Who we are

Corebridge Financial makes a tremendous difference in people’s lives. We help people plan to protect the future they envision and make decisions during the most difficult moments through the solutions and services we provide. Life & Retirement brings together a broad portfolio of retirement, life, and institutional products offered through an extensive distribution network. With our customer-focused service, breadth of product expertise, deep distribution relationships, and world-class team of talented employees who are passionate about what they do, we provide solutions for a brighter future.

About the role

Corebridge Financial (formerly AIG Life & Retirement) Individual Retirement is seeking an Associate Actuary within the R&D Pricing team. This position will report to the Head of R&D Pricing. The position will be based in Houston, TX, or Woodland Hills, CA, though qualified remote candidates may be considered on a case-by-case basis. Candidates meeting some but not all of the requirements may be hired at a level commensurate with their skills.

This individual contributor role is focused on the pricing of innovative annuity products, with the greatest focus on indexed annuities, to support the continued growth of Corebridge’s annuity lines of business. 

The main responsibilities include:

• Price fixed, fixed indexed, and variable annuity products during development, balancing profitability, marketability, and risk

• Support R&D pricing through specification development, collaboration with model developers, and testing

• Support the development of assumptions for newly developed products

• Develop an understanding of regulations impacting annuity products and pricing

• Represent pricing R&D with internal business partners as appropriate

• Train rotating actuarial students on team processes and tools

• Leverage pricing and product knowledge to support other areas as needed. 

Candidate Profile Required

• ASA or FSA designation in the Society of Actuaries

• A proven track record of performance in prior roles within the insurance industry

• Proven abilities in problem-solving and critical thinking, including the ability to examine the appropriateness of actuarial results

• Excellent oral and written communication skills

• Experience with actuarial models

• Ability to handle multiple projects and meet deadlines

• Strong customer service orientation for internal stakeholders

• Demonstrated technology skills, including knowledge of Microsoft Excel and, ideally, computer programming (VBA, C++).

Preferred

Candidates meeting some or all of the following criteria may be preferred over those who do not.

• Working knowledge of the annuity industry and relevant product lines

• Pricing experience

• Prior experience in annuity pricing or product development

• Prior experience with index annuity products

• Prior experience with hedging and/or reinsurance

• High proficiency in at least one actuarial pricing projection software, ideally Risk Agility FM.

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 in 2023. 
• 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% in to your 401K regardless of if you enroll or not.

For positions based in Woodland Hills, CA, the base salary range is $100,000-$140,000 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.

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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.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company