Bright House Financial, LLC

Senior Actuarial Associate II - Actuarial Model Validation (Charlotte, NC (Hybrid) or Remote)

Bright House Financial, LLC • $100K — $125K *
Charlotte, NC 28269Hybrid
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience with annuity products in valuation, modeling, and hedging
  • Strong financial modeling skills, advanced proficiency in Excel and VBA
  • Experience with actuarial modeling software like Prophet or similar
  • Associate of the Society of Actuaries (ASA) designation preferred or near ASA candidates with annuity experience considered
  • Familiarity with PBR and pre-PBR valuation guidance is beneficial
  • Interest in AI and emerging model risk practices
  • Excellent communication, organizational, and interpersonal skills.

Responsibilities

  • Perform independent model validations and evaluate model risks
  • Identify model risks and recommend enhancements to model design and governance
  • Ensure compliance with regulatory requirements for models
  • Partner with teams in Pricing, ALM, and Valuation to provide validation support
  • Support Model Governance by conducting risk-based reviews
  • Leverage AI tools for research and model validation
  • Engage in other CRM initiatives as needed.

Benefits

  • Flexible remote or office work environment
  • Minimum of 20 days paid time off plus 16 paid holidays
  • 401(k) plan with company match and annual contributions
  • Competitive health, vision, and dental plans
  • Up to 16 weeks paid leave for new parents and dependent care support
  • Access to life insurance and short-term disability coverage.
Full 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 the Sr Actuarial Associate of the Model Risk Management (MRM) team, the individual will perform model validations across the organization and research key emerging actuarial issues within the life insurance space. This position sits within Corporate Risk Management (CRM) and collaborates closely with key stakeholders across business functions including Pricing, Valuation, Asset Liability Management (ALM), Audit, and other critical functions

In this role, you'll get to:
  • Perform independent model validations, including reviewing model documentation, evaluating model risks, and proposing review strategies and recommendations
  • Identify model risks and issues and propose enhancements to model design, controls, and governance
  • Ensure compliance with regulatory requirements for applicable models, while promoting sound modeling practices
  • Partner with teams across Pricing, ALM, and Valuation to provide effective challenge and validation support
  • Support the Model Governance function by performing risk-based model reviews
  • Leverage AI tools to support research and develop tools for model validation
  • Perform and support other CRM initiatives as needed


We're looking for people who have:
  • Prior experience with annuity products (i.e., index, fixed, or RILA) in valuation, modeling, and hedging
  • Strong financial modeling background with advanced experience in Excel and VBA
  • Experience using actuarial modeling software such as Prophet or similar
  • Associate of the Society of Actuaries (ASA) designation highly preferred; candidates near ASA and relevant annuity experience will also be considered
  • Familiarity with PBR and pre-PBR valuation guidance is a plus
  • Interest in emerging AI model risk and validation practices is beneficial
  • Strong attention to detail with excellent communication, organizational, 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 our401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 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.

About Bright House Financial, LLC

Brighthouse Financial offers annuities and life insurance that help protect what people have earned and ensure it lasts. The company is built on a foundation of experience and knowledge, which enables it to provide the value the customers deserve. The company has over $200 billion in total assets, more than 2 million customers, and approximately 2.5 million annuity contracts and insurance policies in force. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Brighthouse Financial was founded in 2017 and is headquartered in Charlotte, North Carolina.

Bright House Financial, LLC Careers

Join the dynamic team at Bright House Financial, LLC, a premier financial services provider where innovation meets expert financial guidance. We are currently expanding our talented team, offering a range of job opportunities that promise not only professional growth but also a chance to be part of a culture that values leadership and diversity.

Why Bright House Financial, LLC?

At Bright House Financial, LLC, we believe in empowering our employees to excel through comprehensive training and development programs. As a company, we are committed to fostering an inclusive environment where diverse ideas and perspectives lead to innovative financial solutions for our clients.

Explore Career Opportunities

Whether you're a seasoned professional looking for your next career challenge or a recent graduate eager to start your internship, Bright House Financial, LLC offers a variety of positions across multiple disciplines. Our team is hiring individuals who are passionate about financial services and dedicated to client success.

What We Offer

- **Professional Growth**: Advance your career with our leadership programs, diversity training, and opportunities for promotion. - **Innovative Culture**: Be part of a culture that thrives on innovation and continuous improvement. - **Competitive Benefits**: Enjoy a comprehensive benefits package that supports the health and well-being of you and your family. - **Networking and Mentorship**: Engage with industry leaders and gain valuable insights through structured networking events and mentorship.

Join Our Team

Bright House Financial, LLC is looking for curious, creative, and solution-driven team players. Explore job opportunities that match your skills and interests. We value the unique contributions of each employee and are excited to see how your skills and ideas can help shape the future of our company.

Prepare for Your Interview

Ready to join our team? Prepare your resume to highlight your relevant experience and skills. Our interview process is designed to understand your capabilities and how they align with the goals of Bright House Financial, LLC. We look forward to learning about your professional journey and discussing how you can contribute to our team.

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Discover Bright House Financial, LLC

Explore the exciting and rewarding career opportunities at Bright House Financial, LLC. See what positions are available and how you can contribute to our mission of delivering exceptional financial services.

SEARCH BRIGHT HOUSE FINANCIAL JOBS

Join us at Bright House Financial, LLC, where your career is just as important to us as it is to you. Let’s build a brighter future together.
Learn more about Bright House Financial, LLC
Size
1,500 employees
Market Cap
$3.5 billion
Industry
Finance & Insurance
Net Income
-$1 billion
5 Year Trend
-7.1%
Revenue
$8.5 billion
NASDAQ
BHF
* Ladders Estimates

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