RILA Senior Product Analyst

Posted:
8/5/2024, 5:00:00 PM

Location(s):
California, United States ⋅ Los Angeles, California, United States

Experience Level(s):
Senior

Field(s):
Data & Analytics

Who we are

Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

Get to know the business

Corebridge Individual Retirement specializes in the manufacture and distribution of annuities through its vast distribution network of registered representatives, independent broker-dealers, national and regional securities firms, financial institutions, independent marketing organizations and independent advisors.

About the role

The Actuarial Product Support team acts as a resource to multiple business functions, including teams within Product Management, IT, and Operations, providing specialized knowledge and expertise with a focus on systems calculations and policy values for annuity products.

This position will primarily focus on providing support for the Registered Index Linked Annuity (RILA) product line as part of the Individual Retirement (IR) Product Management function, reporting to the AVP of the Actuarial Product Support team.  This is a high performing team of professionals with varying levels of experience with a mathematical focus, programming, and actuarial experience. 

Primary Responsibilities

  • Conduct daily analysis and validation of market data used in complex calculations and output used to determine policy values
    • Monitor financial markets to identify trends and expectations of resulting outputs
    • Analyze input and output for anomalies and communicate results to leadership team; contribute to decision-making based on outcomes
    • Recommend enhancements to reporting, analytics and processes
  • Provide overall support for the RILA product line, including but not limited to, testing of systems calculations/policy level values, statement validation, assist with Actuarial audits, and collaborate with team members and other functional areas
  • Early validation of all RILA transactions and calculations and facilitating timely resolution to any system or process issues related to RILA product line
  • Support issues resolution

What we are looking for

  • 3+ years corporate experience as a financial engineer, data analyst or related capacity, preferably with a global bank or insurance company. Actuarial background a plus.
  • A solid understanding and experience with financial mathematics, particularly with both Vanilla and Exotic Options (Black and Closed Form models)
  • Demonstrated proficiency with Python, SQL, and Power BI
  • Experience with RILA products is preferred
  • Experience with regression testing, trouble-shooting and analytical frameworks to monitor data quality with exposure to large scale systems in test and production environments
  • Excellent communication skills with the ability to translate issues to audiences not familiar with the complexities of the calculations and to quickly and effectively raise up issues should they occur
  • Solid analytical and problem-solving skills; detail and process oriented
  • Ability to work well both independently and as part of a team in a fast-paced environment
  • Ability to adapt to changing business environment and to the needs of the department

What our employees like most about working for Corebridge Financial

  • We care about your professional development. Our career progression and tuition reimbursement 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. Don’t believe us?  We put our money where our mouth is! Corebridge Financial, will give you 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 and competitive pay. Benefit package includes:
  • Paid Time Off: Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays per calendar year. 
  • A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.

For positions based in Woodland Hills, CA, the base salary range is $98,000-$111,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits.

#LI-ST1

We are an Equal Opportunity Employer

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 [email protected].   Reasonable accommodations will be determined on a case-by-case basis.

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area:

DT - Data

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company

CoreBridge Financial Services

Website: https://corebridgefinancial.com/

Headquarter Location: Houston, Texas, United States

Employee Count: 10001+

Year Founded: 1957

IPO Status: Public

Last Funding Type: Post-IPO Secondary

Industries: Financial Services ⋅ Insurance ⋅ Life Insurance