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Brighthouse Financial · 3 weeks ago

Director & Actuary (Charlotte, NC (Hybrid) or Remote)

Charlotte, NC

Full-time

Hybrid

Mid, Senior Level

$160K/yr - $180K/yr

5+ years exp

Brighthouse Financial is one of the largest providers of annuities and life insurance in the U.S., dedicated to helping people achieve financial security. The Director & Actuary will lead the annuity valuation group, ensuring the accuracy of various valuation models and collaborating with multiple teams to support strategic goals and product analysis.

Financial ServicesFinTechInsuranceLife Insurance

Work & Life Balance

Responsibilities

Collaborate with pricing, product, actuarial modeling, annuity valuation and others to develop specifications and scope of valuation model releases

Work closely with the actuarial modeling team as they implement model updates for a given model release, addressing any questions and decisions as they arise

Lead analysis and validation of annuity valuation models culminating in signoff for each model release

Work with actuarial modeling to enhance attribution and sensitivity capabilities of valuation models

Work with actuarial modeling, pricing, and other partners to implement VM-22 for FA

Develop and maintain excel single cell and single scenario validation tools for all applicable use cases including VM-21 and MRB for VA and legacy CARVM for FA

Validate valuation models against pricing specs and policy forms, ensuring all material product features and benefits are reflected

Work with internal and external audit, model risk management team, and other areas to answer questions and explain model calculations

This role will work closely with several teams including annuity valuation, actuarial modeling, pricing, product, reinsurance, IT, CFT, financial projections and hedging

Proactively engage with business partners to vet existing methodology, assumptions, or procedures

Support ad-hoc requests for key initiatives

Maintain strong documentation of modeling processes, improvements, and analysis

Qualification

Fellow of the Society of ActuariesDeferred Annuity productsActuarial valuation principlesValuation modelingStatutoryGAAP valuationInterpersonal skillsProject managementWritten communicationOral communicationDecision making

Required

5-10 years of experience with increasing responsibilities within an actuarial department

Fellow of the Society of Actuaries (FSA) is required

Strong interpersonal and project/people management skills

Experience in valuation, pricing, or actuarial modeling

Knowledge of Statutory and GAAP valuation

Strong experience in Deferred Annuity products and actuarial valuation principles is required

Strong written and oral communication skills; ability to convey technical concepts to non-technical audiences and regulators

Must have strong ability to make decisions; ability to consider multiple aspects while making business decisions

Preferred

Experience in validating actuarial valuation models for Deferred Annuity products, ensuring accuracy, compliance, and adherence to model governance standards a huge plus

Benefits

Flexible Work Environment – Work remotely or in the office to better thrive in all areas of life.

Paid Time Off – Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.

Financial Health – Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services.

Health and Wellness – Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.

Family Support – Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.

Life and Disability Support – Gain access to company-paid basic life insurance and short-term disability insurance.