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Associate Actuary - Annuity Valuation

Employer
Brighthouse Financial
Location
Morristown, New Jersey
Salary
Not Specified
Closing date
May 25, 2019

View more

Category
Actuary
Job Type
Not Specified
Career Level
Not Specified

Job Details

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 theyve 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, were 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, were 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. Were seeking passionate, high-performing team member to join us. Sound like you? Read on.

How This Role Contributes to Brighthouse Financial:

The individual will be an integral member of the Annuity Valuation team and will focus on the GAAP valuation for Variable Annuities and Indexed Annuities products. This position will work closely with the team on monthly and quarterly valuation and will have a strong focus on analyzing, understanding and explaining key drivers in results. The position will also collaborate with various teams in the company (ALM, Reporting, Controllers, Financial Projections, Experience Study, Pricing) to support the companys key initiatives. This position offers a great opportunity to grow and progress as an Actuary while expanding knowledge of individual annuities and their valuation in a dynamic team environment.

Key Responsibilities:

  • Perform monthly and quarterly Annuities GAAP financial reporting and analyses
  • Develop insightful analytics to assist in understanding, explaining, and communicating valuation results
  • Conduct analyses and testing for assumption updates, valuation model changes, and methodology refinements
  • Assist the implementation of GAAP valuation system conversion
  • Collaborate with corporate and annuities business partners and support on key strategic initiatives (e.g., new product development, accounting regulation changes)

Essential Business Experience and Technical Skills:

  • ASA or near-ASA with a degree in Actuarial Science, Mathematics, Statistics, Economics/Finance, Computer Science, or other related quantitative fields
  • 2 - 5 years experience with variable annuities and fixed indexed annuities experience preferred
  • Familiarity with Statutory and/or GAAP financials and reserving methods
  • Programming skills and experience with modern actuarial software is a plus (VBA, C++, Python, R, Prophet, MG-ALFA, PolySystems, etc.)
  • Strong analytical, problem-solving, and communication skills
  • Positive attitude with an eagerness to learn
  • Ability to working in a team environment, co-lead multiple projects, and resolve conflicting priorities

Travel:

Less than 5%

Number of Openings:

1

Company

Why Brighthouse Financial

We’re on a mission to help people create a better financial future. Drawing on our history as part of MetLife, Inc., we will help our customers achieve financial security. Our experience has taught us that it’s time for something new: a simple and transparent alternative to an industry that customers often feel is complex, confusing, and costly.

 

Benefits

Brighthouse Savings Plan

Achieve your long-term financial goals by combining your contributions with the company match and annual profit sharing contribution

 

Healthcare Gain

Peace of mind and care for you and your family by participating in our medical/pharmacy, dental and vision plans.

 

Income Protection

Protect your loved ones and prepare for the unexpected with company provided life and disability programs.

 

Work Life Balance

Live a fuller life and take time to recharge with our competitive offering of holidays, paid time off, parental leave, and much more.

 

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