ADP Actuarial Associate

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.

As an ADP Actuarial Associate, you will be part of our Actuarial Development Program where you begin as a student that will rotate into various positions throughout the actuarial departments in order to gain a wide range of knowledge and experiences that can be leveraged throughout the Actuary’s career. Although not every rotation path is the same for every student, common roles often include, but are not limited to, Valuation, Product Development, Asset-Liability Management, and Experience Analysis.

Your future team

 You will be a member the pricing team, providing actuarial support for the Institutional Markets line of business. The primary focus will be on the pricing of domestic and international pension risk transfer deals: buy-outs, buy-ins, reinsurance, and longevity products. Responsibilities will include interfacing with business unit management and other functional areas such as investments, underwriting, valuation, policy administration, legal, ERM, and the sales team to ensure an effective and timely bid. You will also support the development of new international markets and current product maintenance as needed, and also maintain department documentation of products and processes.

Responsibilities

• Assist pricing projects, including deriving assumptions, scenario analysis, producing high quality pricing memorandum and other documentation as applicable, within required timeframe. Success necessitates the opportunity for significant interaction with business management and other functional areas throughout the company to complete pricing projects.
• Support other actuarial product management/maintenance initiatives as required. This includes providing input to the post-bid process, monitoring the competitive and regulatory landscape, and identifying risks and opportunities in the product portfolio and collaborating on corresponding solutions.
• Maintain and continue to enhance the pricing model, the pricing process, and department documentation. This entails monitoring company and industry experience and the economic environment, recommending, documenting, and implementing pricing updates and modeling improvements.

We want to hear from you today if you can

• Further your actuarial development as part of a large and diverse organization that offers opportunities to learn and contribute to the overall business goals
• Leverage your technical and business skills to solve complex issues through various techniques, including the development and maintenance of actuarial models
• Understand the regulatory environment and other standards required for product development, financial reporting and other key actuarial functions
• Collaborate with senior actuarial talent in delivering the right solutions, focused on driving value for Corebridge Financial and its customers
• Be detailed oriented, including properly documenting your work in accordance with Corebridge Financial and actuarial standards
• Maintain appropriate exam progress in accordance with the Actuarial Professional Designation Development Program guidelines

What we are looking for

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or other quantitative field
• Completion of three or more SOA exams and three VEEs
• 2+ years of actuarial work experience
• Prior experience in deriving assumptions for pricing pension risk transfer deals, pension consulting or valuation, or pricing similar insurance products (e.g. fixed annuities or payout annuities) is a plus
• Highly detailed oriented with strong analytical problem-solving skills
• Excellent verbal and written communication skills
• Ability to work independently and within a team
• Strong knowledge of MS Office especially Access and Excel
• Programming skill in SAS, Visual Basic, SQL, or C++ is highly preferred
• Experience with modeling software is required

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 $88,000-$112,000 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.

For positions based in Jersey City, NJ the base salary range is $88,000-$112,000 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 [email protected]. 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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