Sr. Actuarial Associate
- Employer
- Brighthouse Financial
- Location
- Morristown, New Jersey
- Salary
- Not Specified
- Closing date
- Aug 28, 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 initially focus primarily on the GAAP and STAT valuation for Fixed Annuities and Payout Annuities products. The position will work closely with the team on monthly and quarterly valuation and reporting with a focus on analyzing, understanding and explaining key drivers of results. The role will also collaborate with various teams in the company (ALM, Capital Management, Reinsurance, Controllers, Financial Projections, Experience Study, Pricing) to support the companys key initiatives. This offers a great opportunity to grow and progress as an Actuary while expanding knowledge of individual and group annuities and their valuation in a dynamic team environment.
Key Responsibilities:
- Perform monthly and quarterly Fixed and Payout Annuities GAAP/STAT Valuation, Analysis and reporting
- Develop insightful analytics to assist in understanding, explaining, and communicating valuation results
- Conduct analysis and testing for valuation assumption, model and methodology updates and refinements
- Assist in the implementation of valuation and admin system conversion projects
- Collaborate with other Annuity valuation team members in other cross functional projects
- Collaborate with corporate and annuities business partners in support of 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 annuities valuation and/or cash flow testing 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, SQL/Access/Alteryx, etc.)
Knowledge of fixed income investments and portfolio management is a plus
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
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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