Associate Actuary - Institutional Markets Model Developer

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.
Will consider remote candidates for this role.
As an Associate Actuary, you will be a member of the Actuarial Modernization team, which primarily supports Institutional Market (IM) products such as Pension Risk Transfer(PRT), Structured Settlement, and Guaranteed Investment Contracts. The models developed by Actuarial Modernization team on AXIS platform will be used to produce statutory, GAAP and economic projections which will directly support valuation, capital management, asset liability management, and regulatory projections such as cash flow testing. You will have frequent and regular interactions with the valuation model owners, business line CFA team, actuarial control team, model production team and IT team.
Detailed responsibilities include but not limited to:

• Support the business needs to onboard new PRT cases into AXIS platform
  • Analyze model requirements
  • Create database store procedure to transform policy data into AXIS required format
  • Implement AXIS model for actuarial assumptions and valuation method
• Support BAU modeling activities such as assumption updates, methodology improvements, regulatory required changes, etc.
• Perform unit testing on development work and peer-review as assigned. Document all implantation steps
• Provide model owners with any required ad hoc analysis
• Support QA function by testing and remediating model discrepancies
• Work with IT to resolve data issues or process issues
• Automate model run process and improve model run efficiency
• Support model transition to production team by providing effective documentation and communication

Position Requirements:

• Bachelor's or Master's degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
• 8+ years of actuarial work experience, predominantly in actuarial modeling
• Associate or Fellow of the Society of Actuaries
• Experience with GGY AXIS preferred
• Experience with PRT products preferred
• Solid programming and data analytics experience
• SQL, VBA, C++ or equivalent are preferred but not required.
• Good verbal and written communication skills
• Able to cope with stress and fast-pace changes

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 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.
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 (%): No Travel
Relocation Provided: Yes
American General Life Insurance Company