ADP Assistant Actuary

Who We Are
At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You’ll Work With

This position will report to VP, Actuary, Actuarial Modeling

About The Role - Actuarial Development Program

The Actuarial Development Program (ADP) is designed to promote the education and training of employees pursuing actuarial examinations in the knowledge and professional skills relating to actuarial practices.  The Program is intended to provide support and encouragement to actuarial students in their pursuit of professional designations and support for continued good standing in generally recognized actuarial professional organizations approved by the Company for those employees with professional designations.

The Assistant Actuary will be a member of a team providing support to product pricing initiatives and pricing oversight, including providing insights and analysis on pricing initiatives, offering actuarial support to the overall build out and enhancement of Pricing Models particularly as it relates to reserve components, ensuring reasonable consistency with current valuation methodologies and assumptions, and developing and socializing assumption recommendations for new products and product changes if needed

The Assistant Actuary will be a member of a team providing model support to product development initiatives, including providing insights and analysis on new product initiatives, offering actuarial support to the overall build out and enhancement of current financial reporting models.

Responsibilities

• Financial & Actuarial Modeling
  • Develop, test, and maintain robust actuarial models (US Statutory, GAAP, Bermuda basis and forecasting) for new product initiatives.
  • Perform sensitivity testing and attribution analysis to analyze business performance and support decision-making.
  • Support model owners to calculate statutory profitability metrics to support budget work for business leader decision-making
• Execute ad hoc modeling to support capital management initiatives, including reserve financing and reinsurance deals.
• Provide modeling support to identify business opportunities relating to accounting or regulatory changes and lead initiatives to capitalize on opportunities.
• Ensure comprehensive documentation of model development, testing and analysis.  

Skills and Qualifications

• Completed ASA required
• 5+ years of actuarial experience.
• Experience with actuarial modeling software, AXIS or PathWise is preferred.
• Excellent verbal and written communication skills required and the ability to work independently and within a team are required. 
• Detail oriented, including attention to documentation.

Compensation

The anticipated salary range for this position is $100,000 - $140,000 to at the commencement of employment.  Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

Work Location

This position is based in Corebridge Financial’s Jersey City, NJ., Houston, Texas, or Los Angeles office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Why Corebridge?
At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer
Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected].  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.
We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

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