What are the responsibilities and job description for the Director of R&D Pricing position at Corebridge Financial?
Who We Are
Corebridge Financial is an outstanding franchise that brings together a broad portfolio of life insurance, retirement and institutional products offered through an extensive, multichannel distribution network. We hold long-standing, leading market positions in many of the markets we serve. With our strong capital position, customer orientation, breadth of product expertise and deep distribution relationships across various channels, we are well positioned to serve growing market needs.
We have a legacy of working to make the world a better place, and that begins with our most important asset, our employees. We’re proud to offer a range of employee benefits and resources that help you protect what matters most – your health care, savings, financial protection, and wellbeing.
About The Role
Director of R&D Pricing, which will oversee the development of innovative annuity products. This role will support the continued growth of Individual Retirement’s product suite, including Fixed, Indexed, Variable, and RILA products. This role will require significant collaboration and feedback loops with business partners both inside and outside of the broader actuarial department as products go through the development and management life cycles.
The Main Responsibilities Include
pricing design.
Required
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 TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
We consider qualified applicants with criminal histories, consistent with applicable law.
Functional Area
AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: Yes
American General Life Insurance Company
Corebridge Financial is an outstanding franchise that brings together a broad portfolio of life insurance, retirement and institutional products offered through an extensive, multichannel distribution network. We hold long-standing, leading market positions in many of the markets we serve. With our strong capital position, customer orientation, breadth of product expertise and deep distribution relationships across various channels, we are well positioned to serve growing market needs.
We have a legacy of working to make the world a better place, and that begins with our most important asset, our employees. We’re proud to offer a range of employee benefits and resources that help you protect what matters most – your health care, savings, financial protection, and wellbeing.
About The Role
Director of R&D Pricing, which will oversee the development of innovative annuity products. This role will support the continued growth of Individual Retirement’s product suite, including Fixed, Indexed, Variable, and RILA products. This role will require significant collaboration and feedback loops with business partners both inside and outside of the broader actuarial department as products go through the development and management life cycles.
The Main Responsibilities Include
- Collaborate with business partners in Product Development, Product
pricing design.
- Price annuity products, while balancing profitability, marketability, and risk.
- Work to achieve buy-in from finance and risk business partners on pricing
- Support the development of assumptions appropriate for the marketplace.
- Monitor industry trends especially regulatory changes impacting annuity products and pricing.
- Establish procedures for monitoring experience for newly developed products in order to adjust assumptions and pricing as necessary.
- Perform various duties delegated by Model Owners to support R&D pricing (i.e. specification development, collaboration with model developers, testing, etc.)
- Leverage pricing and product expertise to support other areas as needed.
Required
- FSA designation in the Society of Actuaries
- Leadership and managerial experience
- 7 Experience with pricing, hedging, or risk managing embedded options within annuities
- Experience with actuarial models
- Working knowledge of the annuity industry and all relevant product lines
- A proven track record of performance in prior roles within the insurance industry.
- Prior experience with hedging and/or reinsurance
- High proficiency in at least one actuarial pricing projection software, ideally Risk Agility FM, and in advanced programming such as Python, etc.
- We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
- Our “Giving Back” policy is at the core of our daily operations and guides our future progress. We offer up to 16 hours a year paid time off to volunteer in the community.
- Our people are our most important asset therefore we provide a generous benefits plan; Medical, Dental and Vision, 401(k) and company match, paid time off (PTO) plus company paid holidays. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.
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 TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
We consider qualified applicants with criminal histories, consistent with applicable law.
Functional Area
AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: Yes
American General Life Insurance Company
