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Corebridge Financial · 6 days ago

Associate Actuary

Houston, TX

Full-time

Hybrid

Mid Level

Corebridge Financial is dedicated to empowering financial professionals and institutions to enhance the financial lives of individuals. The Associate Actuary will support quarterly statutory valuations of Variable Annuity and RILA products, conduct asset adequacy tests, and collaborate with various teams to ensure compliance with actuarial standards.

Financial ServicesInsuranceLife Insurance

Responsibilities

Preparing, analyzing and presenting statutory results and preparing any documentations as required by regulation and company's internal governance and controls standards; preparing and supporting audits and state exams

Explaining and presenting VA reserve and capital movement through quarterly attribution process. Supporting the Financial Planning and Forecast of VA business (Budget and Stress analysis)

Implementing the Model Life Cycle Standard (MLCS) and other Model Risk Policies, conduct UAT for model changes and facilitate the successful Model Validation efforts

Participating in the discussions and analysis and providing advice regarding technical actuarial issues such as modeling methodology, actuarial and non-actuarial assumptions, reserving principles and changes to valuation standards, laws and regulations applicable to annuities

Monitoring and analyzing developments in actuarial techniques, laws and regulations applicable to annuities and recommending appropriate reaction to these developments

Finding creative solutions to standardize and automate processes as leader/participant on cross functional/cross product teams

Collaborating and maintaining productive working relationship with other Actuarial, Finance, IT and ERM functions

Qualification

Fellow of the Society of ActuariesAnnuity products knowledgeActuarial modeling softwareVariable Annuity conceptsValuation of derivativesPressure managementEffective communicationInitiativeCreative problem-solvingAdaptability

Required

Fellow of the Society of Actuaries (FSA) or ASA

Effective oral and written communication skills, demonstrating the ability to convey complex mathematical and analytical concepts to various audiences

Takes initiative and works independently

Works under pressure and within time constraints to effectively accomplish individual and team objectives

Finds creative solutions to standardize and automate processes

Embraces change and quickly adapts to new methods and accountabilities

Preferred

Knowledge of annuity products and actuarial modeling software

Knowledge of Axis Platform

Knowledge of Variable Annuity reserve and capital concepts

Knowledge/experience with valuation of derivatives and general Financial economics

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.