Description and Requirements
MetLife HR Job Title: Associate Actuary
The Retirement & Income Solutions (RIS) Annuity business is seeking an Senior Actuarial Associate. Reporting to the Director, Institutional Income Annuity Pricing, this role will provide actuarial and technical expertise for the Institutional Income Annuity (IIA) business. The IIA pricing team is a diverse team of financial professionals utilizing business acumen and financial expertise to create innovative solutions that address our groups customers' retirement income needs. This position interacts closely with all areas of RIS, including Product, Sales, Contract, Operations, as well as with enterprise stakeholders such as Finance, Actuarial, Risk, Investments, and Legal.
Key Responsibilities:
- Perform actuarial, pricing, financial, and technical analysis to supports new & existing business pricing, benefit calculations & operational support, and Sales/Marketing support
- Work with the business on the design and pricing phase for strategic initiatives and RFPs. Independently create custom pricing models, perform assumption reviews, and conduct sensitivity testing.
- Calculate new business pricing results. Provide explanations for deviations & make recommendations on how to address.
- Identify and implement process and documentation improvements, automation, and optimization for new business and inforce pricing-related activities
- Clearly and concisely communicate pricing & calculation results to business and pricing leadership, in both written and oral fashion
- Collaborate with IT to support in-force business management, existing quoting platforms and other emergent technology platforms. Perform leadership role within the Agile team on pricing-related calculations, testing, and strategic improvements
- Lead with RIS Operations to support in-force business including benefit calculations and other business administration needs.
Required:
- Bachelor's degree in mathematics, statistics or actuarial science or related discipline
- 5+ years actuarial experience, including at least 2 years with Annuity and/or Pricing experience
- ASA/Pre FSA designation on Society of Actuaries
- Strong quantitative and communication skills. Able to concisely present orally and in presentations.
- 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
Preferred:
- ASA designation with Society of Actuaries
The salary range for applicants for this position is $93,600 - $124,800.
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 2024 "World's Most Admired Companies" as well as the 2024 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 empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
Equal Employment Opportunity/Disability/Veterans
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.
$93,600 - $124,800
#BI-Hybrid
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What the Team is Saying
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What We Do
Named one of Fortune’s “World’s Most Admired Companies,” MetLife is leading the global transformation of an industry we’ve defined for more than 150 years. At MetLife, every innovation and line of code is a lifeline for our customers and their families—from victims of natural disasters to people living with disabilities and beyond. With operations in more than 40 markets and leading positions across the globe, MetLife’s building a workforce of diverse and empowered voices that all belong. Join our remarkable journey—one in which you help write the next century of innovation in financial services—because with MetLife, making the world a better place is All Together Possible.
Why Work With Us
At MetLife, you’ll be working for a company whose purpose is to help customers throughout their life’s journey, and often in their most critical time of need. You’ll be a part of developing leading-edge platforms that will have a lasting impact on the lives and well-being of tens of millions of customers.
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Hybrid Workspace
Employees engage in a combination of remote and on-site work.
MetLife's current workplace policies classify roles as Office, Hybrid or Virtual based on the nature of work, encouraging new ways of working together
