Director Product Management & Underwriting

Job Location: United States : New Jersey : Bridgewater

Work Arrangement: Hybrid

Role Value Proposition

The Specialized Benefit Resources (BOLI/COLI) unit within the Retirement & Income Solutions (RIS) business is seeking a Director, a key and highly visible leadership role.  Reporting to the Assistant Vice President, SBR Actuarial, this role leads a team responsible for underwriting new sales and managing the inforce block of business.  This position is also responsible for tax compliance testing of SBR contracts.  

This position interacts closely with all areas within SBR, including Sales, Client Services, Technology, Operations and Funds, as well as with business partners such as Finance, Actuarial, Risk, Investments, Legal and Tax.

Key Responsibilities

• Leads a team responsible for underwriting new sales and financial underwriting of prospective new clients.
• Responsible for tax compliance testing of contracts at issue and on an ongoing basis, including definition of life insurance requirements (death benefits above IRS minimums), premium limits for non-MEC contracts (annual premium cases) and testing of impact on Inforce cases due to face amount increases/decreases and withdrawals.
• Inforce management responsibilities including experience rating calculations for participating cases, determination/submission of dividend scale for board approval, crediting rate re-set’s for GA cases and SV wrapped contracts, Stable Value contract monitoring (e.g., corridor adjustments and concentration limits), and liquidity modeling projections/recommendations for contracts invested illiquid funds.
• General support to client services on inforce cases including ensuring compliance with contractual provisions and providing guidance to servicing and explanations to brokers/clients.
• Collaboration with Finance on financial plans and projections, including assumption-setting and analysis of actual vs expected results.
• Identify opportunities to strengthen/improve processes and build efficiencies.

Essential Business Experience and Technical Skills (5 -7 bullets)
Required:

• Bachelor's degree in mathematics, statistics or actuarial science or related discipline.  
• 10+ years actuarial or financial experience.
• Proven experience managing, training, mentoring, and developing associates
• Strong quantitative and communication skills.
• Able to concisely present orally and in presentations.  
• Self-starter with ability to effectively manage and supervise multiple projects and priorities simultaneously. 

Preferred:

• ASA or FSA with Society of Actuaries.

• Life Insurance product experience.

Assignment Category

Full-Time Employee

Travel

0-5%

Business Category

U.S. 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.

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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.

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