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, you’ll be responsible being the business lead within the annuity valuation group who is responsible for ensuring the accuracy and appropriateness of the Variable Annuity (VA) and Fixed Deferred Annuity (FA) valuation models.  Act as the key contact working with the actuarial modeling team on valuation model development projects as well as the key contact for all questions and analysis related to the VA and FA model and calculations.   Set the strategy for developing and maintaining robust valuation models, controls, and processes to support the analysis and production work performed by the annuity valuation team.  This role will report to the Variable Annuity Valuation Lead and collaborate with other departments’ leads to achieve strategic goals and inform key stakeholders.

In this role, you’ll get to:

• Collaborate with pricing, product, actuarial modeling, annuity valuation and others to develop specifications and scope of valuation model releases.
• Work closely with the actuarial modeling team as they implement model updates for a given model release, addressing any questions and decisions as they arise.  
• Lead analysis and validation of annuity valuation VA and FA models culminating in signoff for each model release.
• Work with actuarial modeling to enhance attribution and sensitivity capabilities of valuation models.
• Work with actuarial modeling, pricing, and other partners to implement VM-22 for FA. 
• Develop and maintain excel single cell and single scenario validation tools for all applicable use cases including VM-21 and MRB for VA and legacy CARVM for FA.  
• Validate valuation models against pricing specs and policy forms, ensuring all material product features and benefits are reflected.
• Work with internal and external audit, model risk management team, and other areas to answer questions and explain model calculations. 
• This role will work closely with several teams including annuity valuation, actuarial modeling, pricing, product, reinsurance, IT, CFT, financial projections and hedging.  
• Proactively engage with business partners to vet existing methodology, assumptions, or procedures
• Support ad-hoc requests for key initiatives.
• Maintain strong documentation of modeling processes, improvements, and analysis. 

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 (FSA) is required.
• Strong interpersonal and project/people management skills  
• Experience in valuation, pricing, or actuarial modeling
• Knowledge of Statutory and GAAP valuation
• Knowledge of Variable Annuity and Deferred Fixed Annuity 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: Variable Annuity Valuation Lead
• Direct Reports: 2 Actuarial Development Program students and 1 Managing Actuary
• Other Key Stakeholders: Actuarial Modeling Leads, other Valuation Leads, Margin Analysis Leads, Pricing Leads, Experience Studies, Financial Projections team, VA ALM Leads 

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.