[Remote] Associate Actuary

Note: The job is a remote job and is open to candidates in USA. Corebridge Financial is a company that partners with financial professionals and institutions to empower individuals in their financial lives. The Associate Actuary role involves supporting quarterly statutory valuations of Variable Annuity & RILA products, conducting audits, and analyzing actuarial issues while collaborating with various functions within the organization.

Responsibilities

• Preparing, analyzing and presenting statutory results and preparing any documentations as required by regulation and company's internal governance and controls standards; preparing and supporting audits and state exams
• Explaining and presenting VA reserve and capital movement through quarterly attribution process. Supporting the Financial Planning and Forecast of VA business (Budget and Stress analysis)
• Implementing the Model Life Cycle Standard (MLCS) and other Model Risk Policies, conduct UAT for model changes and facilitate the successful Model Validation efforts
• Participating in the discussions and analysis and providing advice regarding technical actuarial issues such as modeling methodology, actuarial and non-actuarial assumptions, reserving principles and changes to valuation standards, laws and regulations applicable to annuities
• Monitoring and analyzing developments in actuarial techniques, laws and regulations applicable to annuities and recommending appropriate reaction to these developments
• Finding creative solutions to standardize and automate processes as leader/participant on cross functional/cross product teams
• Collaborating and maintaining productive working relationship with other Actuarial, Finance, IT and ERM functions

Skills

• Fellow of the Society of Actuaries (FSA) or ASA
• Effective oral and written communication skills, demonstrating the ability to convey complex mathematical and analytical concepts to various audiences
• 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
• Knowledge of annuity products and actuarial modeling software preferred
• Knowledge of Axis Platform a plus
• Knowledge of Variable Annuity reserve and capital concepts preferred
• Knowledge/experience with valuation of derivatives and general Financial economics is a plus

Benefits

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Company Overview

• Corebridge Financial is a providers of retirement solutions and insurance products. It is a sub-organization of AIG. It was founded in 1957, and is headquartered in Houston, Texas, USA, with a workforce of 5001-10000 employees. Its website is https://www.corebridgefinancial.com.

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