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Senior Contract Development Consultant

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Date Posted: Jul 27, 2022

Location(s): Bridgewater, NJ, US, 8807

Company: MetLife

Role Value Proposition

For over 150 years, MetLife has continuously sought to make a meaningful impact in the lives of our customers and our communities.  Today, MetLife continues its purpose “Always With You, Building a More Confident Future”. 

 

The Retirement & Income Solutions (“RIS”) business is part of MetLife’s U.S. Business.  RIS delivers business-to-business retirement and benefit funding solutions in specialized financial and insurance markets.  RIS is a leading provider of stable value products, structured settlements, annuities for employer sponsored plans and life insurance funding products. As part of the RIS Life Products organization, this role works closely with the pricing/actuarial team, sales, separate account operations, client services and legal teams to issue contracts and related documents for new and existing customers.

  

This role is the business subject matter expert responsible for project management of contractual documents provided to customers, functions include issuing forms (contracts, amendments, endorsements, private placement offering memorandum, letter of understanding) and managing contract-related projects for the RIS Life Products organization.  

 

Key Responsibilities: 

  • Prepare complex, customized contracts, private placement offering memoranda (“PPOM”), and letters of understanding (“LOU”)  for prospective COLI/BOLI and Post Retirement Benefit (“PRB) opportunities in a fast-pace deadline driven environment.
  • SME business support to RIS Contracts to on contract forms and Explanation of Variability (EOV)
  • Coordination, issuance and ongoing amendment changes to Letters of Understanding (LOU).
  • SME business support to RIS Contracts team with responses to insurance regulators’ questions and requests on filings.
  • Analyze proposed and enacted state regulations to determine impact to business (ACTS notices).
  • Primary business relationship to the RIS Contracts team to secure timely approvals that address product and compliance needs.
  • Provide technical support in analysis of critical new product ventures.
  • Prioritize and manage workflow for contract issuance and amendments.
  • Maintain gold copy library of issued contracts and related documents.
  • Create and maintain business procedures.
  • Provide training and technical support to team members and partner organizations.
  • Demonstrate a high level of impact and influence when collaborating with other internal MetLife departments.
  • Research and respond to internal and external customer questions regarding contract features and compliance. 
  • Coordinate cross-functional projects; lead and assist on special initiatives requiring project management skills, as required.
  • Collaborate with team to develop and maintain best practices from an efficiency and governance point of view.

 

Essential Business Experience and Technical Skills:

 

Required:

  • Group and individual variable life, universal life and term life insurance experience.
  • Proficient in MS Word, Excel, PowerPoint, and Nitro.
  • Strong analytical, problem solving and research skills to handle complex issues.
  • Attention to detail, organizational skills and the ability to multitask.
  • Self-motivated, flexible and enthusiastic.
  • Excellent oral and written communication skills with ability to engage constructively with associates of various disciplines and levels as well as with insurance department regulators.
  • Outcome-focused and deadline oriented.
  • Ability to interact and work collaboratively and constructively with people at various levels within RIS.
  • Strong interest in identifying opportunities for continuous improvement, including digital/automated business solutions, integrating technology and process improvements.
  • Advanced level of contract knowledge, technical writing skills and understanding of the insurance industry and product lines.
  • Knowledge of the regulatory requirements and procedures for the development and filing of compliant contract forms associated with group and individual life business.
  • Strong customer focus.

 

Preferred:

  • Bachelor's degree or equivalent business experience.
  • Paralegal or similar legal experience.
  • 6-8 years of life insurance contract development, compliance, legal or relevant business experience.
  • Knowledge of the qualified and non-qualified plan marketplace and retirement and savings benefit programs.

 

Business Category

U.S. Business_31294

 

Travel

0%

 

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.

 

 

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 #: 127458