Model Risk Actuary (Charlotte, NC (Hybrid) Or Morristown, NJ (Hybrid) Or Remote)

Model Risk Actuary (Charlotte, NC (Hybrid) or Morristown, NJ (Hybrid) or Remote)

Req Id: 5162

Where you'll work:

Our flexible, hybrid work model offers the option to work remotely or in the office.

How you'll contribute:

As a Senior Actuarial Associate, you'll be responsible for leading model validations within the company and researching key emerging actuarial issues within the life insurance space. This position sits within the Corporate Risk Management (CRM) and will collaborate closely with key stakeholders across different business functions including Pricing, Valuation, Asset Liability Management (ALM), and Audit.

In this role, you'll get to:

• Conduct independent model reviews, testing, and validation of models, including review of model documentation, evaluating risks, and proposing review strategies and recommendations to enhance the company's risk management.

• Advise business partners, CRM team members, and management on regulatory compliance requirements and best practices with respect to effective model risk management.

• Provide support related to model development, validation, and testing, through partnership with other teams, such as valuation, ALM, and pricing. Partner to understand their needs.

• Support the Model Governance function by performing risk-based reviews.

• Provide support to strengthen risk oversight in insurance risk management including risk reporting and monitoring.

• Perform other CRM initiatives as needed.

We're looking for people who have:

• Bachelor's in actuarial science, computer science, finance, mathematics, or related field is preferred.

• Strong financial modeling knowledge and experience.

• Advanced experience with Excel and VBA.

• Experience in using actuarial modeling software such as Prophet or similar.

• Actuarial credentials highly preferred.

• Prior experience on VM-20 and pre-PBR life valuation guidelines a plus.

• Detail-oriented with excellent organizational, communication, and interpersonal skills.

Research shows some people may not apply for a role if they don't check all the boxes of a job description. If you don't check every box listed, that's okay. We would love to hear from you.

What you'll receive:

• Compensation

• Base salary ranging from $100,000 - $125,000 plus competitive performance-based incentives determined by company and individual results.

• Flexible Work Environment

• Work remotely or in the office to better thrive in all areas of life.

• Paid Time Off

• Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.

• Financial Health

• Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services.

• Health and Wellness

• Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.

• Family Support

• Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.

• Life and Disability Support

• Gain access to company-paid basic life insurance and short-term disability insurance.

The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We'd love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

Why join us?

Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.S.,* and we specialize in products designed to help people protect what they've earned and ensure it lasts.

We empower employees to collaborate, bring their passion to work, and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences. You can find out more about our company culture by visiting brighthousefinancial.com/about-us/careers/.

We're proud to be a Fortune 500 company and recognized as one of the Healthiest Employers of Greater Charlotte by the Charlotte Business Journal. We're also honored to be named to Newsweek's list of Most Trustworthy Companies in America.

• Ranked by 2022 admitted assets. Best's Review: Top 200 U.S. Life/Health Insurers. AM Best, 2023.

From FORTUNE 2023 Fortune Media IP Limited. All rights reserved. Used under license. FORTUNE and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Brighthouse Financial.

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