Associate Director Actuary, Asset Liability Management

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.

About The Role

This position will report into CRBGs ALM unit within the Actuarial organization. The ALM team serves as a liaison between key stakeholders including Actuarial Finance ERM and Investments for market risk management and asset modeling support. This individual will be responsible for understanding the end-to-end asset/liability modeling processes supporting the development and review of asset assumptions and asset/derivative modeling enhancements analyzing and communicating the financial impacts from those model changes and supporting year-end statutory filings primarily for Corebridge Insurance Company of Bermuda (CICB). This role will have frequent and regular interaction with the subject matter experts across Actuarial Finance ERM Reinsurance and Investments areas.

The ideal candidate needs to have significant actuarial and finance experiences across a wide range of life insurance products and have a deep knowledge of the applications of actuarial projections for asset liability management. The successful candidate must possess excellent business acumen strong technical and analytical skills and an ability for multi-tasking in order to manage ALM deliverables for multiple stakeholders across the organization. The candidate must possess strong communication qualities to be able to effectively lead cross-functional ALM discussions work with multiple stakeholders to assist in the development of asset-related assumptions steer the development and implementation efforts with respect to the asset modeling process and deliver clear messaging to management regarding the financial results.

Responsibilities

• Work with Investments partners closely to develop/review asset assumptions (i.e. defaults investment expense reinvestment assumptions etc.) on an annual basis understand the fundamentals of real world and risk neutral economic scenario generators and be able to analyze/communicate the impacts on the cash flow projections under various scenarios.

• Coordinate efforts with the asset modeling team to plan develop and implement asset and derivative modeling changes. Analyze the model projections to ensure implementation is consistent with the US and Bermuda requirements. Impacts for CFT and PBR will be communicated to senior stakeholders to fulfill the model governance process.

• Acclimate with the Bermuda Economic Balance Sheet framework understand the asset modeling and filing requirements prepare asset related filings and specific asset related stresses under BMA requirements.

• Manage the ongoing development of asset model methodology documentation and detailed end to end process map for asset data feeds.

• Work closely with the Investments and actuarial teams to develop proposals for strategic asset allocation and duration targets and help evaluate alternative approaches to the asset optimization.

• Work with model owners to monitor the ALM positions at the product level based on CRBG standards.

Qualifications

• 7 years of actuarial experience in the life insurance industry with a focus on asset liability management cash flow testing and economic risk neutral valuations.

• An undergraduate degree in Actuarial Sciences Finance Statistics or a related field is required. Industry credentials such as Fellow of the Society of Actuaries (FSA) Chartered Financial Analyst (CFA) Financial Risk Manager (FRM) or other related credentials are strongly desired.

• Significant expertise working with GGY-AXIS Prophet TAS or MoSes modeling software a plus.

• Python programming experience is a plus.

• Progressive experience in a large actuarial or finance organization.

• Strong knowledge of actuarial projection techniques across all valuation bases: statutory GAAP economic and tax.

• Extensive experiences on asset modelling covering structured securities with prepayment models and collateralization.

• Goal oriented and well-organized with the ability to develop and manage disciplined processes.

• Excellent written and oral communication skills.

• Deep understanding of a wide range of life insurance products.

• Utilizes conceptual and analytical skills to develop solutions to complex problems.

• Ability to build effective teams: blending teams when required fosters strong team morale and ensures open dialogue.

• Customer focus: dedicated to meeting the expectations and requirements of internal and external customers and establishes/maintains effective relationships.

• Self-knowledge: knows personal strengths and weaknesses opportunities and limits seeks feedback and is receptive to criticism.

• Effectively deals with ambiguity.

Compensation

Compensation

The anticipated salary range for this position is $125000 - $185000 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 candidates 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.

Work Location

This position is based in Corebridge Financials in Houston Texas or Jersey City NJ office and is subject to our hybrid working policy which gives colleagues the benefits of working both in an office and remotely.

#LI-SB1#LI-SAFG #LI-Hybrid

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 $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 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 . 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:

Functional Area: