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Actuarial Assistant

Employer
Brighthouse Financial
Location
Morristown, New Jersey
Salary
Not Specified
Closing date
Jul 24, 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 Actuarial Assistant Annuity Projections is responsible for the production of liability projections for annuity insurance products (Payout Annuities, Fixed Annuities, Indexed Annuities and Variable Annuities). This position is a member of the Actuarial Development Program and will assist in updating, testing and modeling in Prophet and MoSes USLMS Platform for regulatory and business applications (asset adequacy testing, loss recognition testing, corporate ALM, risk reporting).

Key Responsibilities:

  • Produce cash flow projections for asset adequacy testing, loss recognition testing, corporate ALM, risk reporting, state exams and other applications as required.
  • Support the coding, testing and documentation of Prophet and MoSes USLMS model.
  • Support audit and model validation requests.
  • Provide pertinent model results for Actuarial Opinion and Memorandum. Assist in review and preparation of Actuarial Opinion and Memorandum.
  • Participate in testing of model updates and conversions as new technology and industry developments evolve.
  • Perform ad-hoc modeling requests related to annuity business.
  • Work closely with Valuation, ALM and Modeling teams to implement model updates.

Essential Business Experience and Technical Skills:

  • Bachelors degree in mathematics or statistics, or actuarial science
  • Passed Actuarial Exam P
  • Actively pursuing Associate designation with the Society of Actuaries
  • Ability to work well in a team
  • Positive attitude with an eagerness to learn
  • Strong written and oral communication skills with ability to communicate effectively to a non-technical audience
  • Highly proficient with Excel, VBA, and other MS Office products
  • Strong programming skills with experience with Python, C++, or similar languages preferred
  • Exposure to actuarial modeling software such as Aon PathWise, FIS Prophet, or GGY-Axis desirable

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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