AVP & Actuary- IR Product Development

Corebridge Financial • Houston, TX

1d • Hybrid

About The Position

This role AVP & Actuary, Product Development is responsible for supporting the Product Development Lifecycle from Ideation through Post-Launch Product Maintenance. The role is critical to Individual Retirement because it serves as a technical and regulatory subject matter expert for all lines of business. This individual will be responsible for front end ideation, and review supporting internal documentation, reviewing of applicable contract forms and other filed documents, as well as marketing collateral and illustrations. This position provides Actuarial Product Development support within but not limited to the Product Team.

Requirements

• BA/BS plus 10+ years business experience with an emphasis on actuarial support functions in annuity line of business.
• Must have annuity and modeling experience.
• FSA required
• Excellent communication skills
• Detailed understanding of the annuity regulatory environment
• Experience in working with regulators and participating in industry regulatory groups
• Ability to develop new outside relationships and effectively communicate to outside business partners, distributors and regulators
• Knowledge of Annuity products and living benefit features
• Proficient in Microsoft Excel, Word, PowerPoint, and Access.
• Strong analytical and problem-solving skills
• Ability to work independently and as part of a team
• Attention to detail in both work performed and presentation of work product
• Ability to lead and manage resources required to support new product development and ongoing product management support

Nice To Haves

• Knowledge of VBA is a plus

Responsibilities

• Support research and development and actuarial support function for individual annuity products
• Collaborate in the development of Product Specifications and Guiding Principles for new products/features, including formulas and numerical examples
• Support ideation, third party bank and asset manager relationships
• Aid in the drafting of RFP’s for new index providers and associated data collection and analysis
• Collaborate with Contract Management & Legal teams in development, review and sign off on contract and prospectus language
• Collaborate with the Actuarial Support Team on creating/updating hypothetical calculation tools for Annuity products
• Support actuarial reviews of Marketing materials for annuity products
• Create and update hypothetical calculation tools for annuity products
• Create and support development of actuarial memoranda for new product submissions and/or sign off on submissions to regulators
• Provide subject matter expertise and ensure compliance with product regulatory framework (SOA, NAIC, Interstate Compact, NY DFS, etc.).
• Provide technical training for new products and features
• Work closely with Product Management & IT teams to provide systems technical support
• Support issues resolution function

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.

What This Job Offers

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