Description

Description and Requirements

Role Value Proposition:

This actuarial position will play an integral role on the Risk Solutions pricing team within Retirement Income Solutions (RIS). The Risk Solutions business has a wide variety of products, including UK Reinsurance, Specialized Benefit Resources, and Post Retirement Benefits.

The successful candidate will report to the VP Risk Solutions Pricing lead and support the quantitative analysis in underwriting, pricing, and closing in alignment with MetLife's enterprise strategy. This is a visible role to senior leaders within the RIS Leadership Team and other business & corporate functions, allowing opportunities to influence management decisions and drive results. This role will lead the pricing across the UK Reinsurance product, focusing on underwriting and pricing longevity and funded reinsurance transactions. The role will work closely with all RIS business and functional partners, including actuarial, investments, operations, legal, risk and finance. The candidate will help create value to RIS through new business pricing with their skillset to evaluate and price risk with appropriate returns. There is the potential for this candidate to use their leadership skillset to guide and manage a small team of actuaries.

Key Responsibilities:

• Underwriting including using a predictive mortality model and deal specific mortality experience analysis
• Presentations and discussions with key stakeholders to agree on mortality assumptions
• Financial modeling of liability cashflow, reserve, asset return, capital projection, and risk sensitivities
• Analysis of pricing metrics including return on investment, value of new business, and capital deployed
• Support the pricing strategy and collaborate with business leaders at pricing governance meetings
• Potential to lead a small team of actuaries within new business underwriting and pricing for UK Reinsurance
• Interact with external clients through discussions on active and potential future transactions
• Partner closely with business lead, R&D team, investments, finance, risk, legal, and other corporate functions to structure deals to optimize profitable opportunities for MetLife

Essential Business Experience and Technical Skills:

Required:

• Strong presentation and written communication skills
• Analytical, financial modeling and problem-solving skills
• Leadership qualities to potentially guide and manage a small team
• Ability to operate effectively in a highly-matrixed environment
• 7+ years of experience in insurance and or reinsurance
• Fellow of the Society of Actuaries
• Bachelor's degree in actuarial science, math, statistics, economics, or related discipline

Preferred:

• Experience pricing for group annuity risks and with case specific mortality underwriting
• Experience using Prophet

The expected salary range for this position is $137,000 - $182,600. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.

Benefits We Offer

Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!

About MetLife

Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World's 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, 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. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!

MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").

If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug-free workplace.

$137,000 - $182,600


Requisition #: 12752

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