Director & Actuary (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 a Director & Actuary of Equity Indexed Annuity CFT, you’ll be the actuarial lead and be responsible for producing and analyzing cash flow testing results for Fixed Indexed Annuities (FIA) and Registered Indexed Linked Annuities (RILA) products. Set the strategy for developing robust projection models, controls, and processes to support the analysis of asset vs. liability cash flows and modeled financial statements for asset adequacy testing. This individual will work with a variety of teams including investments, pricing, valuation, reinsurance, IT and hedging by quantifying the balance sheet impact of key initiatives. This role will report to the Appointed Actuary and collaborate with other departments’ leads to achieve strategic goals and inform key stakeholders.

In This Role, You’ll Get To

• Engage with pricing to implement product, pricing strategy, or hedging strategy updates within the projections model
• Collaborate with other Margin Analysis Leads to standardize and simplify the CFT modeling process.
• Lead analysis of CFT model validations, attributions, results, and sensitivities.
• Respond to ad-hoc requests for key initiatives, including hedge optimization and asset allocation projects.
• Lead analysis and communication of FIA and RILA ALM liability duration changes
• Complete year-end submissions of Secondary Memoranda, Exhibits, and related Schedules
• Be responsible for preparing and explaining liability duration results to the Asset Liability Management (ALM) Working Group. Key ALM metrics include projected cash flows, Market Value, effective duration, and Key Rate Durations (KRDs) by portfolio.
• Recommend appropriate assumptions and methodology to the Appointed Actuary
• Test all process and modeling enhancements, working with Model Stewards and Actuarial
• Proactively engage with business partners to vet existing assumptions, methods, or procedures
• Validate projection models against pricing specs and policy forms, ensuring all material product features and benefits are reflected.
• Ensure appropriate controls have been established for each reporting cycle
• Attend industry meetings regarding NAIC Valuation Manual changes and remain up to date on Actuarial Standards of Practice (ASOPs), APFs, and other anticipated changes to the Valuation Manual.
• Maintain strong documentation of modeling processes, improvements, and analysis. Prepare documentation of the assumptions and models used for the cash flow testing of FIA and RILA products which comply with relevant actuarial standards of practice (ASOPs) and VM-30.
  
  

We’re Looking For People Who Have

• 5-10 years of experience with increasing responsibilities within an actuarial department
• Fellow of the Society of Actuaries is required.
• Strong interpersonal and project/people management skills
• Experience in valuation, pricing, or cash flow testing
• Knowledge of Statutory valuation and Statutory financial statements
• Knowledge of Fixed Indexed Annuities or RILA products
• 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
  
  

Key Relationships

• Reports to: Appointed Actuary
• Direct Reports: 2 Actuarial Development Program students
• Other Key Stakeholders: Margin Analysis Leads, Valuation Leads, Experience Studies, Model Steward team, Financial Projections team
  
  

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 – Base salary ranging from $155,000 - $175,000 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.
  
  

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