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Corebridge Financial

Corebridge Financial

ADP Assistant Actuary

ADP Assistant Actuary

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Job Details
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Uploaded On
May 11, 2024
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Location
Houston, United States
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Remote?
No
Salary
$
103
k-$
136
k
Glassdoor Ratings
""
Recommend to a Friend
56%
""
Overall Score
3.0 / 5
Who we are

Corebridge Financial helps people make some of the most meaningful decisions they're ever going to make. We help them plan and take action to protect the future they envision and respond to some of life's most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement, and institutional products offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

As an ADP Assistant Actuary, you will be part of our Actuarial Development Program where you begin as a student that will rotate into various positions throughout the actuarial departments in order to gain a wide range of knowledge and experiences that can be leveraged throughout the Actuary's career. Although not every rotation path is the same for every student, common roles often include, but are not limited to, Valuation, Product Development, Asset-Liability Management, and Experience Analysis.

Your future team

You will be a member of the Life Axis Model Development team which is responsible for developing, maintaining, and optimizing best-in-class AXIS models to produce GAAP, statutory/Principles-Based Reserves, and ALM results for Corebridge Financial's traditional life insurance products.

You will support our strategic business initiatives on model conversion as well as update assumptions and implement new products and features for the assist in model conversion efforts and maintenance of models already in production models for our Traditional Life products. The successful candidate for this role will also have the ability to develop solutions to complete model development, unit test and peer review model work, as well as work with model stakeholders business to analyze and explain model approaches, limitations and results.

We want to hear from you today if you can
  • Further your actuarial career and work as part of team as you prepare to become an FSA in the Society of Actuaries
  • Be part of an organization that offers various actuarial opportunities, from very technical roles to roles focused on leading teams of talented associates in driving value to Corebridge Financial and our customers
  • Be part of an organization that is committed to your on-going development, including offering various educational opportunities
  • Follow the software development cycle to update existing models and build new models for various valuation purposes including:
    • LDTI
    • VM-20
    • Pre-PBR Stat
    • Cash Flow Testing
  • Collaborate with QA, model owners, Moody's, etc. to develop models according to business needs
  • Work with IT to automate model loading and report generation


What we are looking for
  • Bachelor's degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
  • 5+ years of progressively more responsible actuarial experience with Life & Retirement Insurance products; experience with traditional life products including term and whole life is strongly preferred
  • Associate of the Society of Actuaries with goal of attaining FSA designation
  • Highly detailed oriented with strong analytical problem-solving skills
  • Excellent verbal and written communication skills
  • Ability to work independently and within a team
  • Advanced knowledge of MS Office especially Access and Excel
  • Programming skill in SAS, Visual Basic, SQL, or C++ is required; exposure to databases is a plus
  • Experience with modeling software is required; AXIS is strongly preferred


What our employees like most about working for Corebridge Financial
  • We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
  • Our "Giving Back" policy is at the core of our daily operations and guides our future progress. Don't believe us? We put our money where our mouth is! We will give you up to 16 hours a year paid time off to volunteer in the community.
  • Our people are our most important asset therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
    • Paid Time Off (We recognize the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays per calendar year.
    • A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.


For positions based in Jersey City, NJ, the base salary range is $103,000-$136,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.

For positions based in Woodland Hills, CA the base salary range is $103,000-$136,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area:
AC - Actuarial

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company
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Working at 

Corebridge Financial

Corebridge Financial is a recognized global provider of actuarial services, risk management, and financial analytics. They focus on the effective use of data to inform business strategies, optimize operations, and manage risk, enabling sustainable growth. The company's diverse team of professionals is trained in advanced mathematical and statistical techniques. Their expertise allows Corebridge Financial to give clients a competitive advantage in an unpredictable economic landscape. The company fosters a culture of collaboration, valuing each team member's contributions and insights. At Corebridge Financial, numerical analysis is a primary tool for generating tangible outcomes across various industries. This analytical approach is integral to the organization's operations, transforming complex data into actionable business strategies. In a broader context, Corebridge views data not just as numerical figures, but as a resource that can unveil a spectrum of opportunities. Their work often plays a vital role in guiding businesses towards long-term success. The company's ethos highlights the critical intersection of actuarial science and forward-thinking business strategy, demonstrating the importance of data in shaping the future of commerce.