[Hiring] Pension Actuary @Corebridge Financial

Role Description

As our business continues to grow, the US pension underwriting team is looking to hire a professional with actuarial or defined benefit pension plan expertise. Depending on the candidate’s background, the successful candidate will perform one or multiple of the following duties:

• Underwrite, assess pension risks, perform actuarial calculations, and assemble commitment agreements in technical aspects.
• Act as internal project manager in all technical aspects of onboarding new business across internal functions.
• Act as pension specialist to support call center through managing defined benefit pension plan’s benefit calculations, modeling, and testing.
• Act as pension specialist in drafting and reviewing defined benefit pension provisions in contracts from the actuarial modeling and pension administration perspectives before documents are utilized by call center, are delivered to individuals or are filed with state regulators.
• Lead inforce governance and special projects assisting internal functions.

Responsibilities

• Explain technical actuarial and/or pension topics to Head of US PRT in New Jersey.
• Be viewed as the defined benefit pension plan expert within the company.
• Assess pension risks, calculate premiums, and customize contract terms affecting premiums or operations.
• Guide onboarding and lead cross-function collaboration.
• Design or implement governance, controls, processes, and procedures.
• Review actuarial calculations and actuarial methodology in a controlled environment.
• Execute actuarial model risk management framework including model development and testing.
• Apply technical expertise to support Operations and Valuation teams and ensure successful implementation of new business leading to accurate and reliable financial reporting.
• Think creatively and exercise sound judgment in leading projects.

Qualifications

• Defined benefit pension plan experience.
• Ability to interpret and implement complex pension plan benefit provisions as well as drafting of documents.
• At least one of Pricing, Valuation, Actuarial Modeling, Pension Administration or Contract experience.
• Pension benefit calculation modeling, testing, or production experience.
• Project management experience.
• Self-Starter who is comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem.
• Awareness of governance best practices and controls required.
• Competence in using Microsoft Office programs; familiarity with Copilot and VBA coding a plus.
• Ability to work and thrive in a dynamic team environment, possess excellent interpersonal, written and oral communication skills and having a comfort with explaining complex materials in a clear, focused, and concise manner.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• Pursue or obtained one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification.

Compensation

The anticipated salary range for this position is $85,000 to $95,000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Benefits

• Health and Wellness: A range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives.
• Retirement Savings: Competitive 401(k) Plan with a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay.
• Employee Assistance Program: Confidential counseling services and resources 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.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days.

Location

This position is primarily located in Jersey City, NJ and Wilmington, DE, Houston, TX, or other remote locations will also be considered.

Estimated Travel

Minimal travel.

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.

Equal Opportunity Employer

Corebridge Financial is committed to being an equal opportunity employer and complies with all applicable federal, state, and local fair employment laws.