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Contract Development Consultant

Date Posted: Apr 15, 2021

Location: New York, NY, US, 10166

Company: MetLife

Work from Home: Yes

Role Value Proposition: 

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 Contracts team this role works closely with the product, sales and legal teams to develop and file contracts and related documents for new and existing products.

 

This role is primarily responsible for developing, filing with regulatory authorities, and issuing forms for the RIS organization. Forms primarily include contracts, amendments, certificates, letters of agreement, and separate account memoranda of operations.

 

Key Responsibilities:  

  • Prepare filing submission documentation, prepare responses to insurance regulators’ questions and requests, and negotiate approvals with state insurance departments. Establish a good working relationship with insurance regulatory personnel to secure timely approval that addresses product and compliance needs.
  • Support regulatory filings, using primarily the SERFF (including Interstate Insurance Compact) electronic filing systems and recordkeeping requirements for the group.
  • Develops and issues forms ranging from moderately complex product structures to very complex and hybrid product structures to support new and existing products within RIS.  Determine variations in forms to ensure compliance with applicable laws and regulations.
  • Assist in the analysis of proposed and enacted laws and regulations to identify required compliance activities.
  • Provide technical support in analysis of new product ventures and due diligence.
  • Collaborate with internal business partners to identify product specifications, contract and legal requirements, form filings and product use availability.
  • Research and respond to internal and external customer questions regarding contract features and compliance. 
  • Participate in special compliance, product development, and team projects on an as needed basis.
  • Analyze multiple sources of information, including plan specifications, in order to identify the pertinent facts that describe the arrangement to be purchased.
  • Performs other duties as assigned or required.

 

Essential Business Experience and Technical Skills:

Required:

  • Bachelor's degree or equivalent business experience.
  • Proficient in MS Word, Excel and PowerPoint, and Adobe Acrobat.
  • Strong analytical, problem solving and research skills.
  • 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 and with regulators and state departments of insurance.
  • Strong interest in identifying opportunities for continuous improvement, including digital/automated business solutions, integrating technology and process improvements.
  • Competent level of contract knowledge and technical writing skills.
  • Knowledge of the regulatory requirements and procedures for the development and filing of compliant contract forms associated with group annuity business.

 

Preferred:

  • Paralegal or similar legal experience. 
  • 5-7 years of contract development, compliance, legal or relevant business experience.
  • Knowledge of Stable Value business, defined contribution plans, and ERISA is a plus.
  • JD is a plus.

 

Business Category

Contract Development

 

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 $651 billion of total assets under management as of September 30, 2020. We are ranked #48 on the Fortune 500 list for 2020. In 2019, we were named to the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. DJSI is a global index to track the leading sustainability-driven 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 #: 116515

 


Nearest Major Market: New York City