11 days old

Director & Actuary - Life New Product Valuation

Brighthouse Financial
Charlotte, NC 28277
Apply Now
Apply on the Company Site
  • Job Code
    135403308
  • Jobs Rated
    10th
Req Id: 3162
Job location: Charlotte, NC, US, 28277


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:

The Director of Life New Product Valuation will be the valuation lead for the implementation of all new life insurance products for statutory, tax and GAAP valuation. This individual will set the valuation strategy and lead communications with pricing, IT, controllers and audit for all new life products. He/she will manage all financial reporting responsibilities under VM-20 (Life PBR). This individual will manage and ensure all aspects of earnings and all risks are covered for both GAAP and Stat financials, including year-end reporting. This person will also be BHF's lead contact with industry groups for all emerging statutory reserving issues.

This individual will report directly to the Head of Valuation and will also collaborate with other department leads to achieve strategic goals.

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 Charlotte, NC office, our Morristown, NJ office, or can continue to work remotely.

Key Responsibilities:
  • Liaison with Pricing team on Life Product Development on appropriate valuation methodology and assumptions for all new life products
  • Lead all required valuation work required under VM-20 for quarterly and annual financial reporting
  • Lead analysis of reserve changes and attributions for all VM-20 products
  • Recommend appropriate assumptions and methodology to the Head of Valuation for Statutory, GAAP and Tax reserves for all VM-20 products
  • Develop process and model enhancements, working with Model Stewards and Actuarial I
  • Ensure that all SOX and MAR controls are appropriate and completed successfully
  • Attend industry meeting regarding NAIC Valuation Manual changes and communicate emerging issues with Senior Leadership
  • Maintain strong documentation on modeling processes, improvements, and analysis


Essential Business Experience and Technical Skills:
  • 5-10 years of experience with increasing responsibilities within an actuarial department
  • Strong interpersonal and project/people management skills
  • Experience in valuation, pricing, or cash flow testing
  • Knowledge of U.S. GAAP, Statutory and Tax valuation and financial reporting
  • Knowledge of Life insurance 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
  • Fellow of the Society of Actuaries


Leadership Competencies:
  • Thinks Strategically - Sets direction aligned to the company's strategy, applying external and global perspective to meet local and global needs.
  • Creates Partnerships - Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Seizes Opportunity - Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.
  • Drives Results - Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.


Travel:

Less than 5%

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






PI135403308

Jobs Rated Reports for Actuary

Posted: 2021-05-01 Expires: 2021-06-02

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Director & Actuary - Life New Product Valuation

Brighthouse Financial
Charlotte, NC 28277

Join us to start saving your Favorite Jobs!

Sign In Create Account
Actuary
10th2019 - Actuary
Overall Rating: 10/199
Median Salary: $101,560

Work Environment
Very Good
8/220
Stress
Low
80/220
Growth
Very Good
24/220
Powered ByCareerCast