Associate Director & Actuary

Corebridge Financial • Houston, TX

3d

About The Position

As an Associate Director , you will be a member of the Actuarial Modernization team, leads PathWise QA team and primarily supports Corebridge’s annuity business. The models developed by Actuarial Modernization team on PathWise platform will be used to produce GAAP and economic projections which will directly support valuation, capital management, asset liability management, and forecasting. You will have frequent and regular interactions with the valuation model owners, business line CFA team, actuarial control team, model production team and IT team.

Requirements

• Bachelor’s or Master's degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
• Actuary or Market Risk Management background required
• 8+ years of actuarial experience, predominantly in actuarial modeling
• Good verbal and written communication skills
• Able to cope with stress and fast-pace changes

Nice To Haves

• Modeling experience with PathWise platform preferred
• Python programming experience preferred
• Experience with annuity products preferred

Responsibilities

• Support the business needs to convert old block into PathWise platform which includes:
• Create testing plan and testing case to validate PathWise model
• Work with model owners to attribute conversion impact again legacy models
• Identify drivers of the conversion impact
• Test BAU model changes such as assumption updates, methodology improvements, regulatory required changes, and financial planning/forecast etc.
• Test new annuity product model implementation and onboarding
• Support company strategic projects, such as reinsurance and capital optimization
• Perform ad hoc sensitivity runs when required
• Perform integration testing on model releases including model controls
• Document all testing steps
• Work with IT to resolve data issues or process issues
• Support model transition to production team by providing effective documentation and communication

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: Director
• Number of Employees: 5,001-10,000 employees