Managing Actuary - US Pensions

Job Location: United States : New York : New York

Alternate Job Location: Not Applicable : Not Applicable

Work Arrangement: Virtual

Role Value Proposition: 

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 individual and institutional customers. We’re united by our purpose to help our customers and each other create a confident future; we’re guided by empathy; and we’re inspired by each other to make a difference in the lives of our coworkers, customers, communities, and the world at large. At MetLife, it’s #AllTogetherPossible. Join us! 

This position will be a key member of the U.S. Pensions Product team supporting several important initiatives primarily focused on Bulk Check pension closeouts. This role will also prepare analysis for approval of large or unusual PRT cases requiring approval from senior leaders and the Enterprise Steering Committee. The role will work closely with all RIS business and functional partners, including Operations, Pricing, Actuarial, and Finance.

Key Responsibilities: 

• Lead a team responsible for annual reconciliations of client and MetLife data for all bulk check arrangements.
• Oversee research and resolution of discrepancies in benefit accounts and participant data.
• Review internal reports to ensure accuracy of retirement commencements.
• Support ongoing management and reporting for legacy group annuity contracts.
• Lead efforts to help continue to create new and enhanced tools to aid in automation and quality control processes and ensure efficient management of in-force business.
• Develop expertise related to the technical aspects of participant benefits and pension contracts.
• Provide support to internal partners on all bulk check related pricing issues.
• Perform post-sale pricing related functions for certain bulk check cases such as analyzing price variance and handling amendment calculations.
• Develop pricing sensitivities and ad-hoc scenario analyses required for governance and approval of large or unusual PRT cases, including preparation of presentations for senior leaders and the Enterprise Steering Committee
• Provide actuarial support to transaction managers on issues that may surface during the new business bidding process.
• Complete special or adhoc projects to support the US Pensions business.

Essential Business Experience and Technical Skills:

Required:

• Experience building new processes and process improvements: self-starter, ability to work independently and comfortable with learning and challenging existing processes
• 5+ years of experience
• Strong project management skills
• Strong verbal and written communication skills.
• Strong quantitative and financial skills
• Understanding of annuity products and pension benefits preferred
• Proficiency in Alteryx, Python or other programming skills preferred.
• Attention to detail and accuracy.
• Relationship Building Abilities

 Preferred:

• Proficiency in Alteryx, Python or other programming skills preferred.
• Bachelor's degree in actuarial science, mathematics, statistics, or a related field

Assignment Category

Full Time

Business Category

US Business

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.

The wage range for applicants for this position is $96,900 to $146,200. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.

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.