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Form of workCorebridge 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.
Our Chief Investment Officer (CIO) team is responsible for the overall asset allocation and Portfolio Management of General Account assets supporting our policyholder liabilities across various lines of business. In addition to managing the overall portfolio, the CIO team works with our Life & Retirement business teams to develop the investment strategy to support their new business growth objectives. The CIO team is also responsible for articulating the overall investment strategy and risk positioning to key stakeholders such as BoD, regulators, and rating agencies.
The CIO team is seeking an AVP to help support alignment of assets with liabilities, integration of the line of business asset tagging process with new operating model (including Aladdin interface), along with helping to execute on other portfolio initiatives and ad-hoc analysis across the core Life and Retirement business' product lines. This role requires investment and accounting knowledge with leadership and project management experience, while also comfortable stepping in to conduct analysis as required. Being able to manage multiple projects under time pressure is expected. The successful candidate will need to be able to present complex ideas/findings effectively to management and key stakeholders. In this role, you will:
- Lead projects and workflows related to Portfolio Management and line of business tagging, including the transition to a new operating model, ensuring the CIO team can continue supporting the core Life and Retirement business teams.
- Be required to manipulate large data sets and reconcile various heterogeneous sources of investment, portfolio, and liability information.
- Conduct actual to intended line of business new purchase allocation analysis and recommend corrective action plans for exceptions / discrepancies found.
- Partner and collaborate across asset management, finance, treasury, actuarial, and accounting teams on a continual basis to leverage and rationalize investment information.
- Identify and develop process improvement opportunities to automate and streamline the daily as well as month end line of business work streams.
- Respond to ad hoc issues / requests and participate in special projects as needed.
- Lead projects and workflows related to asset allocation, including the transition to Aladdin, ensuring the CIO team can continue supporting the core Life and Retirement business teams.
- Respond to ad hoc issues / requests and participate in special projects as needed.
- Team Leader of 2 direct reports, expected to grow over time.
What we are looking for
- Advanced Microsoft Excel skills with the ability to understand and write complex formulas and functions.
- Knowledge of PowerPoint, MicroStrategy and Power Pivot/BI tools a plus.
- Experience in programming such as Microsoft Access, VBA, Python and/or working with Information Technology is a plus.
- 5+ years of industry experience in financial institutions, understanding of insurance company assets and liabilities, asset allocation, and analytical background.
- MBA/CFA, or working toward is a plus.
- Ability to work independently and effectively in a fast-paced multi-company, multi-system, deadline-oriented environment.
- Strong written and verbal communication skills
- Ability to work on multiple projects simultaneously
What our employees like most about working for Corebridge Financial
- Participating in a noble cause and helping customers retire with dignity.
- 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 our most important asset 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 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% into your 401K regardless of if you enroll or not.
For positions based in New York City, the base salary range is $140,000 - $180,000 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.
Functional Area:
IN - Investment
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
American General Life Insurance Company
