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Quantitative Analyst

Req Id:  2775
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 seeking passionate, high-performing team member to join us. Sound like you? Read on. 


Location: Charlotte, NC or Morristown, NJ


How This Role Contributes to Brighthouse Financial:

This position supports variable and fixed annuity asset liability management and risk assessment. This role reports to the AVP in variable annuity asset liability management with a focus on reporting, modeling, sensitivity analysis, project management, and documentation as a utility player. The position requires someone with strong quantitative skills who will play a key role in analyzing key risk sensitivities around ALM framework, support new and existing derivative management initiatives on the asset and liability products, analyzing big data processing, and reporting using MS Office, database and various programming language. This person will also be a major contributor to the next generation VA hedging platform. This is a great opportunity for a derivatives expert to apply the expertise to challenges in the life insurance industry.


Key Responsibilities:

  • Support hedging and risk management of variable annuities with living benefit riders (VA), fixed annuities (FA), and structured indexed annuities (SIA).
  • Lead the development and maintenance of our Numerix derivatives analytic library
  • Perform hedge performance analysis and attribution reporting using Python, MS Office products, SQL, etc.
  • Coordinate with business constituents in maintaining consistency in production process, implementation schedule, assumptions, modeling approach and regulatory and reporting changes.
  • Derivative asset valuation in support of the reporting, hedging performance attribution, projection and risk measurement.
  • Lead the modeling and production process of scenario generators
  • Contribute to the next generation in-house VA hedging platform
  • Communicate results and analysis to senior staff and key internal stakeholders


Essential Business Experience and Technical Skills:

  • 3-5 years related work experience with derivatives, assets, and liabilities
  • Good understanding of regulatory requirements applicable to the derivatives markets, and a broad knowledge of trading, operational, and risk management practices
  • Prior experience of quantitative and statistical modeling and analysis, focused on investments
  • Understanding of fixed income securities, derivatives, insurance liabilities and risk management
  • Preferred experience in Numerix analytics library including CAIL and CAS
  • Experience with Python, R, SQL, Access, VBA, Aladdin and/or Bloomberg preferred
  • Strong interpersonal, oral, and written communication skills, positive attitude along with intellectual curiosity
  • Good project management skills
  • Can adjust work resources and deadlines in response to changing business priorities



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