Associate Director & Actuary

Corebridge Financial • Houston, TX

1d • Hybrid

About The Position

The Assoc Dir & Actuary Business Planning and Legal Entity Forecasting will be responsible for analyzing and presenting financial projections on a GAAP and Statutory basis, as appropriate as well as for sensitivities, scenario-based planning, and other strategic activities for Bermuda based CICB legal entity. This position will work closely with segment Corporate FP&A, Bermuda finance, Segment CFOs, Actuarial, Investment Management and Capital Management teams to develop a comprehensive analytical package for financial results. This role will also play a key role in re-engineering and improving our forecasting capabilities.

Requirements

• Prefer an Actuary with an ASA or FSA, but open for the right candidate with either CPA or CFA credentials combined with a finance background in the insurance sector.
• Position requires: an analytical individual; strategic mindset; robust attention to detail and accuracy; and strong knowledge of insurance finance and accounting
• A bachelor’s degree in a quantitative field preferred; professional certification (e.g. ASA or FSA) is preferred.
• 5 + years financial planning/forecasting experience in insurance industry required
• Broad knowledge of U.S. GAAP, US statutory, Bermuda statutory, accounting, and capital rules
• Experience working in a large, complex, and dynamic organization
• Comfortable performing effectively in fast-paced environment that requires problem solving
• Strong collaboration and communication skills

Responsibilities

• Manage planning and forecasting processes for Bermuda captive which involves modeling economic balance sheet, solvency requirements and local statutory financial statements.
• Produce standardized analytical package for Corebridge leadership communicating financial performance under US GAAP and local Statutory lenses.
• Provide recurring statutory financial forecasts to meet rating agency, regulatory and capital planning needs.
• Model financial impacts for strategic transactions and communicate the results to senior leadership and assist in decision making process.
• Model CICB financial results sensitivities to macro-economic factors (interest rate, equity and spread) and communicate the results.

Benefits

• Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.
• 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.
• Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level