Actuarial Associate (Charlotte, NC (Hybrid) or Remote)

Job title: Actuarial Associate (Charlotte, NC (Hybrid) or Remote) in Charlotte, NC at Brighthouse Financial
Company: Brighthouse Financial
Job description: Where you’ll work:
Our flexible, hybrid work model offers the option to work remotely or in the office.How you’ll contribute:
As an Actuarial Associate, supporting the modeling team, you’ll be responsible for implementing and model changes pertaining to the Variable Annuity product, using best-in-class modeling standards. These models are written in the Prophet environment. This position supports an essential function which will provide assurance to model users of the validity and transparency of model results for use in financial statements, and for analysis and risk management purposes.In this role, you’ll get to:

• Develop models for existing Variable Annuity liability products. Involvement encompasses creating and building, updating, enhancing, running, and validating the models.
• Analyze model results, including reconciling and attributing changes, communicating results to management, and creating 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
• Stage model inputs using data conversion systems

We’re looking for people who have:

• A bachelor’s degree in Actuarial Science, Mathematics, Economics, Finance, or related major
• 4+ Actuarial exams towards the Society of Actuaries is required
• 1-2+ years of actuarial experience in an insurance company, consulting, or software company setting.
• 1+ years of experience in actuarial modeling design, preferred in Prophet or similar modeling software.
• Strong written and oral communication skills.
• Conceptual and analytical skills to develop solutions to complex problems.
• Positive attitude with an eagerness to learn

What you’ll gain from the Brighthouse Actuarial Development Program:

• Experience with one of the largest annuity and life insurance providers in the U.S.
• Study materials, study time, and exam fees paid for by Brighthouse Financial.
• Direct exposure to leaders, mentors, and learning opportunities.
• 24-month rotational work assignments to promote career growth.
• Automatic salary increases with each passed exam.

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 – Level and salary to be commensurate with exam progress.

• Associate Level (4+ Exams): Base salary ranging from $82,000 to $95,000 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 one of the largest providers of annuities and life insurance in the U.S.,* and our commitment to being a great place to work has earned us recognition from Forbes as one of America’s Best Midsize Employers, from Newsweek as one of the Most Trustworthy Companies in America, and as one of the Healthiest Employers of Greater Charlotte.

• Ranked by 2023 admitted assets. Best’s Review®: Top 200 U.S. Life/Health Insurers. AM Best, 2024.

Expected salary: $82000 - 95000 per year
Location: Charlotte, NC
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