Mathematics, Statistics, or related field
• Pursue one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification

What our employees like most about working for Corebridge Financial

• We care about your professional development. Our career progression and tuition reimbursement 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! Corebridge Financial, 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: Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays in 2024. 
• 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 automati