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Associate Actuary, Life Pricing and Group Benefits

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corebridgefinancial logoCorebridgefinancial · Houston, TX
$115K–$120K/yrFull-timeHybrid2w ago
ComplianceExcelVBA
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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 Seeking an Associate Actuary for the Traditional Life Pricing and the Group Benefits team. This position will report to the Head of Life Pricing

Responsibilities

  • Design, price, and implement Life Insurance products, balancing profitability, marketability, and risk.
  • Lead Group Benefits reporting requirements for Minimum Loss Ratio (MLR) under Patient Protection and Affordable Care Act (PPACA), large client annual reporting on their plan performance etc.
  • Assumption development, state filings and approval documents for Traditional Life products
  • Review emerging experience and adjust assumptions and pricing as necessary.
  • Collaborative mindset to work cross functionally (Product Development, Finance, Risk, Compliance, Legal, Distribution, Reinsurance etc.)

Requirements

  • Proficient in at least one actuarial pricing projection software, ideally PROPHET or AXIS
  • Ability to work well in teams.
  • Ability to handle multiple projects and meet tight deadlines.
  • Excellent oral and written communication skills.
  • Customer oriented individual providing strong customer service to internal stakeholders.
  • Demonstrated technology skills, including knowledge of Microsoft Excel and computer programming (VBA, C++).
  • Strong problem-solving skills.
  • Looking for someone hands-on and willing to learn.
  • Skills & Requirements
  • New FSA preferred; Career ASA or near FSA with 5+ years of experience will be considered.
  • Bachelor degree in Actuarial Science, Mathematics, Finance or a related field.

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 one of Corebridge Financial's office in Houston-TX, Woodland Hills-CA or Jersey City-NJ and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.Estimated TravelMinimal travelWhy 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 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 EmployerCorebridge Financial, is committed to being an equal opportunity eHealth insuranceDental insuranceVision insurance401(k)Paid time offRemote work optionsPerformance bonus

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