Director & Actuary (Charlotte, NC (Hybrid) or Remote)

Brighthouse Financial • Charlotte, NC

5d • Hybrid

About The Position

As Director & Actuary, you will be responsible for Quarter-End and Year-End reserve reporting for Brighthouse Financial’s Fixed Index Annuity (FIA) and Fixed Deferred Annuity (FA) products, with primary accountability for the accuracy, analysis, and explanation of reserves. This role will serve as the primary actuarial contact for audit and control requests, own the analysis and explanation of quarter‑over‑quarter reserve movements, and lead the preparation of the annual VM-31 PBR actuarial memorandum. In addition to reporting responsibilities, this role will partner closely with the actuarial modeling team on valuation model development initiatives, including VM-22, with significant involvement in testing, validation, and implementation to ensure models are aligned with reporting and regulatory requirements. This role will report to the Life and Retirement Solutions Valuation Lead and collaborate with other departments’ leads to achieve strategic goals and inform key stakeholders.

Requirements

• 5-10 years of experience with increasing responsibilities within an actuarial department
• Associate of the Society of Actuaries (ASA) is required.
• Strong interpersonal and project/people management skills
• Experience in valuation, pricing, or actuarial modeling
• Knowledge of Statutory valuation
• Knowledge of Fixed Index Annuity and Deferred Fixed Annuity products
• Strong written and oral communication skills; ability to convey technical concepts to non-technical audiences and regulators.
• Must have strong ability to make decisions; ability to consider multiple aspects while making business decisions

Responsibilities

• Lead quarter-end and year-end reserve analysis and reporting for FIA and FA products, including review, validation, and explanation of reserve results and key drivers.
• Lead preparation and maintenance of the annual VM-31 PBR memorandum, coordinating inputs, analysis, documentation and responses to review questions.
• Serve as the primary actuarial contact for internal and external audit inquiries and requests, explaining reserve calculations, assumptions, and valuation methodologies.
• Support the development, testing, and implementation of VM-22 for FIA and FA products.
• Collaborate with pricing, product, actuarial modeling, and others to develop specifications and scope of valuation model releases.
• Work closely with the actuarial modeling team as they implement model updates for a given model release, addressing any questions and decisions as they arise.
• Lead testing, validation, and actuarial signoff of FIA and FA valuation models.
• Develop and maintain Excel single cell and single scenario validation tools to support audit calculations, model testing, and reserve analysis for VM-22 and legacy CARVM methodologies.
• This role will work closely with several teams including actuarial modeling, pricing, product, reinsurance, IT, CFT, financial projections and hedging.
• Proactively engage with business partners to vet existing methodology, assumptions, or procedures
• Support ad-hoc requests for key initiatives.
• Maintain strong documentation of valuation processes, controls, model changes, improvements, and analysis.

Benefits

• Base salary ranging from $155,000 - $175,000 plus competitive performance-based incentives determined by company and individual results.
• Work remotely or in the office to better thrive in all areas of life.
• 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.
• Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%).
• Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
• 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.
• Gain access to company-paid basic life insurance and short-term disability insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed