Actuarial Model Validation Associate designing and validating pricing models supporting IR pricing at Corebridge Financial. Collaborating with teams to enhance validation processes and ensure accuracy in models.
Responsibilities
Understand and participate in the development of validation plans to cover all aspects of the pricing model changes
Obtain the expertise to set up, run and extract results from the pricing models and perform independent testing and validation
Execute validation plan, research and reconcile discrepancy between expectation and implementation, and create model validation documents
Build and maintain spreadsheet version of pricing models to illustrate model functionalities
Collaborate internally and externally to obtain required information for model validation, communicate findings and resolve issues
Provide support with routine model review and audit
Enhance model validation process, by proposing/adhering to sound model validation best practice and providing clear documentation of model validation procedures.
Requirements
BA/BS Math/Statistics/Computer Science or related area
Actuarial modeling experiences (with RAFM, Prophet, AXIS, or similar platforms) strongly preferred
Proficient in Microsoft Excel and VBA
Programming experience using languages such as Python and C++ are helpful but not required
2+ years of experience with Index, Fixed, RILA annuities
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.
Retirement 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). These Company contributions vest immediately.
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.
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