Senior Actuarial Associate
About the Company
Brighthouse Financial is a leading provider of annuities and life insurance in the U.S. Our company is dedicated to helping people achieve financial security, and we specialize in products designed to protect what they've earned and ensure it lasts.
We empower our employees to collaborate, bring their passion to work, and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and promotes a sense of belonging. At Brighthouse Financial, we're committed to making a positive difference in the lives of our customers and our communities.
This role is a key part of our Annuity Modeling team, which is responsible for developing and testing Prophet models for new and current annuity products. As a Senior Actuarial Associate, you'll play a critical role in helping us achieve our mission and grow our business. Your work will have a direct impact on our ability to deliver innovative products and services to our customers, and your contributions will be valued and recognized.
Key Responsibilities
In this role, you'll be responsible for Prophet modeling and development for the FA/FIA Prophet model. You'll work on projects that affect the department more broadly, such as Prophet Enterprise usage and Assumptions Management. You'll also have opportunities to manage other students as an introduction to management and contribute to the development of our team members.
- Develop and test Prophet models for new and current annuity products
- Manage projects and timelines for the FA & FIA Prophet model
- Create and build, update, enhance, run, and validate models
- Analyze model results, including reconciliation and attribution of changes, communication of results to management, and detailed documentation
- Implement and test new software releases, library updates, new products, new regulatory requirements, and shared table changes in the Prophet environment
- Optimize models to follow coding standards and improve performance
- Evaluate new features and modeling approaches for use in our models
- Stage model inputs using Data Conversion Systems (DCS) and Assumption Manager
- Collaborate with cross-functional teams to achieve business objectives
- Develop and maintain technical documentation and process guides
Requirements & Qualifications
Must-Have
- ASA or near ASA preferred but not required
- Currently pursuing an ASA or FSA designation with the Society of Actuaries
- Strong computing and programming skills
- Strong actuarial and financial skills
- Strong communication skills
- Ability to adjust work resources and deadlines in response to changing business priorities
- Experience with Prophet modeling and development
Nice-to-Have
- Experience with Data Conversion Systems (DCS) and Assumption Manager
- Knowledge of coding standards and performance optimization techniques
- Familiarity with new features and modeling approaches in Prophet
- Experience with cross-functional teams and collaboration
- Technical writing and documentation skills
Technical Skills
Actuarial Modeling
We use Prophet models to develop and test new and current annuity products. Our actuarial modeling team is responsible for creating and maintaining these models, and we're looking for someone with experience in this area.
- Prophet modeling and development
- Data Conversion Systems (DCS)
- Assumption Manager
Programming and Computing
We use a variety of programming languages and tools to support our actuarial modeling work. We're looking for someone with strong computing and programming skills, including experience with languages such as Python, R, or SQL.
- Python
- R
- SQL
- Other programming languages and tools
What We Offer
We offer a competitive annual salary ranging from 100000 to 125000, plus performance-based incentives determined by company and individual results. We also offer a flexible work environment, with the option to work remotely or in the office, and a range of benefits to support your well-being and financial security.
- Competitive annual salary ranging from 100000 to 125000
- Performance-based incentives
- Flexible work environment
- Remote work options
- Paid time off and company holidays
- 401(k) savings plan with company match
- Financial counseling services
- Medical, vision, and dental plans
- Life and disability insurance
We're committed to creating a positive and inclusive work environment that supports the well-being and success of all our employees. We believe in fostering a culture of belonging and promoting team building, and we'd love for you to join us in our company-wide and department-wide events.
Frequently Asked Questions
What is the remote work setup like?
We offer a flexible work environment, with the option to work remotely or in the office. We use a range of tools and technologies to support remote work, including video conferencing and collaboration software.
What is the hiring process and timeline?
Our hiring process typically involves a series of interviews with members of our team, including the hiring manager and other stakeholders. We aim to move quickly and efficiently through the process, and we'll keep you updated on the status of your application.
What is the team size and tech stack?
Our Annuity Modeling team is a collaborative and dynamic group of professionals who are passionate about actuarial modeling and development. We use a range of technologies, including Prophet, Data Conversion Systems (DCS), and Assumption Manager, and we're always looking for ways to improve and expand our tech stack.