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Actuarial Analyst

Date Posted: Sep 3, 2021

Location: Bridgewater, NJ, US, 8807

Company: MetLife

Role Value Proposition: 

Specialized Benefit Resources (SBR) is a unit within RIS Life Products comprised of its own Sales, Actuarial (Product Management), Client Management, Financial Management, SA Investment, and Business System areas.  AUM for SBR is over $20B, and the sales goal for 2021 for SBR is $475M of new premium.  SBR sells Corporate-Owned Life Insurance /Bank Owned Life Insurance (COLI/BOLI) to corporations, and COLI/BOLI is used to fund corporate liabilities such as NQDC, Supplemental Executive Retirement Plans (SERP), medical coverage, group life and other post-employment benefits (OPEB). 

 

The Actuarial (Product Management) team within SBR consists of a highly skilled group of actuaries and non-actuaries working on technical issues relating to COLI/BOLI insurance products. 

 

Key Responsibilities:  

  • Contribute technically on issues relating to the COLI/BOLLI products by performing various tasks during the sales process and throughout the life of the contract,
  • Responsible for pricing, stable value wrap modeling, liquidity modeling/monitoring and stable value crediting rate resets.
  • Interact with others within the Actuarial team, SBR and MetLife (and it’s not part of the actuarial student rotation program).

 

Essential Business Experience and Technical Skills:

Required:

  • 3 years relevant experience in an actuarial department.
  • Knowledgeable on universal life (UL) and variable universal life (VUL) contracts, including determination of charges and crediting rates.
  • Proficient in Microsoft Office Suite (particularly Excel and macros), experience with mainframe systems and internal software programs.

 

Preferred:

  • Bachelor’s degree in Math, Finance, or Actuarial Science.
  • Actuarial Exams are preferred, but not required. 
  • Knowledge of insurance products, actuarial concepts and actuarial calculation methodologies.
  • Excellent analytical and mathematical skill set.
  • Able to work effectively both independently and as a team player.
  • Strong verbal and written communication skills, particularly on technical matters, is desired.
  • Able to complete tasks with minimal supervision and proactively resolve roadblocks to completion.

 

Business Category

Retirement & Income Solutions

 

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 #: 118306