Model Validation Actuary (Charlotte, NC (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 Model Valuation Actuary of the Model Risk Management (MRM) team, you’ll be responsible for leading end-to-end model validations and proactively shaping review practices in response to evolving regulatory and business environments. This position sits within the Corporate Risk Management and will collaborate closely with key stakeholders across different business functions including Pricing, Valuation, Asset Liability Management (ALM), and Audit.

In this role, you’ll get to:

• Lead model validations for actuarial and other quantitative models
• Remain current in profession and industry trends, including upcoming NAIC Valuation Manual update.
• Serve as a subject matter expert on model risk, collaborating with various teams to influence model risk oversight
• Provide support related to model development, validation and testing, through partnership with other teams, such as valuation, modeling, and pricing. Partners to understand their needs.
• Support the Model Governance function by performing risk-based reviews
• Identify solutions and/or develop tools for the ad-hoc requests from senior management and other teams.
• Performs other duties as assigned

We’re looking for people who have:

• Associate of the Society of Actuaries (ASA) designation required, FSA designation highly desired
• Possession of a strong desire and demonstrated ability to lead model reviews and model validation.
• Strong financial modeling knowledge and experience
• Strong working knowledge of financial statements under US Statutory reporting
• Advanced experience with Excel and VBA, Python a plus
• Experience in using actuarial modeling software such as Prophet or similar
• Familiarity with PBR regulatory requirements (i.e., VM-20, VM-21, and the upcoming VM-22) is a plus
• Detail-oriented with excellent organizational, communication, and interpersonal skills

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 $130,000 - $155,000 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 one of the largest providers of annuities and life insurance in the U.S.,* and our commitment to being a great place to work has earned us recognition from Forbes as one of America’s Best Midsize Employers, from Newsweek as one of the Most Trustworthy Companies in America, and as one of the Healthiest Employers of Greater Charlotte.

* Ranked by 2023 admitted assets. Best’s Review®: Top 200 U.S. Life/Health Insurers. AM Best, 2024.