Pension (Risk Transfer), Actuary, Administrator, Paralegal
About the role
Depending on the candidate’s background, the successful candidate will perform one or multiple of the following duties:
- Underwrite, assess pension risks, perform actuarial calculations, and assemble commitment agreements in technical aspects.
- Act as internal project manager in all technical aspects of onboarding new business across internal functions.
- Act as pension specialist to support call center through managing defined benefit pension plan’s benefit calculations, modeling, and testing.
- Act as pension specialist in drafting and reviewing defined benefit pension provisions in contracts from the actuarial modeling and pension administration perspectives before documents are utilized by call center, are delivered to individuals or are filed with state regulators.
- Lead inforce governance and special projects assisting internal functions.
Responsibilities
Explain technical actuarial and/or pension topics to Head of US PRT
Be viewed as the defined benefit pension plan expert within the company
Assess pension risks, calculate premiums, and customize 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
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 experience
- Self-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 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
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field
- Pursue one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification
Skills
- 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 experience
- Self-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 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
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field
- Pursue one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification
Benefits
- 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.
- Retail 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).
- 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.
Pay
The anticipated base salary range for this position is $140, 000 to $150, 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. In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.
Schedule
This position can be based in Corebridge Financial’s Houston-TX, Wilton-CT, Jersey City-NJ, or Wilmington-DE office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. Remote candidates may be considered.
Estimated Travel
Minimal travel.