Pension Risk Transfer Actuary — Underwriting Lead

Corebridge Financial, Inc.; Barrington (RI); Hybrid; USD 85,000 - 95,000; Full time

Benefits offered by this job

Health and Wellness benefits

401(k) plan with company match up to 6

Company matches charitable donations

Volunteer Time Off

Paid Time Off

Job summary

Corebridge Financial in the United States is seeking a professional with actuarial or defined benefit pension plan expertise to underwrite, assess pension risks, perform actuarial calculations, and draft commitment agreements in technical aspects.

The role may also act as internal project manager across onboarding new business, support call center through pension benefit calculations and modeling, and lead governance initiatives with cross-functional teams.

Qualifications

• Defined benefit pension plan experience.
• Ability to interpret and implement complex pension plan benefit provisions as well as drafting of documents.
• At least one of Pricing, Valuation, Actuarial Modeling, Pension Administration or Contract experience.
• Pension benefit calculation modeling, testing, or production experience.
• Project management experienceSelf-Starter who is comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem.
• Awareness of governance best practice and controls required.
• Competence in using Microsoft Office programs; familiarity with Copilot and VBA coding a plus.
• Ability to work and thrive in a dynamic team environment, possess excellent interpersonal, written and oral communication skills and having a comfort with explaining complex materials in a clear, focused, and concise manner.
• Bachelors degree in Actuarial Science, Mathematics, Statistics, or related field
• Pursue or obtained one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification

Responsibilities

• Explain technical actuarial and/or pension topics to Head of US PRT in New Jersey
• Be viewed as the defined benefit pension plan expert within the company
• Assess pension risks, calculate premiums, and customized contract terms affecting premiums or operations
• Guide onboarding and lead cross function collaboration
• Design or implement governance, controls, process, and procedures
• Review actuarial calculations and actuarial methodology in a controlled environment
• Execute actuarial model risk management framework including model development and testing
• Apply technical expertise to support Operations and Valuation teams and ensure successful implementation of new business leading to accurate and reliable financial reporting
• Think creatively and exercise sound judgment in leading projects

Skills

Defined benefit pension plan

Pension knowledge

Pricing/Valuation/Modeling/Contract

Pension calculation modeling

Project management

Governance & controls

MS Office / VBA

Communication skills

Bachelor's degree in Actuarial Science

SOA/Enrolled Actuaries/ASP certifica.

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Tools

Copilot

VBA coding

Job description

Corebridge Financial in the United States is seeking a professional with actuarial or defined benefit pension plan expertise to underwrite, assess pension risks, perform actuarial calculations, and draft commitment agreements in technical aspects.

The role may also act as internal project manager across onboarding new business, support call center through pension benefit calculations and modeling, and lead governance initiatives with cross-functional teams.