Director of RD Pricing
Director of RD Pricing
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Job Description
Who We Are
At Corebridge Financial we believe action is everything. Thats 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
Corebridge Financial is an outstanding franchise that brings together a broad portfolio of life insurance retirement and institutional products offered through an extensive multichannel distribution network. We hold longstanding leading market positions in many of the markets we serve. With our strong capital position customer orientation breadth of product expertise and deep distribution relationships across various channels we are well positioned to serve growing market needs.
We have a legacy of working to make the world a better place and that begins with our most important asset our employees. Were proud to offer a range of employee benefits and resources that help you protect what matters most your health care savings financial protection and wellbeing.
About the role
Director of R&D Pricing which will oversee the development of innovative annuity products. This role will support the continued growth of Individual Retirements product suite including Fixed Indexed Variable and RILA products. This role will require significant collaboration and feedback loops with business partners both inside and outside of the broader actuarial department as products go through the development and management life cycles.
The main responsibilities include:
Collaborate with business partners in Product Development Product
Management Hedging Risk Finance and Assumption Setting to optimize
pricing design.
Price annuity products while balancing profitability marketability and risk.
Work to achieve buyin from finance and risk business partners on pricing
outcomes.
Support the development of assumptions appropriate for the marketplace.
Monitor industry trends especially regulatory changes impacting annuity products and pricing.
Establish procedures for monitoring experience for newly developed products in order to adjust assumptions and pricing as necessary.
Perform various duties delegated by Model Owners to support R&D pricing (i.e. specification development collaboration with model developers testing etc.
Leverage pricing and product expertise to support other areas as needed.
Mentor and develop staff and serve as a leader within the broader department/ company.
Required
FSA designation in the Society of Actuaries
Leadership and managerial experience
7 Experience with pricing hedging or risk managing embedded options within annuities
Experience with actuarial models
Working knowledge of the annuity industry and all relevant product lines
A proven track record of performance in prior roles within the insurance industry.
Prior experience in Indexed / RILA pricing or product development
Prior experience with hedging and/or reinsurance
High proficiency in at least one actuarial pricing projection software ideally Risk Agility FM and in advanced programming such as Python etc.
What our employees like most about working
- 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. We offer 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; Medical Dental and Vision 401(k) and company match paid time off (PTO) plus company paid holidays. Were proud to offer a range of competitive benefits a summary of which can be viewed here: Benefits Overview
- For positions based in CA and NJ the base salary range is $140000$170000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
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This role is deemed a covered associate under SEC RuleCFR 275.20645 Political contributions by certain investment advisers and other federal and state paytoplay rules. Candidates for the role must not have made any political contributions that under 17 CFR 275.20645 or other federal or state paytoplay regulations would disqualify the candidate or Corebridge Financial from conducting Corebridge Financials business or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.
Applications will be accepted for this position until a satisfactory candidate pool has been identified.
Why Corebridge
At Corebridge Financial we prioritize the health wellbeing and worklife 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 wellbeing
Retirement Savings: We offer retirement benefits options which vary by location. In the U.S. our competitive 401(k) Plan offers a generous dollarfordollar 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 taxexempt organizations 1:1 up to $5000
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 employersponsored 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 jobrelated 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 Reasonable accommodations will be determined on a casebycase 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
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 . Reasonable accommodations will be determined on a casebycase basis.
We consider qualified applicants with criminal histories consistent with applicable law.Applications will be accepted for this position until a satisfactory candidate pool has been identified
Functional Area:
AC ActuarialEstimated Travel Percentage : No TravelRelocation Provided: YesAmerican General Life Insurance CompanyRequired Experience:
Director
Employment Type
Full-Time
