The Actuary role focuses on developing and implementing pricing models, analyzing regulations and reinsurance strategies, and collaborating with various financial teams to enhance RIS products and optimize shareholder value.
Description and Requirements
Overview
We are seeking a proactive, innovative, data-driven, creative thinker who thrives in a dynamic environment and connects the dots across complex business processes. This position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). Key projects may include modeling new regulatory frameworks and their impacts on RIS products, developing new pricing models for new product development initiatives, and working on capital management related initiatives.
The role provides an opportunity to drive and execute these initiatives independently by working closely with various teams (including but not limited to reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations). This is a highly visible role within the organization and can provide an excellent opportunity for career and knowledge growth while driving significant shareholder value.
Key Responsibilities
New & emerging regulatory frameworks - Analyze and assist in developing strategy for implementation of new regulatory frameworks (ex. Principle-based reserving (PBR)) for RIS products; Analyze current ALM, reinsurance and pricing strategies under new regulatory frameworks and partner with relevant teams to implement new frameworks into pricing models
Reinsurance strategy - Buildfinancial models to help analyze different reinsurance strategies for RIS products utilizing affiliate and third-party reinsurance vehicles
New product development - BuildPricing models & early product assessments for new RIS growth markets, with a particular focus on longevity reinsurance, funded reinsurance, and retail annuity reinsurance
Stakeholder collaboration - Collaboratewith Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other relevant business functions to ensure timely completion of key initiatives; Conduct financial modeling and pricing analysis for the reinsurance and product development initiatives
Qualifications
• Bachelor's degree in actuarial science, math, statistics, economics, or related discipline
• ASA with 5+ years of insurance industry experience
• Strong financial modeling, analytical, and problem-solving skills
• Ability to operate effectively in a matrixed environment
Preferred:
• Prior experience in innovation or launch of new products/markets
• Experience in institutional products
• Functional experience in R&D or ALM or Reinsurance
Location Expectation: This is a hybrid role requiring a minimum of 3 days per week in office.
The expected salary range for this position is $95,500 - $127,300. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World's 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
If you need an accommodation due to a disability, please email us at [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
$95,500 - $127,300
#BI-Hybrid
Overview
We are seeking a proactive, innovative, data-driven, creative thinker who thrives in a dynamic environment and connects the dots across complex business processes. This position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). Key projects may include modeling new regulatory frameworks and their impacts on RIS products, developing new pricing models for new product development initiatives, and working on capital management related initiatives.
The role provides an opportunity to drive and execute these initiatives independently by working closely with various teams (including but not limited to reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations). This is a highly visible role within the organization and can provide an excellent opportunity for career and knowledge growth while driving significant shareholder value.
Key Responsibilities
New & emerging regulatory frameworks - Analyze and assist in developing strategy for implementation of new regulatory frameworks (ex. Principle-based reserving (PBR)) for RIS products; Analyze current ALM, reinsurance and pricing strategies under new regulatory frameworks and partner with relevant teams to implement new frameworks into pricing models
Reinsurance strategy - Buildfinancial models to help analyze different reinsurance strategies for RIS products utilizing affiliate and third-party reinsurance vehicles
New product development - BuildPricing models & early product assessments for new RIS growth markets, with a particular focus on longevity reinsurance, funded reinsurance, and retail annuity reinsurance
Stakeholder collaboration - Collaboratewith Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other relevant business functions to ensure timely completion of key initiatives; Conduct financial modeling and pricing analysis for the reinsurance and product development initiatives
Qualifications
• Bachelor's degree in actuarial science, math, statistics, economics, or related discipline
• ASA with 5+ years of insurance industry experience
• Strong financial modeling, analytical, and problem-solving skills
• Ability to operate effectively in a matrixed environment
Preferred:
• Prior experience in innovation or launch of new products/markets
• Experience in institutional products
• Functional experience in R&D or ALM or Reinsurance
Location Expectation: This is a hybrid role requiring a minimum of 3 days per week in office.
The expected salary range for this position is $95,500 - $127,300. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World's 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
If you need an accommodation due to a disability, please email us at [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
$95,500 - $127,300
#BI-Hybrid
Top Skills
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Financial Modeling
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