Associate Director & Actuary - Pension Risk Transfer Pricing

Open to having this role be remote for the right candidat

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.

Position Description

The Associate Director & Actuary will be a member of a team providing actuarial support for the Institutional Markets line of business.  The primary focus will be on supporting the pricing of domestic and international pension risk transfer deals:  buy-outs, buy-ins, reinsurance, and longevity products.  As a member of the pricing team, responsibilities will include interfacing with business unit management and other functional areas such as underwriting, valuation, policy administration, ERM, and the sales team.  The actuary will also support the development of new international markets, experience analysis of jumbo deals, and current product maintenance as needed, and also maintain department documentation of products and processes.  The actuary may also manage staff.

Responsibilities

Be the subject matter expert for all aspects of the pricing models including coding, validation, documentation, implementation, working with IT and the vendor, and providing training to staff. In addition, the actuary may direct pricing projects, including deriving assumptions, scenario analysis, producing high quality pricing memorandum and other documentation as applicable, within required timeframe.  Success necessitates the opportunity for significant interaction with business management and other functional areas throughout the company to complete pricing projects as well as the governance process.

Support other actuarial product management/maintenance initiatives as required.  This includes providing input to the post-bid process, monitoring the competitive and regulatory landscape, and identifying risks and opportunities in the product portfolio and collaborating on corresponding solutions.

Maintain and continue to enhance the pricing model, the pricing process, and department documentation.  This entails monitoring company and industry experience and the economic environment, recommending, documenting, and implementing pricing updates and modeling improvements.

Position Requirements

• FSA or seasoned ASA.

• A minimum of 7 years of actuarial experience required. Candidates with less experience will be considered for a commensurate position.

• Candidates that have experience with UK or US pensions, whether it be pension risk transfer products, pension consulting, or pension valuation will be strongly considered as well as candidates with similar life insurance product experience.

• Strong project management and communication skills are required to handle multiple deals and projects simultaneously while collaborating with various supporting departments.

• Detail oriented, including attention to documentation.

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! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.

• Our people are at the forefront of creating value for customers and stakeholders and 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 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% in to your 401K regardless of if you enroll or not.

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We are an Equal Opportunity Employer

Corebridge Financial,