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Corebridge Financial · 1 month ago

ADP Assistant Actuary

TX-Houston

Full-time

Onsite

Mid Level

$110K/yr - $130K/yr

3+ years exp

Corebridge Financial is a company focused on enabling individuals to take action in their financial lives. The Assistant Actuary will provide actuarial support for the Institutional Markets line of business, primarily focusing on the pricing of pension risk transfer deals and collaborating with various functional areas within the company.

Financial ServicesInsuranceLife Insurance

Responsibilities

Support 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

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

Qualification

ASA certificationActuarial experienceProphet modeling softwarePension risk transfer pricingCommunication skillsDetail oriented

Required

near ASA or ASA

3+ years of actuarial experience

Prior experience in deriving assumptions for pricing pension risk transfer deals, pension consulting or valuation, or pricing similar insurance products (e.g. fixed annuities or payout annuities) is a ‘plus'

Excellent verbal and written communication skills required

Ability to work independently and within a team are required

Detail oriented, including attention to documentation

Preferred

Experience with Prophet modeling software is a ‘plus'

Benefits

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.