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Senior Contract Development Analyst

Date Posted: Oct 3, 2021

Location: Wilmington, DE, US, 19801

Company: MetLife

Role Value Proposition: 

Develops and issues group policy contracts and amendments in order to achieve all regulatory compliance for international insurance products marketed by MetLife Worldwide Benefits Business. Performs forms filing and negotiates form approval with various state insurance agencies.  Also consult with actuarial, legal, sales, marketing, underwriting, claims and administrative staff to identify product specifications and issue requirements in connection with product development, product updates and changes in laws and regulations.

    

Key Responsibilities:

  • Plays a supporting role within the Worldwide Benefits UW & Contracts Department, providing support in implementing new business and renewal contract issuance.
  • Primary responsibility is for issuance of policies to new expatriate clients and amendments and riders to contracts with existing clients.
  • Develops and analyzes moderately complex contracts and related forms and reviews applicable laws and regulations to determine variations in forms, laws, and requirements.
  • Learns aspects of generating group contract documents and maintains adequate file documentation according to procedures.
  • Process, cancel and update all related items as necessary in non-renewal of contracts.
  • Researching and responding to Underwriter questions.
  • Provide training to all new employees.
  • May participate in the analysis of product plan designs and provisions to ensure contract accuracy.
  • May provide technical support in the analysis of new product ventures and contract-related analyses required for due diligence activities.
  • Consults with customers and insurance departments seeking compliance for Worldwide Benefits contracts.
  • Responsible for accuracy and integrity of databases used for compiling filing requirements, creating filing support documentation, and monitoring filing activities.
  • May assist senior management in analyzing proposed and enacted laws and regulations to identify required compliance activities.
  • Assists analysts administrative aspects of generating basic contract documents and maintaining filing documentation.
  • Exercises analytical and research skills to analyze and validate regulatory comments during approval process
  • Perform other related duties as assigned or required

 

Essential Business Experience and Technical Skills:

Required:

  • 3-5+ years of professional experience
  • Strong Customer Focus
  • Broad knowledge of the regulatory landscape
  • Demonstrated experience conducting and effectively summarizing research
  • Must have ability to work cross-functionally with peers and leaders from various lines of business as well as external agencies
  • Intermediate to advanced Microsoft Office software skills – Word, Excel, and PowerPoint
  • Strong written and oral communication skills
  • Ability to effectively analyze and synthesize complex information
  • Experience navigating a matrixed business environment
  • Strong understanding of insurance industry, product lines, and policy provisions
  • Moderate knowledge of policy form filing requirements
  • Moderate knowledge of contracts


Preferred:

  • Bachelor’s degree strongly preferred
  • Exposure to group benefit products and/or public sector/regulatory stakeholders a plus
     

Travel

0-5%

 

Business Category

US Business

 

Number of Openings

1

 

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

 

MetLife:

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 help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

 

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." 

       

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.  Visit us at www.metlife.com to learn more about our brand, history, and values. 

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711.

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

MetLife maintains a drug-free workplace.

 

Requisition #: 117943

 


Nearest Major Market: Wilmington
Nearest Secondary Market: Philadelphia