CFO, Life Insurance

Corebridge • Full-time • Houston, Texas, United States • $223k - $306k / year • 1d ago

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.

Position Summary

This position reports to the Retail Chief Financial Officer, who reports to the CFO of Corebridge Financial, Inc. The Life CFO at Corebridge is responsible for all financial aspects of the Life business, including strategic planning, analysis of financial results, budgeting, forecasting, and partnering with Life business leadership and Finance leadership.

Responsibilities:

The Life CFO role is responsible for financial oversight within the Life line of business. The embedded Life Finance team is separate and distinct from other functions within the Corebridge Finance organization, such as Controllers, Actuarial, FP&A, Reinsurance, ERM, ALM, and Investments.

This role requires integration and collaboration across financial and non-financial functions within Corebridge. Key interactions include the Retail President and Head of Life Insurance, Product Pricing, Legal, Operations, Distribution, IT, and Underwriting. Within Finance, interactions will include the Corebridge CFO, Retail CFO, Financial Planning & Analysis, Actuarial, Enterprise Risk Management, and Controllers.

The role primarily supports the Life business by ensuring accurate financial data is available for management decision-making, internal reporting, earnings plans and changes in outlook, risk assessments, and broader business strategy decisions.

The Life CFO will lead quarterly earnings analysis and presentations and is primarily responsible for multi-year forecasting. Other focus areas include:

Monitoring and evaluating key performance indicators
Overseeing internal and external reinsurance transactions
Assessing profitability of blocks of business
Reviewing investment returns and operational performance
Capital management
Expense management
Balance sheet optimization

Strategic business partnership is essential for this role.

Specific activities include reviewing financial trends and developments, leading investigations into trend anomalies, managing oversight of periodic outlooks and forecasts, and preparing materials for Corebridge senior leadership (including monthly financial reviews, rating agency presentations, and other ad hoc analyses).

Financial analysis includes evaluation of product lines, blocks of business, and considerations around new markets/distribution or exiting unprofitable ones. Additional responsibilities include evaluating operations, supporting M&A activity as needed, enhancing management reporting, and addressing other non-routine requests.

Responsibilities:

Identify and establish focus areas, prioritize initiatives, and execute on specific one-off needs where problems or opportunities exist
Demonstrate strong command of the Life business economics
Communicate effectively, both verbally and in writing
Navigate and collaborate with Corebridge Finance and Actuarial functions to deliver results
Collaborate with other work groups across Corebridge
Develop and manage effective internal relationships
Ensure timely and transparent presentation of financial data and KPIs
Identify opportunities to improve resource allocation and reduce costs
Prepare, review, and analyze data to provide insights into forecasts and anticipated impacts of future internal or external events
Participate in special projects as needed, including simplification and efficiency initiatives, financial transformation efforts, internal capital management, and reinsurance initiatives
Support potential M&A due diligence and integration efforts or other organizational activities

The Ideal Candidate Should Have:

10+ years of progressive accounting and financial responsibility in life insurance finance/accounting; international and market-based KPI experience is a plus
An independent mindset, able to assess situations with healthy skepticism
Ability to lead actions across the organization (Finance, Business Operations, IT, and peer groups) as necessary to solve business needs
Strong multitasking capability, with the ability to manage multiple projects simultaneously and successfully
Broad understanding of processes and experience working in a large organization with interdependent functions
Ability to motivate, inspire, and relate to small teams
Strong interpersonal and communication skills
Awareness of trends in the external marketplace
Ability to communicate effectively across all levels of personnel

Compensation:

The anticipated salary range for this position is $223,000 to $306,000 for Jersey City, NJ regions 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.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location:

This position is based in Corebridge Financials' Jersey City, New Jersey or Houston, Texas offices and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel:

Minimal travel.

#LI-JG1

This 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.

Why Corebridge?

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 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. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
Employee Assistance Program: Confidential counseling services and resources are available to all employees.
Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
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, color, 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 TalentandInclusion@corebridgefinancial.com . 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.