ADP Assistant Actuary
About The Position
The Actuarial Development Program (ADP) is designed to promote the education and training of employees pursuing actuarial examinations in the knowledge and professional skills relating to actuarial practices. The Program is intended to provide support and encouragement to actuarial students in their pursuit of professional designations and support for continued good standing in generally recognized actuarial professional organizations approved by the Company for those employees with professional designations. The Assistant Actuary will be a member of a team providing support to product pricing initiatives and pricing oversight, including providing insights and analysis on pricing initiatives, offering actuarial support to the overall build out and enhancement of Pricing Models particularly as it relates to reserve components, ensuring reasonable consistency with current valuation methodologies and assumptions, and developing and socializing assumption recommendations for new products and product changes if needed The Assistant Actuary will be a member of a team providing model support to product development initiatives, including providing insights and analysis on new product initiatives, offering actuarial support to the overall build out and enhancement of current financial reporting models.
Requirements
- Completed ASA required
- 5+ years of actuarial experience.
- Excellent verbal and written communication skills required and the ability to work independently and within a team are required.
- Detail oriented, including attention to documentation.
Nice To Haves
- Experience with actuarial modeling software, AXIS or PathWise is preferred.
Responsibilities
- Financial & Actuarial Modeling Develop, test, and maintain robust actuarial models (US Statutory, GAAP, Bermuda basis and forecasting) for new product initiatives.
- Perform sensitivity testing and attribution analysis to analyze business performance and support decision-making.
- Support model owners to calculate statutory profitability metrics to support budget work for business leader decision-making
- Execute ad hoc modeling to support capital management initiatives, including reserve financing and reinsurance deals.
- Provide modeling support to identify business opportunities relating to accounting or regulatory changes and lead initiatives to capitalize on opportunities.
- Ensure comprehensive documentation of model development, testing and analysis.
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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
