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Actuarial Associate - Actuarial Development Program

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Date Posted: May 13, 2022

Location(s): Whippany, NJ, US, 7981

Company: MetLife

Role Value Proposition: 

MetLife’s US Actuarial Development Program (ADP) focuses on developing future leaders of MetLife who will create innovative business solutions based on actuarial principles and contribute to the success of the company. As part of the professional development process, participants (known as “actuarial students”) are expected to rotate to new actuarial assignments approximately every two years within core areas of MetLife’s businesses. Work experience gained will enable participants to become well-rounded actuaries and knowledgeable in several areas of actuarial practice. Such areas of practice may include product development, pricing, valuation, actuarial modeling, risk management, asset liability management, finance, investments, underwriting, emerging actuarial issues, technology, data analysis, and auditing. The Actuarial Development program will provide study days and other support to participants to help them pass their actuarial exams. As a student in the ADP, participants are expected to balance their work responsibilities with their actuarial studies.

 

This position in the Investments Department (Affiliated Insurance Companies – Investment Management group) will be responsible for devising optimal investment strategies for pricing MetLife’s products, including PRT, Structured Settlements, GICs, and other liabilities.  The investment strategies, including expected yield, spread, and asset capital are important inputs into the pricing of MetLife’s new business.  The individual in this position would assist in performing portfolio optimizations and work closely with representatives from MetLife Investment Management (MIM), Global Risk Management (GRM), Retirement & Income Solutions (RIS), and Finance.

 

Key Responsibilities:  

  • Responsible for calculations, data analysis, and risk evaluations that are actuarial in nature.
  • Responsible for initiating, organizing, and coordinating data and making recommendations to team members based on their research.
  • Prepare for and take challenging actuarial exams administered through the Society of Actuaries (SOA) and work towards becoming qualified as Fellows of the SOA (FSA designation).

 

Essential Business Experience and Technical Skills:

Required:

  • Bachelor's degree in actuarial science, mathematics, statistics, financial engineering or a related field
  • GPA of 3.3 or higher
  • Passed exam P.  Additional passed exams may be required based on the particular position being filled
  • A strong interest in and good understanding of investment products and derivatives
  • Committed to completing the Society of Actuaries' educational requirements to attain the FSA designation. This can be illustrated through passed exams, work experience, affiliation with actuarial organizations and clubs, and analytical degrees
  • Strong leadership skills
  • Strong verbal and written communication skills

 

Preferred:

  • Strong computer/technical skills, knowledge of one or more programming languages

 

Business Category

Actuarial Development Program

 

Number of Openings

1

 

PRGADP

 

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 #: 124750