Associate Actuary - Annuities & Reinsurance at MetLife in New York, United States

Job description

• The Retirement & Income Solutions (RIS) Annuity business is seeking an Associate Actuary. Retirement and Income Solutions (RIS) provides guaranteed income to individuals in a predictable and low risk way and helps companies reduce their risk and remain financially strong. The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of risk solutions, investment and annuity-type products, including US Pensions, Structured Settlements and Institutional Income Annuities which make up the Annuities business.
• The successful candidate will provide actuarial, pricing, and technical support to the Annuity business teams by evaluating and implementing reinsurance opportunities. This role will support all annuity businesses seamlessly and flexibly where and when support, leadership, and analysis is needed.
• This position interacts closely with all areas of RIS, including R&D, Pricing Frameworks, Product, Contracts, Operations, as well as with enterprise stakeholders such as Reinsurance, Finance, Actuarial, Risk, Investments, and Legal.

Responsibilities

• Perform actuarial, pricing, financial, and technical analysis to support reinsurance opportunities for new and inforce business.
• Partner with R&D and Pricing Frameworks teams to perform model updates, validation, and documentation
• Develop future-state operating model for the Annuity Pricing teams for live reinsurance pricing including post-sale procedures & requirements; identify & incorporate all stakeholders required for seamless implementation & administration
• Drive implementation of reinsurance within Annuity Pricing teams by ensuring models and calculations are embedded into broader pricing processes; ensure robust training and documentation
• Support non-reinsurance BAU as priorities dictate; includes pricing and profitability analysis of individual cases/sales in all Annuity businesses, analyzing experience, recommending process improvements & automation, and partnering cross-functionally on projects

Requirements

• Bachelor's degree in mathematics, statistics or actuarial science or related discipline
• 3-5 years actuarial experience, including at least 2 years with reinsurance experience
• ASA/Pre FSA designation on Society of Actuaries is preferred.
• Strong quantitative and communication skills. Able to concisely present orally and in presentations, to both technical and non-technical audiences.
• Strategic and analytical thinker with ability to focus on details. Able to quickly spot issues and develop a recommended approach.
• Self-starter with ability to effectively manage and supervise multiple projects and priorities simultaneously
• Strong computer skills (Excel, Access, Visual Basic, Prophet)
• Excellent analytical and spreadsheet skills
• 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 $97,400 - $129,800. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.

Skills

Required

• Strong communication skills
• Strategic and analytical thinker
• Self-starter
• Ability to manage multiple projects
• Excel
• Access
• Visual Basic
• Prophet

Benefits

• 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, paid time off, paid holidays, volunteer time off, tuition assistance and much more! For more information regarding MetLife’s U.S. benefits, please click here.