Actuarial Model Validation Associate

Actuarial Model Validation Associate

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.

The Individual Retirement modeling team (supporting IR pricing function) is looking for an Actuarial Model Validation Associate. In this role, the Actuarial Model Validation Associate is expected to design pricing model validation strategies, implement and execute testing plan, and write model validation documentation to conclude validation results and report model issues. This position will report to VP, Head of IR Modeling and Actuarial Support and will be based in Woodland Hills, CA, Houston, TX or Jersey City, NJ.

Responsibilities:

• Understand and participate in the development of validation plans to cover all aspects of the pricing model changes
• Obtain the expertise to set up, run and extract results from the pricing models and perform independent testing and validation
• Execute validation plan, research and reconcile discrepancy between expectation and implementation, and create model validation documents
• Build and maintain spreadsheet version of pricing models to illustrate model functionalities
• Collaborate internally and externally to obtain required information for model validation, communicate findings and resolve issues
• Provide support with routine model review and audit
• Enhance model validation process, by proposing/adhering to sound model validation best practice and providing clear documentation of model validation procedures.
• Other duties as assigned.

Skills and Qualifications:

• BA/BS Math/Statistics/Computer Science or related area
• Actuarial modeling experiences (with RAFM, Prophet, AXIS, or similar platforms) strongly preferred
• Proficient in Microsoft Excel and VBA
• Programming experience using languages such as Python and C++ are helpful but not required
• 2+ years of experience with Index, Fixed, RILA annuities
• Solid analytical and problem-solving skills
• Excellent communication skills
• Work well both independently and as part of a team

Compensation:

The anticipated salary range for this position is $80,000 to $100,000 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.

Work Location:

This position is based in Corebridge Financial's Woodland hills, CA, Houston, TX and 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.

Estimated Travel:

May include up to 25%.

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.

• 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 TalentandInclusion@.

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.