ADP Assistant Actuary

Corebridge Financial•Woodland Hills, CA

1d•$100,000 - $140,000•Hybrid

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 Must be living in Jersey City, NJ., Houston, Texas, or Woodland Hills, CA (suburb of Los Angeles) or willing to re-locate to one of those areas and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Requirements

Completed ASA required
3+ 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 is a ‘plus’.

Responsibilities

Develop statutory and GAAP based modeling and reporting capabilities for IR products
Promote and calculate statutory profitability metrics to support budget work for business leader decision-making
Focus on efficiency, automation, profitability and risk management. Understanding critical drivers and current programs in place to monitor effectiveness and enhancement opportunities.
Actively provide insights into pricing initiatives and analysis
Provide 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
Actively participate in new product development initiatives
Develop and socialize assumption recommendations for new products and product changes if needed
Perform ad hoc analysis and participate in projects as requested by the BU CFO, CFA, which include but not limit to:
Reserve financing and reinsurance deal initiatives to improve capital management.
Identify business opportunities relating to accounting or regulatory changes and lead initiatives to capitalize on opportunities
Provide analysis, research, document review, coordinate with subject matter experts across functions and develop a working knowledge of key issues as it relates to strategic initiatives

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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