Actuarial Controllership Director

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.

Summary of role

The Actuarial Controllership Director position is a key leadership position within the Finance organization. This position will be highly visible to the Finance organization leadership including CRBG's Controller, Actuarial Controller as well as the Chief Actuary.

The Actuarial Controllership Director will be working very closely with the reserving actuaries, reinsurance operations, in addition to the various controllership functions. The Actuarial Controllership Director will be responsible for coordinating control and audit matters with Financial Controls Unit (FCU), Internal Audit Group (IAG) and External Auditors.

The Actuarial Controllership Director should possess excellent leadership skills to lead through the significant transformation which the organization, and specifically the reserving actuarial function, is currently going through.

The Actuarial Controllership Director will be expected to build up and strengthen the actuarial controllership team with key focus on reporting accuracy, enhanced control environment, improved documentation and process improvement, and automation and simplification.

Responsibilities

• Ensure proper accounting and reporting of future policy benefits by Life and Retirement. Ensure proper reconciliations of inputs into the actuarial calculations and outputs thereof into the general ledger.
• Drive the actuarial reporting requirements, timing and financial impact in advance of filing deadlines.
• Produce high-quality and timely analysis supporting the reserve balances and rollforward of the balances.
• Ensure compliance with US GAAP and US STAT. Implement consistent accounting policies and procedures at an operational level.
• Coordinate documentation and control procedures for the experience studies with reserving actuaries, FCU, IAG and external auditors.
• Ensure accuracy of the actuarial reporting to the Audit Committee.
• Design and ensure operation of internal controls around the loss reserving and reporting processes. Enhance controls documentation and operating effectiveness.
• Document the actuarial management judgments and reserving decisions.
• External disclosures related to reserves and reserving methodologies, including SEC reporting on Form 10-K, 10-Q and any 8-K filings as well as US Statutory reporting.
• Perform GAAP to STAT analysis for future policy benefits.
• Assist in the implementation of the long duration targeted improvements standard.
• Support any new accounting and disclosure standards.
• Support actuarial systems and processes implementations in progress which are part of the Finance and Actuarial Transformation Programs.
• Work closely with reinsurance operations and accounting, OAP, FCU and various other groups on accounting and reporting for significant reinsurance agreements.
• Continually improve processes to reduce cycle time and improve accuracy by measuring key performance indicators for critical processes, establishing processes and eliminating defects, and simplifying and automating where possible.
• Design of an organizational structure adequate for achieving the department's goals and objectives. Provide continuous learning with actuarial focus to the various teams.
• Develop good interaction with Finance organization leadership team, reserving actuaries, reinsurance operations in addition to the various functions to drive best practice.
• Manage a close working relationship with the external and internal auditors.

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 increased responsibility and increased compensation.
• Our "Giving Back" policy is at the core of our daily operations and guides our future progress. 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.

Benefits

• Paid Time Off (Corebridge Financial recognizes the importance of work-life balance). We offer 24 PTO days to start. 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.

The base salary range for this position in Jersey City, NJ is $93,000 - $138,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to being 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.