Preference is for the role to be based in Houston, TX., but we are open to having the role be remote.

Who we are

At Corebridge Financial, Action is Everything. We are a new company, but not a new business. Formerly AIG Life & Retirement, we are one of the largest and most established providers of retirement solutions and insurance products in the United States, with a long and proven track record of serving our clients. Everyday, we proudly partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

Summary of the role:

• Leads the oversight and governance of the Fixed Indexed Annuity (FIA) Cash Flow Testing model development. Provides guidance and monitors the FIA model development and production process to ensure AIG’s quality assurance and Financial Actuarial Judgment (FAJ) guidelines are followed in a timely and complete manner. Ensures contractual features, economic and policyholder behavioral assumptions as well as modeling methodologies are thoroughly defined, documented, tested and implemented into the CFT models, meeting all FAJ requirements.

• Leads the preparation and analysis of the FIA CFT results; Provide reports and analysis of the sensitivity and attribution of (the components of) result movements due to changes of markets and policyholder behavior assumption and work with others on the Valuation, Investment and Hedging teams to understand the impacts of reserve movement and management actions. Ensures all actuarial controls and standards are followed; actuarial memorandums (AOM) are complete and accurate related to the FIA models.  Provide supports to various stakeholders on actual vs expected analysis, engage in the development of the predictor models and supports all management initiatives related to FIA, e.g. reinsurance and hedging.

• Participates in discussions/analysis and provides guidance/advice regarding technical actuarial issues such as modeling methodology, reserving principles and changes to valuation standards, laws and regulations applicable to fixed indexed annuities. The particular focus will be on NAIC’s Economic Scenario Generator and VM-22 initiatives.

• Identifies, builds or executes data and/or analytical solutions to standardize and automate processes as leader/participant on a cross functional team for the overall CFT reporting efforts

• Serves as a key resource for completion of other CFT related projects

Experience requirements:

• Prior experience with Financial Reporting, Annuity Products, ALM/Hedging, Regulatory guidelines and valuation principles, Economic Scenario Generation Process, Financial Projections etc.

• Prior management experience (people or project) will be a plus, not required.

• Actuarial Modeling experiences, in particular experience with Axis is a plus.

• Fellow of Society of Actuaries

• Skills and Attributes:

• Excellent computer skills, especially good understanding of database,  presentation and graphing software

• Knowledge of fixed index annuity products and actuarial modeling software preferred

• Knowledge of Statutory valuation standards required

• Knowledge/experience with valuation of derivatives and general Financial Economics is a plus

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

• Demonstrates high quality leadership, judgment, organization and prioritization skills

• 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

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! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.

• Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay. Benefit package includes:

• Paid Time Off (Corebridge Financial recognizes 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% in to your 401K regardless of if you enroll or not.

#LI-SB1 #LI-SAFG #LI-Hybrid #LI-Remote

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

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