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Asset Modeling Consultant

Posted on Aug 11, 2019 by Brighthouse Financial

Charlotte, NC 28201
Accountancy
Immediate Start
Annual Salary
Full-Time

Brighthouse Financial is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S., we specialize in products designed to help people protect what theyve earned and ensure it lasts. We are built on a foundation of experience and knowledge, which allows us to keep our promises and provide the value they deserve.

At Brighthouse Financial, were fostering a culture where diverse backgrounds and experiences are celebrated, and different ideas are heard and respected. We believe that by creating an inclusive workplace, were better able to attract and retain our talent, provide valuable solutions that meet the needs of our advisors and their clients, and deliver on our mission of helping more people achieve financial security. Were seeking passionate, high-performing team member to join us. Sound like you? Read on.

How This Role Contributes to Brighthouse Financial:

Reporting to the Head of Asset Modeling, the Asset Modeling Consultant at Brighthouse Financial is responsible for supporting the asset modelling efforts within the General Account Asset/Liability Management (ALM) team. The Asset Modeling team is responsible for projecting future asset cash flows and values and is responsible for collaborating with senior officers from Actuarial, Finance, the Lines of Business, Investments, and other areas to develop an understanding of invested assets and influence investment strategy, primarily through the ALM Committee structure, as well as assessing the appropriate economic and statutory capital requirements associated with market risk. This position is also responsible for assisting with evaluation of hedging strategies.

Key Responsibilities:

  • Deploy and operate asset modelling systems for projection of cash flow and income from investment and derivative portfolios for use in ALM, Treasury, Actuarial, and Finance processes
  • Practice sound governance around decision making and implementation of asset modelling tools in a centralized, efficient framework
  • Perform sensitivity analysis on results from Strategic and Tactical Asset Allocation and hedging work to reasonable alternate asset, liability, and economic assumptions to ensure optimal strategies are selected
  • Deploy and operate asset modelling systems for projection of cash flow and income from investment and derivative portfolios for use in ALM, Treasury, Actuarial, and Finance processes
  • Practice sound governance around decision making and implementation of asset modelling tools in a centralized, efficient framework
  • Work with General Account ALM and Investments teams to monitor and analyze investment strategies and portfolio repositioning to optimize the company's risk/return profile from a Strategic or Tactical Asset Allocation perspective
  • Work with General Account ALM and Investments teams to evaluate hedging impacts of derivative instruments implemented as a principal strategy or an overlay to any new or existing portfolio
  • Maintain a database of historical data and update model parameters and constraints to recommend alternative optimum asset allocations across major asset classes, subclasses and exposures
  • Generate asset projections in support of liquidity management
  • Generate asset projections in support of cash flow testing, risk-based capital, valuation, and loss recognition
  • Calculate income/yield projections in support of financial forecasting process
  • Work with Investments on day-to-day implementation of asset allocations for portfolios
  • Work with other General Account and Variable Annuity ALM team members to coordinate enterprise reporting and develop a consistent view of ALM outputs and assist with related efforts from broader Treasury, Actuarial, Finance, and Risk groups
  • Provide analytical support to ALM committees to assess success of the Strategic/Tactical Asset Allocation and hedging portfolios from investment performance and business perspectives
  • Support completion and timely delivery of materials for quarterly Board meetings
  • Monitor industry best practices, including practitioner and academic research, related to asset allocation to better inform the ALM and investment processes
  • Support internal Treasury & ALM initiatives
  • Perform other related activities as required

Essential Business Experience and Technical Skills:

    3+ years of experience with increasing responsibilities in an asset modelling, investment or actuarial function Knowledge of asset and derivative modelling techniques Experience with asset modelling software such as BondEdge, Aladdin, Bloomberg etc. Proficient in MS Excel, Word, and PowerPoint Experience in life insurance industry with focus on ALM and financial modelling concepts is preferred Strong written and oral communication skills; ability to convey technical concepts to non-technical audiences Must have strong ability to make decisions; ability to consider multiple aspects while making business decisions Strong interpersonal and project management skills Actuarial exam progress

Reference: 744310125