Assistant Actuary - IR Pricing & Product Development

American General Life Insurance Company; Houston (TX); On-site; USD 110,000 - 115,000; Full time

Benefits offered by this job

Health and Wellness benefits

401(k) plan with company match

Employee Assistance Program

Matching charitable donations

Volunteer Time Off

Paid Time Off (24 days)

Job summary

American General Life Insurance Company seeks an experienced actuary focused on pricing and developing innovative annuity products. This role collaborates with various teams and performs model testing for new products.

Candidates must have a quantitative degree and at least 5 years of relevant experience. The position offers a competitive salary between $110,000 and $115,000, along with performance bonuses and comprehensive benefits.

Qualifications

• 5+ years of actuarial experience with Life & Retirement Insurance.
• Ability to work independently and collaboratively.
• Strong analytical problem-solving skills.

Responsibilities

• Price new annuity products with profitability and risk balance.
• Collaborate with business partners to optimize pricing.
• Perform model testing for new product implementation.

Skills

Detail-oriented

Analytical problem-solving

Verbal communication

Written communication

Programming in SAS

Programming in Visual Basic

Programming in SQL

Programming in C++

Education

Bachelor’s degree in quantitative field

Associate of the Society of Actuaries

Tools

MS Office (especially Access and Excel)

Modeling software

Job description

Who We Are

Corebridge Financial believes action is everything. We partner with financial professionals and institutions to help people take action in their financial lives, today and tomorrow. We live our values of collaboration, accountability, innovation and inclusion across the enterprise.

What You'll Work With

This role interacts with product development and modeling teams at the start of projects and later shifts to working with the assumption setting and rate‑setting implementation team.

Role Overview

This role focuses on pricing and development of innovative annuity products. You will research and design annuities across our Life & Retirement suite, beginning with baseline simplistic pricing to determine initial feasibility and progressing to sophisticated pricing model analysis.

Responsibilities

• Price new annuity products, balancing profitability, marketability, and risk.
• Collaborate with business partners such as product development and product management to optimize pricing with design.
• Perform model testing to ensure that new products are implemented correctly.
• Produce analysis that achieves buy‑in from finance and risk business partners on pricing outcomes.
• Support the development and testing of assumptions appropriate for new products.

Skills & Qualifications

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or another quantitative field.
• 5+ years of progressively more responsible actuarial experience with Life & Retirement Insurance products.
• Associate of the Society of Actuaries with the goal of attaining FSA designation.
• Highly detail‑oriented with strong analytical problem‑solving skills.
• Excellent verbal and written communication skills.
• Ability to work independently and within a team.
• Advanced knowledge of MS Office, especially Access and Excel.
• Programming skill in SAS, Visual Basic, SQL, or C++ is preferred.
• Experience with modeling software is preferred.

Compensation

The anticipated base salary range is $110,000 to $115,000 at commencement. The actual compensation offered will depend on geographic location, skills, experience and other qualifications. The position is eligible for a discretionary bonus in accordance with the incentive plan. Corebridge also offers a range of competitive benefits.

Work Location & Travel

This position is based in Houston, Texas and follows a hybrid working policy. For the right candidate, the role may also be located in Woodland Hills, CA or Jersey City, NJ. Estimated travel may include up to 25%.

Benefit Offerings

• Health and Wellness – medical, dental, vision, mental health support and wellness initiatives.
• Retirement Savings – competitive 401(k) plan with up to 6% company match and 3% additional contribution, vesting immediately.
• Employee Assistance Program – confidential counseling services and resources.
• Matching charitable donations – 1:1 up to $5,000.
• Volunteer Time Off – up to 16 hours annually.
• Paid Time Off – at least 24 PTO days for eligible employees.

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. All applicants will be considered based on job‑related qualifications without regard to race, color, religion, sex, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The company also complies with fair employment practices regarding citizenship and immigration status. Corebridge provides reasonable accommodations to job applicants and employees as required by law.