Head of Strategic Actuarial Initiatives - Brighthouse Financial

Date Posted: Feb 6, 2017

Location: Charlotte, NC, US, 28277

Company: MetLife

PositionHead of Strategic Actuarial Initiatives - Brighthouse Financial

 

Job Location: Charlotte, NC

 

Role Value Proposition:  The Head of Strategic Actuarial Initiatives role is a new position being created for managing the strategic initiatives associated with minimizing the risk and maximizing the cash flows related to the inforce business of Brighthouse, part of the separation of the U.S. Retail business as a standalone company with US$200 billion plus of assets and capitalization of US$10 billion plus. This position will manage and oversee all aspects of the initiative workstreams focused on the inforce business. He or she will also have responsibility for managing the individual who will be the industry liaison monitoring emerging accounting, actuarial and business developments that may potentially impact the new company.  

 

Key Responsibilities:

  • Review all categories of inforce business to identify specific initiatives focused on minimizing risk and maximizing cash flow
  • Provides strategic leadership and oversight of initiatives identified to minimize the risk and maximize the cash flow of the inforce block of business,
  • Develop an analytics package that will be provided to the Chief Actuary and CFO that monitors the execution of the initiatives and the financial gains associated with those initiatives
  • Provides technical guidance to the management team in establishing and achieving financial objectives for the inforce block aligned with the risk appetite framework of the company
  • Provide leadership and direction to the Emerging Issues Actuary regarding actuarial, accounting and business developments we should monitor.

 

Essential Business Experience and Technical Skills:

  • In depth knowledge of actuarial pricing theories, practices and related analyses
  • Proven track record as a broad and respected leader, adept at leveraging technical skills to address business issues and fulfill financial objectives.
  • Clear understanding of risks and opportunities associated with various product categories in order to identify meaningful initiatives to minimize risk and maximize cash flow
  • Strategic thinker, with proven ability to balance the short and long term needs of the organization
  • Skilled communicator with strong ability to translate complex technical language into simple terms
  • Strong interpersonal skills and ability to build consensus through collaborative partnering
  • research, statistical reporting, state filings & approvals, information systems, and development of standards and methodsresearch, statistical reporting, state filings & approvals, information systems, and development of standards and methods. 10+ years of relevant industry experience
  • Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related field
  • Fellow of the Society of Actuaries and Member of the American Academy of Actuaries

 

Leadership Competencies:

  • Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.
  • Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Seizes Opportunity – Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.
  • Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.


Key Relationships:

  • Reports to: Chief Actuary
  • Direct reports/team: Emerging Issues Lead
  • Key Stakeholders: CFO, Management Team

 

 

MetLife:

MetLife, through our subsidiaries and affiliates, is one of the largest life insurance companies in the world. Founded in 1868, we are a global provider of life insurance, annuities, employee benefits and asset management. Our employees serve approximately 100 million customers, individuals and businesses, including over 90 of the FORTUNE 100®. 

 

We are ranked #40 on the Fortune 500 list and #48 on the Forbes Global 500 list. We have operations in nearly 50 countries, and hold leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. We are also one of the largest institutional investors in the U.S. with an over $500 billion general account portfolio as of December 31, 2015. 

 

In 2015, FORTUNE Magazine’s World’s Most Admired Company survey named us #1 in the Life and Health Insurance industry. In 2016, we were named to the Dow Jones Sustainability Index (DJSI) for the first time. DJSI is a global index to track the leading sustainability-driven companies.

 

While we have tremendous respect for the past, we are a company firmly focused on the future. To adapt to a changing world, we are undergoing one of the most dramatic transformations in our history to reinvent how we do business so we can thrive in any environment. We are moving away from a traditional product-development model to one driven by customer insights. We are challenging historical norms by humanizing our industry and designing every customer experience to reflect the modern company we’re becoming. Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life’s twists and turns.

 

At the center of our business strategy is a commitment to One MetLife – collaborating, sharing best practices, and recruiting, developing and retaining the best talent in the industry. We live by our values:  Put Customers First, Be the Best, Make Things Easier, and Succeed Together. They guide how we operate every day. 

 

In January 2016, MetLife announced a plan to pursue separation of a substantial portion of its U.S. Retail segment. The new company would represent, as of September 30, 2015, approximately 20% of the operating earnings of MetLife and 50% of the operating earnings of MetLife’s U.S. Retail Segment. The new company would have approximately $240 billion of total assets with its largest operating company, MetLife USA being one of the largest life insurers in the U.S. with GAAP equity of approx. $12 billion as of September 30, 2015, similar in size to Lincoln Financial.

 

The new company will be focused on securing clients’ financial futures by providing the best value, advice based solutions. Building upon the current U.S. Retail culture, the new company will be guided and operated by a common set of values that will focus on accountability, external and customer focus, collaboration and a strong focus and discipline on cost management.

 

 

 

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.

 

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Nearest Major Market: Charlotte