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Actuary - Product Innovation & Reinsurance Strategy

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Date Posted: Sep 14, 2022

Location(s): New York, NY, US, 10166 Bridgewater, NJ, US, 8807

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: 

 

Reporting to the VP of RIS R&D and Reinsurance, this Actuary position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of products, including pension risk transfer products, longevity reinsurance, GIC/Funding agreements, stable value products, structured settlements, Institutional Income Annuities and PRB & SBR Products.

 

The successful candidate will independently execute RIS product innovation and reinsurance strategy initiatives. The role will work closely with RIS business pricing teams and corporate functional partners, including reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations, and will be highly visible within the organization.

 

Key Responsibilities:

 

  • Development and execution of internal reinsurance initiatives and other strategic reinsurance and capital initiatives
  • Independently conduct financial modeling and pricing analysis for the reinsurance initiatives
  • Contribute to the efforts to improve capital efficiency and enhance the business value for RIS
  • Collaborate with Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other business functions
  • Communicate results to business partners and senior management

 

Essential Business Experience and Technical Skills:

 

Required:

  • Bachelor’s degree in actuarial science, math, statistics, economics, or related discipline
  • ASA required
  • 5+ years of insurance industry experience with comprehensive business knowledge
  • Strong financial modeling, analytical, and problem-solving skills
  • Good presentation and written communication skill
  • Good knowledge in reinsurance and capital framework
  • Ability to operate effectively in a highly matrixed environment

 

Preferred:

  • FSA or CFA preferred
  • Prior experience in ALM or Reinsurance is a plus
  • Strong knowledge in Retirement products
  • Strong knowledge in reinsurance and capital framework
  • Strong knowledge or ability to quickly learn, MetLife's processes and systems
  • Good understanding of income statement and balance sheet

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.

 


Nearest Major Market: New York City