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Actuary - Local Market Pricing Lead

Date Posted: Oct 16, 2021

Location: Bridgewater, NJ, US, 8807 New York, NY, US, 10166

Company: MetLife

Role Value Proposition: 

This role will be a critical part of a newly formed Local Market Finance team within US CFO to better align with the Regional Business organization. This team will interact directly with Sales & Underwriting and own accountability for pricing strategies and full oversight of strategic execution.

 

Key Responsibilities:  

  • Facilitate the process for monitoring, reporting and evaluating experience for 2 of the 6 regions within the less than 5,000 market.
  • Direct accountability for setting product pricing strategies (new business and renewal) to enable the business to achieve growth and profitability goals.
  • Direct accountability for identification, evaluation, implementation and monitoring of local market initiatives.
  • Collaborate with local market sales and underwriting leaders in evaluation of local market experience, identifying local market opportunities and implementing initiatives.
    • Gain deep understanding of local market objectives and external landscape
    • Explain key trends impacting business performance
    • Determine ideal segmentation of business for local market strategy evaluation
    • Measure initiative results, assess and communicate impact
  • Engage with Product Pricing teams to share local market understanding and positively influence manual rate development
  • Partner with Underwriting teams to achieve renewal rate targets and new business margins consistent with strategies

 

Essential Business Experience and Technical Skills: 

Required:

  • 5+ years of successful work experience leading a variety of group insurance/employee benefits functional responsibilities such as Product development/Pricing, Finance, and Underwriting.
  • Advanced analytical skills.
  • High degree of business and financial acumen including actuarial science.
  • Able to operate effectively in a highly matrix environment and drive sustainable results.

 

Preferred:

  • Undergraduate degree required, MBA or other advanced degree.
  • FSA certification.

 

Business Category

Financial Management Group

 

Number of Openings

3

 

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.

 

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

 

 

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 #: 119026