18 days old

Director, Actuarial Services - Annuity Modeling

Brighthouse Financial
Morristown, NJ 07960
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Req Id: 3158
Job location: Morristown, NJ, US, 07960

Brighthouse Financial is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S., we specialize in products designed to help people protect what they've earned and ensure it lasts. We are built on a foundation of experience and knowledge, which allows us to keep our promises and provide the value they deserve.

At Brighthouse Financial, we're fostering a culture where diverse backgrounds and experiences are celebrated, and different ideas are heard and respected. We believe that by creating an inclusive workplace, we're better able to attract and retain our talent, provide valuable solutions that meet the needs of our advisors and their clients, and deliver on our mission of helping more people achieve financial security. We're se eking passionate, high-performing team member to join us. Sound like you? Read on.

How This Role Contributes to Brighthouse Financial:

This position is responsible for implementing and monitoring Prophet model changes pertaining to the Annuity products, using best in class modeling standards. The immediate focus of this position will be on Variable Annuity products, and the scope will change as Brighthouse grows and launches new products.

This position supports an essential function which will provide assurance to model users of the validity and transparency of model results for use in financial statements, and for analysis and risk management purposes.

Work Location:

To protect the health and safety of our employees, our offices are closed until at least September 2021. When our offices reopen, the individual hired for this role will be based in our Morristown, NJ office or can continue to work remotely.

Key Responsibilities:
  • Design and implement Prophet annuity modeling solutions by utilizing product knowledge, studying existing models, and analyzing business requirements
  • Delegate tasks to, organize, mentor, and motivate a team of talented model developers
  • Provide training, modeling guidance and best practices to modeling team
  • Foster a culture of continuous feedback and improvement
  • Work with the Annuity Model Steward to plan and execute projects
  • Review model development deliverables regularly
  • Implement and test new software releases, library updates, new products, and new regulatory requirements
  • Maintain relationships with software vendors, consultants, and internal annuity modeling clients

Essential Business Experience and Technical Skills:
  • Associate of the Society of Actuaries (ASA) designation required; FSA designation advantageous
  • 5+ years of actuarial experience in an insurance company, consulting, or software company setting
  • 5+ years' experience in actuarial modeling design and development
  • 2+ years of Prophet Professional model development strongly preferred; familiarity with the US 360 and/or ALS libraries advantageous
  • Significant product knowledge to understand modeling requirements for Annuity products
  • Strong project management skills
  • Strong written and oral communication skills
  • Conceptual and analytical skills to develop solutions to complex problems
  • Sound business judgment skills (decision-making and problem solving)

Our Benefits:
  • Time Off: Minimum of 20 days of paid time off and 13 paid company holidays per full calendar year, plus paid volunteer time
  • Financial Benefits: 401(k) savings plan with up to a 6% annual match and 3% annual company nondiscretionary contribution of eligible compensation, annual incentive plan, and employee stock purchase plan
  • Family Focus: Up to 16 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, and adoption and surrogacy assistance
  • Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with potential company contributions up to $1,000 per family
  • Wellness Programs: Wellness incentive platform, employee assistance program, financial counseling services, fitness center discounts and more
  • Life & Disability Benefits: Company-paid basic life insurance and short-term disability


Jobs Rated Reports for Actuary

Posted: 2021-04-24 Expires: 2021-05-26

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Director, Actuarial Services - Annuity Modeling

Brighthouse Financial
Morristown, NJ 07960

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10th2019 - Actuary
Overall Rating: 10/199
Median Salary: $101,560

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