Director of R&D Pricing

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

Director of R&D Pricing, which will oversee the development of innovative annuity products.

About The Role

This role will support the continued growth of Individual Retirement’s product suite, including Fixed, Indexed, Variable, and RILA products.  This role will require significant collaboration and feedback loops with business partners both inside and outside of the broader actuarial department as products go through the development and management life cycles.

Responsibilities
• Collaborate with business partners in Product Development, Product
Management, Hedging, Risk, Finance, and Assumption Setting to optimize
pricing design.
• Price annuity products, while balancing profitability, marketability, and risk.
• Work to achieve buy-in from finance and risk business partners on pricing
outcomes.
• Support the development of assumptions appropriate for the marketplace.
• Monitor industry trends especially regulatory changes impacting annuity products and pricing.
• Establish procedures for monitoring experience for newly developed products in order to adjust assumptions and pricing as necessary.
• Perform various duties delegated by Model Owners to support R&D pricing (i.e. specification development, collaboration with model developers, testing, etc.)
• Leverage pricing and product expertise to support other areas as needed.

Mentor and develop staff and serve as a leader within the broader department/ company.

Skills and Qualifications
• FSA designation in the Society of Actuaries
• Leadership and managerial experience
• 7+ Experience with pricing, hedging, or risk managing embedded options within annuities
• Experience with actuarial models
• Working knowledge of the annuity industry and all relevant product lines
• A proven track record of performance in prior roles within the insurance industry.

Prior experience in Indexed / RILA pricing or product development
• Prior experience with hedging and/or reinsurance
• High proficiency in at least one actuarial pricing projection software, ideally Risk Agility FM, and in advanced programming such as Python, etc.

Compensation

The anticipated salary ranges is $140,000 to $170,000 for positions based in [NJ and CA] at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will be ultimately be dependent on multiple factors, which may include the candidate's geographic location, skills, experience and other qualifications. In addition, the position is eligible for discretionary bonus in accordance with the terms of applicable incentive plan.

Work Location

This position is based in Corebridge Financial's [Houston, TX; Woodland Hills, CA & Jersey City, NJ] office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

#LI-ST1 #HYBRID

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

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: Yes

American General Life Insurance Company