Who we are

At Corebridge Financial, Action is Everything. We are a new company, but not a new business. Formerly AIG Life & Retirement, we are one of the largest and most established providers of retirement solutions and insurance products in the United States, with a long and proven track record of serving our clients. Every day, we proudly partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

Summary of the role

This position is a critical role in managing the In-force reinsured portfolio as well as relationships with all reinsurers.  Ceded Re group is also responsible for representing Corebridge’s interests with major stakeholders both internally and externally with industry groups, reinsurers, government and regulatory bodies, and various L&R stakeholders.

About the role 

VP Ceded Reinsurance (In Force Management) will focus on:

Providing oversight on deliverables associated with 3rd party and affiliated reinsurance transactions (excluding mortality reinsurance), including:

• Settlements statements in line with treaties

• Completion of regular payments or asset transfer between counterparties

• Updates to existing treaties for changes in products or market conditions

• Reporting or data flow requirements

Managing performance of existing reinsurance transactions

• Tracking performance of ceded business on gross and net basis

• Evaluating experience to define implications for future performance

• Ensuring performance within the standards defined within the Reinsurance Agreements

Establishing and maintaining relationships with current Corebridge reinsurers

Maintaining relationships with key stakeholders within Corebridge

• Regular review of business results with the P&L owners

• Actively participating in the revenue/budget process with Corebridge Business Unit CFOs where reinsurance relationships are in place

• Exploring options for restructuring or changes to existing arrangements to align with strategic priorities

Ensuring compliance with relevant legal and statutory requirements, meeting principles of sound corporate governance and environmental, health, safety and quality standards

What we are looking for

• 7+ years related experience with the ability to deal with complex accounts

• Deep subject matter expertise in Life Insurance Products required

• Retirement Product expertise preferred

• Significant reinsurance structuring and transactions expertise

• Proven experience developing and executing multi-year roadmaps

• Maintain market relationships in order to identify and facilitate placement and resolve issues

• Strong knowledge of the relevant reinsurer marketplace, including alternate solutions

• Bachelor’s Degree required. Master’s Degree and/or other insurance designations such as ASA/FSA, CERA, CPCU, or ARM preferred.

• Clear and accessible communicator, influencer, and facilitator

What our employees like most about working for Corebridge Financial

We care about your professional development. Our career progression 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 at the forefront of creating value for customers and stakeholders and 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 New York, New Jersey or California the base salary range is $160,000 - $225,000 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.

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:

AC - Actuarial

Estimated Travel Percentage (%):

Relocation Provided:

American General Life Insurance Company