Associate Director And Actuary

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.
Position Summary
The Associate Director is a key member of the actuarial valuation team within the Actuarial Consolidation Team. The Valuation Actuaries are responsible for calculating reserves for the millions of policies across the many product lines at AIG. Reserves are the biggest liability on the balance sheet at AIG L&R, so naturally there are many requests from key stakeholders to better understand the reserves. The Consolidation Team consolidates, reviews and supports the Valuation Actuaries. This is a key role on the Actuarial Consolidation Team with responsibility and involvement across the entire range of Life and Retirement business units. Specific activities include leading, coordinating, messaging and providing deliverables from and requests to the valuation actuaries, such as Annual Statement Exhibits, 10Q and 10K support, various requests from the state insurance departments, Risk Based Capital results, and rating agency requests. This position will report to the Deputy Valuation Actuary and support the Appointed Actuary in making sure all requests are received and addressed as well as preparing special or other non-routine presentations and related commentary along with the related key performance metrics ("KPIs") to support analysis.
Key Performance Objectives

• Lead the preparation of the New York Market Conduct Exam material
• Consolidate and review the deliverables for the C3 components of Risk Based Capital requirements
• Preparation of the Exhibit of Life and Exhibit of Policies each year.
• Lead the effort to provide information required by the state insurance departments of each state
• Help ensure compliance with AIG policies, GAAP, Statutory and Federal Reserve reporting requirements.
• Participate in special projects as determined by the business and AIG Life and Retirement valuation. Special projects include controls support and documentation, simplification and efficiency initiatives, financial transformation efforts, communication initiatives, and other projects impacting the Life and Retirement business.

Supporting Performance Objectives:

• Develop and manage effective internal and external relationships.
• Identifying opportunities to improve resource allocations and collaborate with other work groups across AIG to build a world class financial organization.
• Stay informed of trends in the financial actuarial marketplace.

Position Requirements

• An undergraduate degree is required.
• Fellowship in the Society of Actuaries
• 10+ years of progressively more responsible actuarial experience with Life and A&H products.
• Strong valuation and reporting background required. (GAAP, Statutory, and Tax)
• General actuarial competency related to pricing, ALM and ERM
• Life and A&H product and risk knowledge and related experience.
• Demonstrated success working in cross-functional collaborative teams and in working with senior management.
• Highly motivated and results-oriented.
• Strong analytical problem solving ability.
• Ability to work independently
• Desire to deliver a complete work product
• Strong oral and written communication skills.
• Strong interpersonal, negotiating, and communication skills.
• Highly organized with a drive for transparency and efficiency.
• Ability to communicate effectively with regulators and other external parties.
• Aptitude to handle multiple projects simultaneously & successfully.
• Must be a creative thinker.
• Excellent team player.

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.

Benefits

• 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: Yes
American General Life Insurance Company