CICB Associate Actuary

Who We Are

Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision, and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

Summary Of The Role

The CICB (Corebridge Insurance Company of Bermuda) Associate Actuary will be a member of the Corebridge Actuarial Modernization team. The models developed by Actuarial Modernization team on AXIS platform will be used to produce statutory, GAAP, reinsurance and economic projections which will directly support valuation, capital management, asset liability management, and regulatory projections. This role will primarily support the CICB model QA activities related to Bermuda based valuation and reinsurance settlement. This role will be based in Bermuda and will have frequent and regular interaction with BMA regulators, both onshore and offshore valuation model owners, business line CFA team, actuarial control team, model production team and IT team.

Responsibilities

• Lead Bermuda EBS model QA activities for all insurance products reinsured to CICB. Which include:

  • Create and maintain benchmark testing tools, including developing spreadsheets/programs based on model specifications to replicate model functionality and assembling benchmark data for model comparisons.

  • Execute test plans and test tools to validate and certify AXIS model implementation under Bermuda EBS basis.

  • Review and validate data transformation process for all model inputs that come into AXIS model.

  • Ensure all steps of the testing process are fully documented.

• Support BAU model change impact analysis such as assumption updates, methodology improvements, regulatory required changes, etc.

• Support ad hoc analysis requested by model owners.

• Provide analysis needed to support model owners’ UAT activities.

• Work with ACMG to ensure model change control process is followed. Help ACMG and model owners to address internal and external questions.

• Work with IT to ensure all approved model/data changes are promoted to production environment.

• Work with production team to conduct integration testing after promotion is done.

Position Requirements:

• Bachelor’s degree in actuarial science, math, or related fields.

• ASA with a minimum of 5 years of experience post ASA. FSA is strongly preferred.

• Experience with Moody’s AXIS preferred.

• Experience with reinsurance and Bermuda regulation preferred. 

• Experience with annuities and pension risk transfer deals.

• Solid programming and data analytics experience. SQL, VBA, C++ or equivalent are preferred but not required.

• Good verbal and written communication skills.

• Able to cope with stress and fast-pace changes.

#LI-SB1 #LI-SAFG #LI-Hybrid

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for 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 people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. 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 [email protected]. Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: Yes

American General Life Insurance Company