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Senior Actuarial Consultant

Date Posted: Apr 4, 2018

Location: Bridgewater, NJ, US, 08807

Company: MetLife

Job Location: United States : New Jersey : Bridgewater

Alternate Job Location : United States : Connecticut : Bloomfield  

 

Role Value Proposition: 

This position is a key financial member of the LTC Pricing team responsible for analyzing experience, setting experience-based pricing assumptions, and working with different levels of management, ERM, and auditors to attain approval. These changes in assumptions:

  • Drive ratemaking in LTC rate filings to state insurance departments
  • Are the basis for financial statements and reporting for the line
  • Lead to the development of AAT, loss recognition testing, and other financial uses.

 

The key functions directly change the bottom line of the company and are the basis for all financial reporting. The position is most useful in understanding the whole of the continuum of the actuarial process from experience to pricing to financial reporting.

 

Key Responsibilities:

  • Assemble and analyze historical LTC experience.
  • Understand the administrative and valuation data structure. Use the Triton system to assemble the data and the assumptions to run Triton projections. Using the Triton output, develop the target premiums, claims and reserves for the rate action filings, as well as for the LTC business plans and projections.
  • Develop and submit actuarial memoranda for the LTC rate action filings. Respond effectively to all state correspondence.
  • Work with LTC product management, Contracts and regulators to achieve approval and implementation of all LTC rate action filings.
  • Produce any required annual reporting and regulatory filings related to LTC rate increases.
  • This role will work with partners at different levels throughout the organization to create accurate financial statements and working models for other GAAP and Statutory uses. Additionally, the LTC knowledge base acquired here is useful to business and corporate partners across the company.

 

Essential Business Experience and Technical Skills:

Required:

  • Actuarial student or near-FSA.
  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or related discipline.
  • Demonstrates strong systems and technical expertise.
  • Knowledge of Excel is required, knowledge of Access is desired.

 

Preferred:

  • Excellent analytical, mathematical, and organizational abilities.
  • Strong verbal and written communication skills.
  • Demonstrates strong organizational and time-management skills.
  • Experience with state regulatory filings for health insurance products is a plus.

 

Business Category

LTC Pricing

 

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 is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on 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.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 95689 


Nearest Major Market: New Jersey