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Director & Actuary

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Date Posted: Aug 11, 2022

Location(s): Remote, US, 0 St.Louis, MO, US, 11330 Bridgewater, NJ, US, 8807 Tampa, FL, US, 33647 New York, NY, US, 10166 Irvine, CA, US, 92614 Wilmington, DE, US, 19807

Company: MetLife

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.

 

Role Value Proposition: 

 

The candidate who fills this role will be a senior leader within the Versant Health Finance team and the broader Supplemental Health Pricing team.  This position serves as our Versant Health Pricing Actuary for Versant’s Commercial Third Party, Government Routine and Government Medical Management business segments.  This role will develop pricing strategies across all segments, ensuring alignment of the strategy with financial goals.  This position also leads the relationship between our Underwriting partners.  This individual will be a key stakeholder in determining how to price for all non-lab, standard and ad-hoc service offerings by geographic market.    Serving in this role, this individual will need to react to what the market is requiring in order to be competitive and determine whether changes to the strategy needs to be made.  This includes making recommendations and providing the financial impact to alternatives. 

 

Key Responsibilities:

 

  • Lead pricing actuary for Versant Health pricing, including the development and implementation of pricing strategy in conjunction with Underwriting and CFO teams.
  • Support vision product development initiatives, including participation in product and contract design, developing assumptions and pricing models to price the new product features.
  • Be involved/fully engaged in customer specific pricing escalations.
  • Develop and maintain documentation on pricing strategies and underwriting guidelines for each segment, working in conjunction with the Underwriting team.
  • Work with CFO Financial Projection team in developing plan assumptions (sales, persistency, renewal rate, claim trend, loss ratios, etc.) and revising them monthly based on emerging experience and feedback from market segments.
  • Work with Network Development team to analyze and make financial recommendations on Versant Health’s network offerings, including lab model contracts, retail relationships, and provider fee schedules.
  • Stay abreast of competitive insights at local market level and adjust pricing strategy accordingly
  • Participate in industry studies and surveys to understand current market trends
  • Provide pricing and financial support to partners in Product, Sales, Underwriting, Operations and Implementation organizations.

 

Essential Business Experience and Technical Skills:

 

Required:

  • Bachelor’s degree in actuarial science, mathematics or related discipline
  • 5+ years of experience
  • Associate of the Society of Actuaries (ASA)
  • Strong technical skills and modeling capabilities: Advanced Microsoft Excel skills
  • Strong verbal and written communication skills.  Ability to solve complex problems, clearly explain results, and recommend solutions.

 

Preferred:

  • Fellow of the Society of Actuaries (FSA)
  • Proven leadership ability
  • Ability to develop and maintain strong relationships with internal and external partners
     

Residents of Colorado

The wage range for this position specific to Colorado is ($111,700-148,900). The role is eligible for incentive compensation under the MetLife Annual Variable Incentive Plan ("AVIP"). Your eligibility for and award of incentives are governed by the terms of the plan. MetLife offers a comprehensive benefits program that includes Medical, Dental, Life, Vision plus Retirement benefits and Paid Time Off.

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 #: 126284