Head of Pricing and Product Development

Corebridge Financial • Woodland Hills, CA

3d • $207,000 - $330,000

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. The successful candidate for this role will demonstrate strong leadership, technical expertise, and exceptional communication skills, with the ability to deliver pricing, rate-setting, product design, and product development outcomes across the Individual Retirement portfolio. This includes individual retail fixed, index, RILA, and variable annuity products. This leader will manage and develop a high-performing team across four major product lines and partner closely with Distribution, Finance, Actuarial, Product Management, and other key stakeholders to enable Corebridge to achieve its sales and profitability objectives. The role reports directly to the President, Individual Retirement and Life Insurance. As a key member of the Individual Retirement Leadership Team, this position partners with peers to ensure the business meets or exceeds its strategic, financial, and operational goals, while contributing meaningful insight and influence on broader business strategy. In addition, this individual will serve as a member of Corebridge’s Senior Leadership Group, which comprises the organization’s top leaders, and will play an active role in advancing communication, culture, and the overall success of the enterprise. Why This Role Matters This role supports one of the top providers of annuities in the U.S., with Corebridge Financial ranking #3 in total annuity sales and serving over 1.2 million active annuity policies nationwide. Decisions made in this role directly influence products distributed through 29,000+ financial professionals and hundreds of distribution partners, impacting retirement outcomes for clients at national scale.

Requirements

• 15+ years (with at least 8 in a leadership position) in product development/strategy, pricing, risk management, product management or other relevant actuarial roles
• BA/BS required
• Fellow in the Society of Actuaries (FSA) designation strongly preferred
• Deep knowledge of retail annuity products, with expertise in index, fixed, RILA and/or variable annuities
• Broad understanding of all distribution channels in the financial services industry
• Solid understanding of insurance company financials, including annuity pricing, risk management, GAAP and statutory accounting, regulatory issues
• Demonstrated collaboration skills and the ability to lead a team, including the support of continued growth & development of internal talent
• Highly organized – able to analyze and maintain large quantity of materials and manage multiple projects and priorities at once
• Excellent communication skills, both verbal and written, and an ability to simplify complex concepts and to communicate to all levels of the organization
• Ability to create compelling rationale for ideas and create thorough and thoughtful business cases
• Demonstrated success in the design and delivery of new initiatives and ideas
• Strategic and creative thinking; open-minded to others’ ideas and suggestions
• Demonstrated high level of detail orientation
• Strong analytical, critical thinking and problem-solving skills – demonstrated ability to understand impacts of simple to complex concepts
• Culture carrier and both team leader and team player
• Ability to understand and respond to constituent needs and deadlines quickly and efficiently
• Ability to travel occasionally to other Corebridge office locations or for attendance of industry conferences / distributor meetings.

Responsibilities

• Overseeing the pricing process, ensuring appropriate assumption, modeling methodologies, and profitability reporting
• Provide real-time pricing analytics for all fixed, index, RILA, and variable annuity products currently being sold in the market
• Partner with Finance and Actuarial to understand profitability on in-force annuity blocks, including maintaining the bridge from pricing output to actual financial results in partnership with our Finance and Actuarial teams
• Ensure consistency where appropriate in all pricing assumptions and methodologies for all product lines, including consistency with financial reporting assumptions and methodologies where appropriate
• Co-chair of our Pricing Committee
• New business rate setting for all products
• Renewal rate setting for all products
• Rate setting methodology and its alignment with our strategy and decision making
• Establishing Corebridge’s Individual Retirement annuity product strategy
• Maintaining a competitive and profitable product portfolio
• Lead the innovation and product design efforts for all individual retail annuity products
• Oversee the design of complex new products and features that meet company’s profitability, risk and sales objectives
• Partner with Product Management to support the Implementation of product initiatives
• Monitor competitive, regulatory, distribution and economic environments for new product opportunities
• Maintain a deep understanding of customer, distributor, and shareholder needs via collaboration with Product Management, Pricing/Product Development, Sales and Distribution, Market Risk Management, Enterprise Risk Management, Legal, and Compliance
• Maintain a current knowledge of accounting, regulatory, distribution, and compliance requirements to ensure products remain in a profitable, compliant and competitive position

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