Asset Modeling Consultant (Charlotte, NC (Hybrid) or Fully Remote)
Full Time
Charlotte, NC 28277
Posted
Job description
Req Id: 4168
Job location: Charlotte, NC, US, 28277
Where you'll work:
Our hybrid workplace model offers the freedom to work fully remote or occasionally in one of our offices. This is a remote position with a hybrid option for candidates based in Charlotte, NC.
How you'll contribute:
As a Asset Modeling Consultant you'll support the projection of general account assets for regulatory, operational, risk management, and strategic purposes. As a key contributor within the Asset Projections group of Investments ALM, the individual will aid in the development of appropriate investment guidelines and strategies to maximize statutory distributable earnings. The individual will assist with the evaluation of modeled and actual results including asset/liability match, scenario valuations, ad hoc risk efforts supporting enterprise risk frameworks and subsequent reporting to numerous stakeholders including Appointed Actuaries, regulatory authorities, rating agencies, and the Senior Leadership Team.
In this role, you'll get to:
We're looking for people who have:
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:
Travel:
Less than 5%
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 and create space for people to 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 proud to be a FORTUNE® 500 company** and recognized as one of Charlotte's Healthiest Employers by the Charlotte Business Journal. We're also honored to be named to Newsweek's inaugural list of America's Most Trusted Companies.
Job location: Charlotte, NC, US, 28277
Where you'll work:
Our hybrid workplace model offers the freedom to work fully remote or occasionally in one of our offices. This is a remote position with a hybrid option for candidates based in Charlotte, NC.
How you'll contribute:
As a Asset Modeling Consultant you'll support the projection of general account assets for regulatory, operational, risk management, and strategic purposes. As a key contributor within the Asset Projections group of Investments ALM, the individual will aid in the development of appropriate investment guidelines and strategies to maximize statutory distributable earnings. The individual will assist with the evaluation of modeled and actual results including asset/liability match, scenario valuations, ad hoc risk efforts supporting enterprise risk frameworks and subsequent reporting to numerous stakeholders including Appointed Actuaries, regulatory authorities, rating agencies, and the Senior Leadership Team.
In this role, you'll get to:
- Maintain / operate asset modeling platform used for projecting Insurance Company general account assets
- Extract, scrub, and load investment position data and security attributes from source systems to projection tools
- Deliver accurate and efficient asset projections to internal business partners including Actuarial, Treasury, and Finance in support of regulatory testing, capital, valuation, pricing, and planning
- Develop attribution reports to monitor asset projections identifying drivers of variance, reasonableness checks / reconciliations to ensure projection integrity
- Automate / streamline processes to improve efficiency and enhance governance / controls
- Assist with the evaluation / implementation of new asset projection systems including back-testing of results and integration with downstream processes
- Partner and work collaboratively within the organization to help identify executable strategies that increase statutory distributable earnings while mitigating / vetting unintended consequences
- Optimize results for cash flow testing, risk-based capital, loss recognition, and market related economic capital models. For example, partnering with Actuarial and selecting appropriate assets to support tests including notionally selecting cusips among portfolios to minimize capital needs.
- Support Actuarial with investment yields used in calculation including interest credited rates, dividend rates, and rates used for sales illustration purposes. Help develop and provide appropriate reinvestment strategy for actuarial testing.
- Calculate metrics, perform risk attribution, and conduct sensitivity analysis on the asset portfolios, including such metrics as yields, duration, convexity, key rate and partial duration
- Perform other related analysis / activities as required
We're looking for people who have:
- 3+ years of related asset modeling / strategic risk management experience in insurance / finance industry
- Strong analytical skills and attention to detail a must
- In-depth understanding of fixed income, derivatives, and alternative asset classes
- Exposure to investment analytics / projections systems such as Aladdin, Bloomberg, BondEdge, etc
- Advanced data and programming skills, preferably with Python and SQL
- Effective written and oral communication skills; ability to convey technical concepts to non-technical audiences
- Ability to develop solutions to complex problems while balancing competing priorities in a fast-paced environment
- Undergraduate degree in related discipline preferred, advanced degree and/or CFA/other industry designation a plus
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 $85,000 to $105,000 plus competitive performance-based incentives determined by company and individual results
- Flexible Work Environment - Work fully remote or occasionally 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 reimbursement 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
Travel:
Less than 5%
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 and create space for people to 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 proud to be a FORTUNE® 500 company** and recognized as one of Charlotte's Healthiest Employers by the Charlotte Business Journal. We're also honored to be named to Newsweek's inaugural list of America's Most Trusted Companies.
- Ranked by 2020 admitted assets. Best's Review®: Top 200 U.S. Life/Health Insurers. A.M. Best, 2022.
PI189068006
colinoncars.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, colinoncars.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, colinoncars.com is the ideal place to find your next job.