CFO, Life Insurance

Corebridge Financial • Jersey City, NJ

20h • Hybrid

About The Position

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow. We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life: We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners. We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders. We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future. We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work. Position Summary This position reports to the Retail Chief Financial Officer, who reports to the CFO of Corebridge Financial, Inc. The Life CFO at Corebridge is responsible for all financial aspects of the Life business, including strategic planning, analysis of financial results, budgeting, forecasting, and partnering with Life business leadership and Finance leadership. Responsibilities: The Life CFO role is responsible for financial oversight within the Life line of business. The embedded Life Finance team is separate and distinct from other functions within the Corebridge Finance organization, such as Controllers, Actuarial, FP&A, Reinsurance, ERM, ALM, and Investments. This role requires integration and collaboration across financial and non-financial functions within Corebridge. Key interactions include the Retail President and Head of Life Insurance, Product Pricing, Legal, Operations, Distribution, IT, and Underwriting. Within Finance, interactions will include the Corebridge CFO, Retail CFO, Financial Planning & Analysis, Actuarial, Enterprise Risk Management, and Controllers. The role primarily supports the Life business by ensuring accurate financial data is available for management decision-making, internal reporting, earnings plans and changes in outlook, risk assessments, and broader business strategy decisions. The Life CFO will lead quarterly earnings analysis and presentations and is primarily responsible for multi-year forecasting. Other focus areas include: Monitoring and evaluating key performance indicators Overseeing internal and external reinsurance transactions Assessing profitability of blocks of business Reviewing investment returns and operational performance Capital management Expense management Balance sheet optimization Strategic business partnership is essential for this role. Specific activities include reviewing financial trends and developments, leading investigations into trend anomalies, managing oversight of periodic outlooks and forecasts, and preparing materials for Corebridge senior leadership (including monthly financial reviews, rating agency presentations, and other ad hoc analyses). Financial analysis includes evaluation of product lines, blocks of business, and considerations around new markets/distribution or exiting unprofitable ones. Additional responsibilities include evaluating operations, supporting M&A activity as needed, enhancing management reporting, and addressing other non-routine requests.

Requirements

• 10+ years of progressive accounting and financial responsibility in life insurance finance/accounting; international and market-based KPI experience is a plus
• An independent mindset, able to assess situations with healthy skepticism
• Ability to lead actions across the organization (Finance, Business Operations, IT, and peer groups) as necessary to solve business needs
• Strong multitasking capability, with the ability to manage multiple projects simultaneously and successfully
• Broad understanding of processes and experience working in a large organization with interdependent functions
• Ability to motivate, inspire, and relate to small teams
• Strong interpersonal and communication skills
• Awareness of trends in the external marketplace
• Ability to communicate effectively across all levels of personnel

Responsibilities

• Identify and establish focus areas, prioritize initiatives, and execute on specific one-off needs where problems or opportunities exist
• Demonstrate strong command of the Life business economics
• Communicate effectively, both verbally and in writing
• Navigate and collaborate with Corebridge Finance and Actuarial functions to deliver results
• Collaborate with other work groups across Corebridge
• Develop and manage effective internal relationships
• Ensure timely and transparent presentation of financial data and KPIs
• Identify opportunities to improve resource allocation and reduce costs
• Prepare, review, and analyze data to provide insights into forecasts and anticipated impacts of future internal or external events
• Participate in special projects as needed, including simplification and efficiency initiatives, financial transformation efforts, internal capital management, and reinsurance initiatives
• Support potential M&A due diligence and integration efforts or other organizational activities

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: Executive
• Education Level: No Education Listed