Assistant Actuary in Pembroke

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 includes:

• 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.

Why Corebridge?

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, colour, 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 us.

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.