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Corebridge Financial · 5 days ago

Pension (Risk Transfer) Actuary, Administrator, Paralegal

Wilmington, DE

Full-time

Hybrid

Mid, Senior Level

$130K/yr - $140K/yr

Corebridge Financial is a company dedicated to empowering financial professionals and institutions. They are seeking a Pension (Risk Transfer) Actuary to join their Institutional Markets - Pension team, responsible for underwriting pension risks, performing actuarial calculations, and managing defined benefit pension plan expertise.

Financial ServicesInsuranceLife Insurance

Responsibilities

Explain technical actuarial and/or pension topics to Head of US PRT in New Jersey

Be viewed as the defined benefit pension plan expert within the company

Assess pension risks, calculate premiums, and customized contract terms affecting premiums or operations

Guide onboarding and lead cross function collaboration

Design or implement governance, controls, process, and procedures

Review actuarial calculations and actuarial methodology in a controlled environment

Execute actuarial model risk management framework including model development and testing

Apply technical expertise to support Operations and Valuation teams and ensure successful implementation of new business leading to accurate and reliable financial reporting

Think creatively and exercise sound judgment in leading projects

Qualification

Defined benefit pension planActuarial modelingPension benefit calculationsProject managementMicrosoft OfficeGovernance awarenessBachelor's degreeActuarial certificationInterpersonal skillsWritten communicationOral communicationSelf-starter

Required

Defined benefit pension plan experience

Ability to interpret and implement complex pension plan benefit provisions as well as drafting of documents

At least one of Pricing, Valuation, Actuarial Modeling, Pension Administration or Contract experience

Pension benefit calculation modeling, testing, or production experience

Project management experience

Self-Starter who is comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem

Awareness of governance best practice and controls required

Competence in using Microsoft Office programs; familiarity with VBA coding a plus

Ability to work and thrive in a dynamic team environment, possess excellent interpersonal, written and oral communication skills and having a comfort with explaining complex materials in a clear, focused, and concise manner

Bachelors degree in Actuarial Science, Mathematics, Statistics, or related field

Pursue one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification

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.