Assistant Actuary - IR Pricing & Product Development

Corebridge Financial•Jersey City, NJ

1d•Hybrid

About The Position

This role is focused on the pricing and development of innovative annuity products. The person in this role will have the opportunity to work and collaborate on research and design for annuities across our Life & Retirement suite. The work consists of the implementation of assumptions and determining the risk/reward profile of the product offering through robust analysis. The work starts with baseline simplistic pricing to determine initial feasibility and then moves to sophisticated pricing model analysis.

Requirements

Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
5+ years of progressively more responsible actuarial experience with Life & Retirement Insurance products
Associate of the Society of Actuaries with goal of attaining FSA designation
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

Nice To Haves

Programming skill in SAS, Visual Basic, SQL, or C++ is preferred
Experience with modeling software is preferred

Responsibilities

Price new annuity products, balancing profitability, marketability, and risk.
Collaborate with business partners such as product development and product management to optimize pricing with design.
Perform model testing to ensure that new products are implemented correctly.
Produce analysis that achieves buy-in from finance and risk business partners on pricing outcomes.
Support the development and testing of assumptions appropriate for new products.