Assistant Actuary

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. Summary of the role Imagine being able to balance between focusing on pursuing your actuarial designations while gaining hands-on experience to build and enhance your actuarial career. Our program not only provides a full spectrum support for its members to pursue and support your path to professional actuarial designations, but ultimately to develop you as a future leader for Corebridge.

Responsibilities

• Further your actuarial career and work as part of team as you prepare to become an FSA in the Society of Actuaries.
• Be part of an organization that offers various actuarially opportunities, from very technically roles to roles focused on working with teams of talented associates in driving value to Corebridge and its customers.
• Be part of an organization that is committed to your on-going development, including offering various educational opportunities.
• Work with senior leaders (both actuarial and non-actuarial leaders) on driving key business and actuarial goals.
• Support Bermuda EBS model development for all insurance products reinsured to Corebridge's Bermuda Subsidiary CICB.
• Analyze model requirements.
• Create database store procedure to transform policy data into AXIS required format.
• Implement AXIS model for actuarial assumptions and valuation method under Bermuda regulation.
• Support BAU modeling activities such as assumption updates, methodology improvements, regulatory required changes, etc.
• Perform unit testing on development work and peer-review as assigned. Document all implantation steps.
• Provide both onshore and offshore model owners with any required ad hoc analysis.
• Support QA function by testing and remediating model discrepancies.
• Work with Actuarial Control and Model Governance team to ensure model controls are developed according to requirements.
• Work with IT to resolve data issues or process issues.
• Automate model run process and improve model run efficiency.
• Support model transition to production team by providing effective documentation and communication.

Requirements

• Bachelor's degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative fields.
• 2+ years of progressively more responsible actuarial experience with Life & Retirement Insurance product preferred, but not required.
• Associate of the Society of Actuaries designation preferred, but not required. Will consider candidates who are close to getting the ASA, but haven't achieved it yet. Similar designation of an ASA is also considered.
• Experience with various valuation frameworks, including Bermuda EBS, US STAT, CFT, and GAAP preferred.
• Experience with Moody's AXIS preferred.
• 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 SQL and VBA is required. C# and XML experience preferred but not required.
• #LI-SB1 #LI-SAFG #LI-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.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• 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

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