Hybrid Actuarial Model Validation Associate

at AIG

• Job title: Actuarial Model Validation Associate
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $80,000 - $100,000 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Python, VBA
• Location requirements: Hybrid, Woodland Hills, United States

About the role

• 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.