Head of Pricing, Retirement Services

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profile Job Location:

Houston, MS - USA

profile Monthly Salary: Not Disclosed
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

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

The Head of Pricing Retirement Services will be responsible for the pricing of our Retirement Services products including new business and in-force management. Successful candidates will demonstrate strong leadership technical expertise and exceptional communication skills with the ability to proactively manage pricing and rate setting functions. Our products include variable fixed and index annuity products alongside defined contribution record keeping and related services.

Why This Role Matters

This leader will manage and develop a high-performing pricing team within Retirement Services and partner closely with Product Management Distribution Finance Actuarial and other key stakeholders to enable Corebridge to achieve its growth and profitability objectives. This position partners with peers to ensure the business meets or exceeds its strategic financial and operational goals. This role reports to the EVP of Product Pricing and Investments.

Key Responsibilities:

  • Overseeing the pricing process ensuring appropriate assumption modeling methodologies and profitability reporting
  • Developing initial pricing scenarios for new and renewal business that balances firm objectives while competing effectively in the market. You must be comfortable advocating for recommendations with key decision makers and working with client facing teams to directly engage customers as needed on complex recommendations
  • Provide real-time pricing analytics for all currently being sold in the market
  • Partner with Finance and Actuarial to understand profitability on in-force annuity blocks including maintaining the bridge from pricing output to actual financial results in partnership with our Finance and Actuarial teams
  • Continuously refine our pricing models to better understand costs to serve while collaborating with business partners
  • Optimize profitability through a proactive review of financial and behavioral risk exposures and evaluation of in-force experience including experience setting and assumption setting
  • Ensure consistency where appropriate in all pricing assumptions and methodologies for all product lines including consistency with financial reporting assumptions and methodologies where appropriate
  • Serve as a Member of our Pricing Committee and maintain key governance routines
  • Drive efficiency in pricing team processes

With crediting rate setting within this team responsibilities include:

  • Serve as member of Rate Setting Committee
  • New business rate setting for all products and renewal rate setting for all products
  • Rate setting methodology and its alignment with our strategy and decision making

Job Requirements:

  • 15 years (with at least 5 in a leadership position) in pricing or other relevant actuarial roles
  • BA/BS and Fellow in the Society of Actuaries (FSA) designation required
  • Solid understanding of insurance company financials including annuity pricing risk management GAAP and statutory accounting regulatory issues
  • Demonstrated collaboration skills and the ability to lead a team including the support of continued growth & development of internal talent
  • Excellent communication skills both verbal and written and an ability to simplify complex concepts and to communicate to all levels of the organization
  • Strategic and creative thinking; open-minded to others ideas and suggestions
  • Demonstrated high level of detail orientation
  • Strong analytical critical thinking and problem-solving skills demonstrated ability to understand impacts of simple to complex concepts
  • Culture carrier and both team leader and team player
  • Ability to understand and respond to constituent needs and deadlines quickly and efficiently

Compensation

The anticipated salary range for this position is $207000 to $330000 CA CO D.C HI IL MA MD MN NJ NY VT WA 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 addition the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

#LI-JG1

This role is deemed a covered associate under SEC Rule 206(4)-5 17 CFR 275.206(4)-5 Political contributions by certain investment advisers and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that under 17 CFR 275.206(4)-5 or other federal or state pay-to-play 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.

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:

AC - Actuarial

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company


Required Experience:

Director

Who We AreAt 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 tha...
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About Company

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At Corebridge Financial, formerly AIG Retirement Services, we believe everyone deserves financial security. We work hard to make it possible for people to take action in their financial lives—because action is the bridge from planning to outcomes, from today’s financial needs to tomor ... View more

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