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- Tasks: Support model development and improve actuarial processes for insurance products.
- Company: Corebridge Financial, a leader in financial services with a collaborative culture.
- Benefits: Comprehensive health plans, generous PTO, and volunteer time off to support your community.
- Why this job: Join a dynamic team and make a real impact in the actuarial field.
- Qualifications: 3+ years in Actuarial, ASA or AIA designation, and experience in Annuity or Life Insurance.
- Other info: Inclusive workplace with opportunities for growth and innovation.
The predicted salary is between 36000 - 60000 £ per year.
Who We Are
At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow. We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:
- We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners.
- We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
- We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
- We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.
About the role
Support Bermuda EBS model development for all insurance products reinsured to Corebridge's Bermuda Subsidiary. Which include:
- Analyze model requirements.
- Create database store procedure to transform policy data into AXIS required format.
- Implement AXIS model for actuarial assumptions and valuation method under Bermuda regulation.
Responsibilities
- Support BAU modeling activities such as assumption updates, methodology improvements, regulatory required changes, etc.
- Perform unit testing on development work and peer-review as assigned. Document all implementation steps.
- Provide both onshore and offshore model owners with any required ad hoc analysis.
- Support QA function by testing and remediating model discrepancies.
- Work with Actuarial Control and Model Governance team to ensure model controls are developed according to requirements.
- Work with IT to resolve data issues or process issues.
- Automate model run process and improve model run efficiency.
- Support model transition to production team by providing effective documentation and communication.
Skills and Qualifications
- Minimum 3 + years experience in the Actuarial field required
- Annuity or Life Insurance experience required
- Completed ASA or AIA or other similar designation required
Compensation
Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.
Work Location
Role must be located in our Bermuda office. Hybrid role.
At Corebridge Financial, we prioritise the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:
- 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.
- Employee Assistance Program: Confidential counseling services and resources are available to all employees.
- 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.
Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.
We are an Equal Opportunity Employer
Corebridge Financial is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic.
The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building 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 colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs. 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, in accordance with applicable federal, state, and local law. We will consider for employment qualified applicants with criminal histories, consistent with applicable law.
To learn more please visit:
Functional Area: AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
Associate Actuary in Pembroke employer: Corebridge Financial, Inc.
Contact Detail:
Corebridge Financial, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Actuary in Pembroke
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field and let them know you're on the hunt for an Associate Actuary role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of Bermuda regulations. We want to show potential employers that we’re not just qualified, but also passionate about the work we do!
✨Tip Number 3
Don’t forget to showcase your collaborative spirit! Corebridge values teamwork, so be ready to share examples of how you've worked effectively with others in past roles during your interviews.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the Corebridge team.
We think you need these skills to ace Associate Actuary in Pembroke
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Associate Actuary role. Highlight your experience in the actuarial field, especially with annuities or life insurance, and show how you align with our values at Corebridge Financial.
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your skills can contribute to our team. Talk about your experience with model development, regulatory changes, and any innovative solutions you've implemented in past roles.
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon where possible. We want to see your personality shine through, so let your passion for the actuarial field come across!
Apply Through Our Website: We encourage you to apply directly through our website. This ensures your application gets to the right people quickly and allows us to keep track of all applicants efficiently. Plus, it’s super easy!
How to prepare for a job interview at Corebridge Financial, Inc.
✨Know Your Actuarial Stuff
Make sure you brush up on your actuarial knowledge, especially around annuities and life insurance. Be ready to discuss your experience with AXIS and any relevant modelling techniques, as this will show you're not just familiar with the theory but can apply it practically.
✨Showcase Your Collaborative Spirit
Corebridge values collaboration, so be prepared to share examples of how you've worked effectively in teams. Highlight any experiences where you’ve partnered with IT or other departments to solve problems or improve processes.
✨Demonstrate Your Problem-Solving Skills
Think of specific instances where you've tackled complex issues, particularly in model development or data discrepancies. Discuss your approach to testing and remediating models, as this aligns with their focus on accountability and improvement.
✨Embrace Diversity and Inclusion
Corebridge is committed to diversity, so be ready to talk about how you value different perspectives in the workplace. Share any experiences where you’ve contributed to an inclusive environment or learned from colleagues with diverse backgrounds.