Actuarial Associate (Charlotte, NC (Hybrid) or Morristown, NJ (Hybrid) or Remote)

Where you’ll work :

Our flexible, hybrid work model offers the option to work remotely or in the office.

How you’ll contribute :

As an Actuarial Assistant and being a part of the Actuarial Development Program, you’ll be responsible for supporting the Annuity Cash Flow testing team on end-to-end cash flow testing process for annuity products, including assumption table updates, Prophet model validation and execution, development of process / model controls, and analysis of results.

In addition, this role will support quarterly ALM runs which are used to inform investment portfolio mix and duration targets.

In this role, you’ll get to :

• Analyze annuity cash flow testing and ALM model results for attributions, sensitivities, and baseline results.
• Coordinate and validate the impact of assumption updates on modeled results.
• Support model development testing to ensure model updates are consistent with requirements.
• Develop creative solutions to complex problems identify ways to streamline and simplify the annuity modeling process to increase capacity for value-added activities.
• Support ad-hoc requests for sensitivities and quarterly CFT runs used to inform key stakeholders including pricing, reinsurance, investments, hedging, etc.
• Perform single cell audits to ensure projection models are consistent with product features.
• Collaborate with other actuarial teams including pricing, valuation, and modeling to support alignment across use cases.
• Execute annuity cash flow testing and ALM model runs for attributions, baseline scenarios, and sensitivities and perform all process / data controls.

We’re looking for people who have :

• Bachelor’s degree in Mathematics, Statistics, Computer Science, or Actuarial Science
• 2+ Years of experience in an actuarial or related role, preferably in pricing, valuation, or projections.
• 4+ Actuarial Exams towards SOA is required
• Strong analytical, problem solving, and communication skills
• Positive attitude and ability to work with others in a team environment

What you’ll gain from the Brighthouse Actuarial Development Program :

• Experience with a FORTUNE® 500 company that’s one of the largest annuity and life insurance providers in the U.S.
• Study materials, study time, and exam fees paid for by Brighthouse Financial.
• Direct exposure to leaders, mentors, and learning opportunities.
• 24-month rotational work assignments to promote career growth.
• Automatic salary increases with each passed exam.

Research shows some people may not apply for a role if they don’t check all the boxes of a job description. If you don’t check every box listed, that’s okay.

We would love to hear from you.

What you’ll receive :

• Compensation Level and salary to be commensurate with exam progress.
• Associate Level (4+ Exams) : Base salary ranging from $80,000 to $93,000 plus competitive performance-based incentives determined by company and individual results.
• 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.

The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building.

We’d love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

Why join us?

Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.

S.,* and we specialize in products designed to help people protect what they’ve earned and ensure it lasts.

We empower employees to collaborate, bring their passion to work, and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences.

You can find out more about our company culture by visiting brighthousefinancial.com / about-us / careers / .

We’re proud to be one of the largest providers of annuities and life insurance in the U.S.* and recognized as one of the Healthiest Employers of Greater Charlotte by the Charlotte Business Journal.

We’re also honored to be named to Newsweek’s list of Most Trustworthy Companies in America.

• Ranked by 2022 admitted assets. Best’s Review® : Top 200 U.S. Life / Health Insurers. AM Best, 2023.
8 days ago