Corebridge Financial, Inc.
Head of Pricing and Product Development
Corebridge Financial, Inc., Houston, Texas, United States, 77246
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.The successful candidate for this role will demonstrate strong leadership, technical expertise, and exceptional communication skills, with the ability to deliver pricing, rate-setting, product design, and product development outcomes across the Individual Retirement portfolio. This includes individual retail fixed, index, RILA, and variable annuity products.This leader will manage and develop a high-performing team across four major product lines and partner closely with Distribution, Finance, Actuarial, Product Management, and other key stakeholders to enable Corebridge to achieve its sales and profitability objectives. The role reports directly to the President, Individual Retirement and Life Insurance.As a key member of the Individual Retirement Leadership Team, this position partners with peers to ensure the business meets or exceeds its strategic, financial, and operational goals, while contributing meaningful insight and influence on broader business strategy. In addition, this individual will serve as a member of Corebridge’s Senior Leadership Group, which comprises the organization’s top leaders, and will play an active role in advancing communication, culture, and the overall success of the enterprise.**Why This Role Matters**This role supports one of the top providers of annuities in the U.S., with Corebridge Financial ranking #3 in total annuity sales and serving over 1.2 million active annuity policies nationwide. Decisions made in this role directly influence products distributed through 29,000+ financial professionals and hundreds of distribution partners, impacting retirement outcomes for clients at national scale.**Key Responsibilities:**As the Chief Pricing Actuary, you will be responsible for:* Overseeing the pricing process, ensuring appropriate assumption, modeling methodologies, and profitability reporting* Provide real-time pricing analytics for all fixed, index, RILA, and variable annuity products currently being sold in the market* Partner with Finance and Actuarial to understand profitability on in-force annuity blocks, including maintaining the bridge from pricing output to actual financial results in partnership with our Finance and Actuarial teams* Ensure consistency where appropriate in all pricing assumptions and methodologies for all product lines, including consistency with financial reporting assumptions and methodologies where appropriate* Co-chair of our Pricing CommitteeWith crediting rate setting within this team, responsibilities include:* New business rate setting for all products* Renewal rate setting for all products* Rate setting methodology and its alignment with our strategy and decision makingAs head of product development, you will be responsible for:* Establishing Corebridge’s Individual Retirement annuity product strategy* Maintaining a competitive and profitable product portfolio* Lead the innovation and product design efforts for all individual retail annuity products* Oversee the design of complex new products and features that meet company’s profitability, risk and sales objectives* Partner with Product Management to support the Implementation of product initiatives* Monitor competitive, regulatory, distribution and economic environments for new product opportunities* Maintain a deep understanding of customer, distributor, and shareholder needs via collaboration with Product Management, Pricing/Product Development, Sales and Distribution, Market Risk Management, Enterprise Risk Management, Legal, and Compliance* Maintain a current knowledge of accounting, regulatory, distribution, and compliance requirements to ensure products remain in a profitable, compliant and competitive position**Job Requirements:*** 15+ years (with at least 8 in a leadership position) in product development/strategy, pricing, risk management, product management or other relevant actuarial roles* BA/BS required* Fellow in the Society of Actuaries (FSA) designation strongly preferred* Deep knowledge of retail annuity products, with expertise in index, fixed, RILA and/or variable annuities* Broad understanding of all distribution channels in the financial services industry* Solid understanding of insurance company financials, including annuity pricing, risk management, GAAP and statutory accounting, regulatory issues* Demonstrated collaboration skills and the ability to lead a team, including the support of continued growth & development of internal talent* Highly organized – able to analyze and maintain large quantity of materials and manage multiple projects and priorities at once* Excellent communication skills, both verbal and written, and an ability to simplify complex concepts and to communicate to all levels of the organization* Ability to create compelling rationale for ideas and create thorough and thoughtful business cases* Demonstrated success in the design and delivery of new initiatives and ideas* Strategic and creative thinking; open-minded to others’ ideas and suggestions* Demonstrated high level of detail orientation* Strong analytical, critical thinking and problem-solving skills – demonstrated ability to understand impacts of simple to complex concepts* Culture carrier and both team leader and team player* Ability to understand and respond to constituent needs and deadlines quickly and efficiently* Ability to travel occasionally to other Corebridge office locations or for attendance of industry conferences / distributor meetings.**Compensation**The anticipated salary range for this position is $207,000 to $330,000 [CA, CO, D.C, HI, IL, MA, MD, MN, NJ, NY, VT, WA] at the commencement of employment.
Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications. In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.#LI-JG1This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR § 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR § 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.At Corebridge Financial, we prioritize 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 #J-18808-Ljbffr
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.The successful candidate for this role will demonstrate strong leadership, technical expertise, and exceptional communication skills, with the ability to deliver pricing, rate-setting, product design, and product development outcomes across the Individual Retirement portfolio. This includes individual retail fixed, index, RILA, and variable annuity products.This leader will manage and develop a high-performing team across four major product lines and partner closely with Distribution, Finance, Actuarial, Product Management, and other key stakeholders to enable Corebridge to achieve its sales and profitability objectives. The role reports directly to the President, Individual Retirement and Life Insurance.As a key member of the Individual Retirement Leadership Team, this position partners with peers to ensure the business meets or exceeds its strategic, financial, and operational goals, while contributing meaningful insight and influence on broader business strategy. In addition, this individual will serve as a member of Corebridge’s Senior Leadership Group, which comprises the organization’s top leaders, and will play an active role in advancing communication, culture, and the overall success of the enterprise.**Why This Role Matters**This role supports one of the top providers of annuities in the U.S., with Corebridge Financial ranking #3 in total annuity sales and serving over 1.2 million active annuity policies nationwide. Decisions made in this role directly influence products distributed through 29,000+ financial professionals and hundreds of distribution partners, impacting retirement outcomes for clients at national scale.**Key Responsibilities:**As the Chief Pricing Actuary, you will be responsible for:* Overseeing the pricing process, ensuring appropriate assumption, modeling methodologies, and profitability reporting* Provide real-time pricing analytics for all fixed, index, RILA, and variable annuity products currently being sold in the market* Partner with Finance and Actuarial to understand profitability on in-force annuity blocks, including maintaining the bridge from pricing output to actual financial results in partnership with our Finance and Actuarial teams* Ensure consistency where appropriate in all pricing assumptions and methodologies for all product lines, including consistency with financial reporting assumptions and methodologies where appropriate* Co-chair of our Pricing CommitteeWith crediting rate setting within this team, responsibilities include:* New business rate setting for all products* Renewal rate setting for all products* Rate setting methodology and its alignment with our strategy and decision makingAs head of product development, you will be responsible for:* Establishing Corebridge’s Individual Retirement annuity product strategy* Maintaining a competitive and profitable product portfolio* Lead the innovation and product design efforts for all individual retail annuity products* Oversee the design of complex new products and features that meet company’s profitability, risk and sales objectives* Partner with Product Management to support the Implementation of product initiatives* Monitor competitive, regulatory, distribution and economic environments for new product opportunities* Maintain a deep understanding of customer, distributor, and shareholder needs via collaboration with Product Management, Pricing/Product Development, Sales and Distribution, Market Risk Management, Enterprise Risk Management, Legal, and Compliance* Maintain a current knowledge of accounting, regulatory, distribution, and compliance requirements to ensure products remain in a profitable, compliant and competitive position**Job Requirements:*** 15+ years (with at least 8 in a leadership position) in product development/strategy, pricing, risk management, product management or other relevant actuarial roles* BA/BS required* Fellow in the Society of Actuaries (FSA) designation strongly preferred* Deep knowledge of retail annuity products, with expertise in index, fixed, RILA and/or variable annuities* Broad understanding of all distribution channels in the financial services industry* Solid understanding of insurance company financials, including annuity pricing, risk management, GAAP and statutory accounting, regulatory issues* Demonstrated collaboration skills and the ability to lead a team, including the support of continued growth & development of internal talent* Highly organized – able to analyze and maintain large quantity of materials and manage multiple projects and priorities at once* Excellent communication skills, both verbal and written, and an ability to simplify complex concepts and to communicate to all levels of the organization* Ability to create compelling rationale for ideas and create thorough and thoughtful business cases* Demonstrated success in the design and delivery of new initiatives and ideas* Strategic and creative thinking; open-minded to others’ ideas and suggestions* Demonstrated high level of detail orientation* Strong analytical, critical thinking and problem-solving skills – demonstrated ability to understand impacts of simple to complex concepts* Culture carrier and both team leader and team player* Ability to understand and respond to constituent needs and deadlines quickly and efficiently* Ability to travel occasionally to other Corebridge office locations or for attendance of industry conferences / distributor meetings.**Compensation**The anticipated salary range for this position is $207,000 to $330,000 [CA, CO, D.C, HI, IL, MA, MD, MN, NJ, NY, VT, WA] at the commencement of employment.
Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications. In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.#LI-JG1This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR § 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR § 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.At Corebridge Financial, we prioritize 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 #J-18808-Ljbffr