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Assistant Actuary - IR Pricing & Product Development

External
corebridgefinancial logoCorebridgefinancial · Houston, TX
Full-timeHybrid1w ago
ExcelSASSQL
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About the role

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 role interacts with product development and modeling teams at the outset of projects and then work will shift to working with teams on assumption setting and rate setting implementation team. This role is focused on the pricing and development of innovative annuity products. The person in this role will have the opportunity to work and collaborate on research and design for annuities across our Life & Retirement suite. The work consists of the implementation of assumptions and determining the risk/reward profile of the product offering through robust analysis. The work starts with baseline simplistic pricing to determine initial feasibility and then moves to sophisticated pricing model analysis.

Responsibilities

  • Price new annuity products, balancing profitability, marketability, and risk.
  • Collaborate with business partners such as product development and product management to optimize pricing with design.
  • Perform model testing to ensure that new products are implemented correctly.
  • Produce analysis that achieves buy-in from finance and risk business partners on pricing outcomes.
  • Support the development and testing of assumptions appropriate for new products.

Requirements

  • Bachelor's degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
  • 5+ years of progressively more responsible actuarial experience with Life & Retirement Insurance products
  • Associate of the Society of Actuaries with goal of attaining FSA designation
  • Highly detailed oriented with strong analytical problem-solving skills
  • Excellent verbal and written communication skills
  • Ability to work independently and within a team
  • Advanced knowledge of MS Office especially Access and Excel
  • Programming skill in SAS, Visual Basic, SQL, or C++ is preferred
  • Experience with modeling software is preferred

Benefits

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.Work LocationThis position is based in Corebridge Financials' Houston office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. For the right candidate, this role can also be in our Woodland Hills, CA or Jersey City, NJ locations.Estimated TravelMay include up to 25%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.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 OfHealth insuranceDental insuranceVision insurance401(k)Remote work optionsPerformance bonus

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