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Actuary

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Date Posted: May 6, 2022

Location(s): New York, NY, US, 10166

Company: MetLife

Role Value Proposition:

Reporting directly to the RIS AVP for New Business and Emerging Issues, the Actuary will be the primary point of contact for valuation of UK longevity reinsurance (UKLR) and its implementation.  This role will be in-charge of building out GAAP (including LDTI) and STAT reporting processes for UKLR, as well as coordinate with the team in Global Actuarial Modeling (GAM) in building the UKLR model in Prophet.

 

Key Responsibilities:

  • End-to-end review of valuation process for UKLR, from data feed from admin system to Prophet calculation engine to output and reporting of results to the GRR
  • Build out of process controls for the UKLR valuation process
  • Review of seriatim data elements as inputs to the UKLR model in Prophet (primarily MPF changes period to period and impact on reserves)
  • Underwriting analysis, with goal to set the tolerance for unexplained to near 0
  • Ensure COLA step-ups have been applied properly between MPF vs cash flow projections
  • Ensure reserves are consistent with payables/receivables
  • DAC and SOP 03-1 calculations
  • Oversight of monthly valuation runs
  • Review of GAM model updates and sign-off they are appropriate or reasonable

 

Essential Business Experience and Technical Skills:

Required:

  • 8+ years of experience within a finance or actuarial function
  • Knowledge of Prophet modeling software
  • Knowledge on retirement products and applicable statutory regulations and GAAP standards
  • Excels at fostering teamwork and working with associates from within and outside RIS Actuarial
  • Strong communication and presentation skills

 

Preferred:

  • Near or recent Fellow of the Society of Actuaries (FSA) preferred, or career ASA

 

Business Category

FMG – Corp Benefit Funding Actuarial

 

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 #: 125283

 


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