Actuarial Model Validation Associate

Corebridge Financial • Jersey City, NJ

4d • $80,000 - $100,000 • Hybrid

About The Position

The Individual Retirement modeling team (supporting IR pricing function) is looking for an Actuarial Model Validation Associate. In this role, the Actuarial Model Validation Associate is expected to design pricing model validation strategies, implement and execute testing plan, and write model validation documentation to conclude validation results and report model issues. This position will report to VP, Head of IR Modeling and Actuarial Support and will be based in Woodland Hills, CA, Houston, TX or Jersey City, NJ.

Requirements

• BA/BS Math/Statistics/Computer Science or related area
• Actuarial modeling experiences (with RAFM, Prophet, AXIS, or similar platforms) strongly preferred
• Proficient in Microsoft Excel and VBA
• 2+ years of experience with Index, Fixed, RILA annuities
• Solid analytical and problem-solving skills
• Excellent communication skills
• Work well both independently and as part of a team

Nice To Haves

• Programming experience using languages such as Python and C++ are helpful but not required

Responsibilities

• Understand and participate in the development of validation plans to cover all aspects of the pricing model changes
• Obtain the expertise to set up, run and extract results from the pricing models and perform independent testing and validation
• Execute validation plan, research and reconcile discrepancy between expectation and implementation, and create model validation documents
• Build and maintain spreadsheet version of pricing models to illustrate model functionalities
• Collaborate internally and externally to obtain required information for model validation, communicate findings and resolve issues
• Provide support with routine model review and audit
• Enhance model validation process, by proposing/adhering to sound model validation best practice and providing clear documentation of model validation procedures.
• Other duties as assigned.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees