Associate Director & Actuary

Who We Are
At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

About The Role

The Assoc Dir & Actuary, Business Planning and Legal Entity Forecasting will be responsible for producing forecasts for Bermuda based reinsurance entity (Corebridge Insurance Company of Bermuda – CICB) under US GAAP, local STAT and Bermuda Economic basis. This position would also analyze and present financial projections to senior leadership and assist in making key capital planning decisions.  In addition, this position would be responsible for producing financials sensitivities to macro-economic changes and other strategic activities for CICB and other Corebridge Fleet entities. This position will work closely with segment Corporate FP&A, Bermuda finance, Segment CFOs, Actuarial, Investment Management and Capital Management teams to develop a comprehensive analytical package for financial results.  This role will also play a key role in re-engineering and improving our forecasting capabilities.  

Responsibilities

• Manage planning and forecasting processes for Bermuda captive which involves modeling the economic balance sheet, solvency requirements and local statutory financial statements.
• Produce standardized analytical package for Corebridge leadership communicating CICB financial performance under US GAAP, Economic and local Statutory lenses.
• Forecast reinsurance capital synergies between US and Bermuda insurance companies
• Provide recurring statutory financial forecasts to meet rating agency, regulatory and capital planning needs.
• Model CICB and other fleet entities financial impacts for sensitivities to macro-economic factors (interest rate, equity and spread) & proposed strategic transactions and communicate the results to senior leadership and assist in decision making process.
• Build financial forecasting models in Planful forecasting tool, as needed

Skills and Qualifications

• FSA / near-FSA or CFA designation with 5+ years’ experience in insurance industry or 10+ years’ experience in financial planning/forecasting in insurance industry
• Demonstrated strong analytical and problem solving ability
• Coding and building database applications / interfaces (SQL, Power BI, Python, etc.)
• Bachelor’s degree or higher in Actuarial science, Mathematics, Finance or a related field.
• Direct experience or exposure of U.S. GAAP, US Stat, and Bermuda Reporting (BSCR, Economic Reserving, Scenario Based Approach Reserving)
• Experience working in a large and dynamic organization. Big 4 or industry experience a plus.
• Comfortable performing effectively in fast-paced environment that requires problem solving
• Strong collaboration and communication skills

Compensation

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

If the position is based in one of Corebridge Financials' hub offices which are Houston, TX, Jersey City, NJ. or Woodland Hills, CA office the role is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. However, we are open to considering full remote candidates outside of these areas.

#LI-SB1  #LI-SAFG #LI-Remote

Why Corebridge?
At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:

• 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.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer
Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building 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 colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  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, in accordance with applicable federal, state, and local law.
We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

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