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 Associate on the Annuity Valuation team, you’ll be responsible for supporting the model validation/testing for annuity products, including assumption table updates, Prophet model validation and execution, development of process/model controls, and analysis of results. This role is primarily focused on FIA/RILA. In addition, this role will also support any strategic initiatives for the annuity product.

In this role, you’ll get to:

• Support all aspects of model testing work for FIA/SIA from the development testing to E2E UAT model testing.
• Create and maintain strong documentation on testing results, decisions made, and new processes implemented.
• 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.
• Perform single cell audits to ensure projection models are consistent with product features.
• Develop single cell tools and spreadsheets to support analysis on model testing, audit request and reserve movements.
• Coordinate and validate the impact of assumption updates on modeled results.
• Respond to requests from risk, internal audit, and external audit on the Prophet model.
• Collaborate with other actuarial teams including pricing, valuation, and modeling to support alignment across use cases.

We’re looking for people who have: 

• Bachelor’s degree in mathematics, statistics, actuarial science, or other similarly technical field
• Completed 4 preliminary actuarial exams for the Society of Actuaries
• Actively pursuing ASA designation with the Society of Actuaries
• Strong programming skills with experience with Python, R, VBA, C++, or similar languages 
• Exposure to actuarial modeling software such as FIS Prophet desirable
• Relevant work experience with attributing, and validating models is preferred
• Can adjust work resources and deadlines in response to changing business priorities
• Positive attitude with an eagerness to learn
• Strong written and oral communication skills with ability to communicate effectively to a non-technical audience
• Highly proficient with Excel and other MS Office products
   

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.