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

About the role

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. 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.

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.
• 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.

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.
• Strong ability to make decisions; ability to consider multiple aspects while making business decisions.