SVP Product Pricing

Corebridge Financial • Jersey City, NJ

13d • $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. About the role The SVP, Product Development will be responsible for the pricing of our Retirement Services products, including new business and in-force management. Successful candidates will demonstrate strong leadership, technical expertise, and exceptional communication skills, with the ability to proactively manage pricing and rate setting functions. Our products include variable, fixed and index annuity products alongside defined contribution record keeping and related services. Why This Role Matters This leader will manage and develop a high-performing pricing team within Retirement Services and partner closely with Product Management, Distribution, Finance, Actuarial, and other key stakeholders to enable Corebridge to achieve its growth and profitability objectives. This position partners with peers to ensure the business meets or exceeds its strategic, financial, and operational goals. This role reports to the EVP of Product, Pricing and Investments.

Requirements

• 15+ years (with at least 5 in a leadership position) in pricing or other relevant actuarial roles
• BA/BS and Fellow in the Society of Actuaries (FSA) designation required
• 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
• Excellent communication skills, both verbal and written, and an ability to simplify complex concepts and to communicate to all levels of the organization
• 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

Responsibilities

• Overseeing the pricing process, ensuring appropriate assumption, modeling methodologies, and profitability reporting
• Developing initial pricing scenarios for new and renewal business that balances firm objectives while competing effectively in the market. You must be comfortable advocating for recommendations with key decision makers and working with client facing teams to directly engage customers as needed on complex recommendations
• Provide real-time pricing analytics for all 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
• Continuously refine our pricing models to better understand costs to serve, while collaborating with business partners
• Optimize profitability through a proactive review of financial and behavioral risk exposures and evaluation of in-force experience, including experience setting and assumption setting
• Ensure consistency where appropriate in all pricing assumptions and methodologies for all product lines, including consistency with financial reporting assumptions and methodologies where appropriate
• Serve as a Member of our Pricing Committee and maintain key governance routines
• Drive efficiency in pricing team processes
• Serve as member of Rate Setting Committee
• New business rate setting for all products and renewal rate setting for all products
• Rate setting methodology and its alignment with our strategy and decision making

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