Leader, Corporate Actuarial Model Steward

Location
Charlotte, North Carolina
Salary
Not Specified
Posted
Apr 14, 2018
Closes
Jun 13, 2018
Ref
DC68C295-BCE0-4#GIJ--BrighthouseFinancial.1
Job Type
Not Specified
Career Level
Not Specified

Brighthouse Financial is a new company established by MetLife. Were on a mission to help people achieve financial security. Built on a foundation of industry knowledge and experience, we specialize in offering essential annuity and life insurance products designed to help customers protect what theyve earned and ensure it lasts more predictably. In an industry that often has a reputation for complexity, confusion, and cost, Brighthouse Financial is different. Our approach includes simplicity, transparency, and more value so customers can face the future with confidence.

Brighthouse Financial is seeking passionate, high-performing team members to help us carry out our mission and be part of an exciting journey toward improving the financial futures of our millions of customers. Sound like you? Read on.

Role Value Proposition:

The model steward is responsible for managing the model development lifecycle, and establishing governance over the modeling process to ensure accuracy in model results. Other responsibilities include new product implementation, change management, assumption implementation, production model control and model validation.

Department: Chief Actuary

Key Relationships:

  • Reports To: Head of Actuarial Modeling
  • Direct Reports/Team: 6 to 8 modeler developers
  • Other Key Stakeholders: Pricing, Experience Studies, Projections and Asset Liability Management (ALM) teams

Travel:

Up to 25%

Key Responsibilities:

  • Govern and manage the model development lifecycle
  • Develop and enforce best in class modeling standards
  • Maintain change management and version control
  • With the assistance of IT, manage and maintain the production environment and control user access
  • Participate in the assumption setting process to ensure assumptions are implemented as intended
  • Develop and maintain an issues log to track issues for remediation
  • Implement and test new software releases, library updates, new products, new regulatory requirements, and shared table changes
  • Communicate to model users of new releases, library updates, and shared table changes
  • Provide modeling guidance and best practices to modeling team
  • Monitor and guide training for model developers at all levels
  • Manage merger of model revisions into the corporate model
  • Sit on change review board and provide technical modeling support to prioritization and staffing of model change initiatives
  • Coordinate staging of model inputs
  • Maintain relationships with software vendors

Essential Business Experience and Technical Skills:

  • Fellow of the Society of Actuaries (FSA) designation
  • 15+ years modeling expertise across a variety of packages (MoSes, Prophet, GGY, etc.)
  • 10+ years of Actuarial Model development
  • Life & Annuity Actuarial model design (5+ years)
  • Significant product knowledge to understand modeling requirements for Life and Annuity products
  • Strong project management skills
  • Strong written and oral communication skills
  • Conceptual and analytical skills to develop solutions to complex problems
  • Sound business judgment skills (decision-making and problem solving)

Leadership Competencies:

  • Motivates People Gains people commitment to achieve business objectives through clear communication of the companys vision and flexing leadership styles to inspire high performance
  • 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
  • Models our Values Creates a culture that promotes the companys values and standards through role modeling, accountability and ownership of decisions
  • Focuses on Customers Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage

Number of Openings:

1

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