Brighton

Part Qualified

Qualified

Senior Actuary

Life

Health

Products

Reporting

Python

Modelling

Experience Analysis

Pricing

Excel

Alteryx

MetLife is a prominent global insurance and financial services company. Founded in 1868, it offers a wide range of products, including life insurance, retirement planning, and employee benefits. With a presence in over 40 countries, MetLife serves millions of customers worldwide, providing financial security and protection against uncertainties. It is known for its strong brand, customer-centric approach, and commitment to innovation.

MetLife

<article class="article article--details article--separator-not regular-fields--cols-2Z">City/Cities: BrightonWorking Schedule: Full-TimeWork Arrangement: HybridTravel Required: 10%Relocation Assistance Available: NoPosted Date: 02-Jul-2025Job ID: 9758</article><article class="article article--details">Description and RequirementsThe Team You Will JoinThe Senior Pricing Actuary role involves managing actuarial pricing, modelling and reporting in the UK Product team across Employee Benefits and Individual Protection. This includes pricing for product developments, reinsurance arrangements, model development, financial reporting, experience analysis and working closely with other functions.The OpportunityThe Senior Pricing Actuary leads actuarial pricing, modelling, and reporting for Employee Benefits and Individual Protection. This role is crucial for optimizing reinsurer relationships, ensuring accurate financial modelling, and contributing to product development.This position provides essential actuarial expertise to support pricing strategies and ensure product financial stability, maintaining our competitive edge.The Senior Pricing Actuary supports MetLife's mission to enhance customer wellbeing by developing robust pricing models and accurate reporting for sustainable insurance products.Joining MetLife offers a dynamic environment where contributions are valued. This role provides professional growth and the chance to impact the company's financial health. Success requires strong technical skills, analytical thinking, and effective communication.The ideal candidate will excel in financial modelling, actuarial principles, cross-functional teamwork, and leadership, including mentoring part-qualified actuarial students.<ul><li>Lead actuarial pricing, modelling, and reporting for Employee Benefits and Individual Protection.</li><li>Develop towards succession of the current Head of Pricing and deputize for the Head of Product, Data and Underwriting.</li><li>Optimize relationships with internal and external reinsurers.</li><li>Ensure accurate reflection of reinsurance arrangements and capital calculations in models.</li><li>Contribute to the product development process and manage product approval documentation.</li></ul>This role collaborates closely with Global Employee Benefits, EMEA functions, and other internal stakeholders. MetLife fosters an environment where every perspective is heard and respected, driving innovation and success through teamwork.How You’ll Help Us Build a Confident Future (Key Responsibilities)<ol start="1" type="a"><li>Financial Modelling and Reporting</li></ol><ol style="list-style-type: lower-roman;margin-left: 62px;"><li>Assist in setting and reviewing actuarial assumptions for pricing.</li><li>Assist in developing and maintaining pricing, reporting, management information and quote models.</li><li>Assist in accurately reflecting all reinsurance arrangements and capital calculations in models.</li><li>Work with Global Employee Benefits, EMEA and other functions to ensure collaboration and success.</li></ol><ol start="2" type="a"><li>Contribute to the Product Development Process</li></ol><ol style="list-style-type: lower-roman;margin-left: 62px;"><li>Assist in calculating financial metrics and participate in experience analyses and assumptions setting, market research and pricing analyses.</li><li>Assist in managing and completing all product approval documentation in conjunction with all stakeholders.</li><li>Assist in ensuring there is a customer focus in all aspects of the actuarial control cycle.</li></ol><ol start="3" type="a"><li>BAU Activities
<ol style="margin-bottom:0cm;margin-top:0cm;" start="1" type="i"><li>Work closely with other members of the Product team to support ongoing product management and monitoring, and reporting responsibilities.</li><li>Collaborate with other functions in the business.</li><li>Support monthly Pricing Forum and product of the pack.</li></ol></li></ol>Relationships with reinsurers (internal and external):Assist in measuring performance of our reinsurers.Assist in maintaining ongoing process to negotiate competitive terms.What You Need to Succeed (Required Qualifications)<ul><li>Fellow of the Institute and Faculty of Actuaries with relevant years’ post-qualified experience.</li><li>Very strong technical background with MS Office, especially Excel VBA.</li><li>The successful candidate must:
<ul><li>Have a strong commercial and strategic mindset.</li><li>Experience in the UK protection market.</li><li>Pay attention to detail.</li><li>Take ownership and personal responsibility for delivering timely, high-quality work.</li><li>Possess strong problem-solving skills.</li><li>Have good communication skills with the ability to interact with different stakeholders.</li><li>Be able to source and collate data, draw conclusions and present findings.</li><li>Learn quickly from experience.</li><li>Ability to work under pressure.</li><li>Experience in managing and coaching/mentoring others.</li></ul></li></ul>What Can Give You an Edge (Additional Skills)<ul><li>Experience with Python, Alteryx, SQL, Access, and other quantitative software packages.</li><li>Innovative and creative mind.</li><li>Good research track record.</li></ul>Benefits We OfferMetLife UK offers a range of benefits to deliver value to our employees and their families, supporting their health, wellbeing and financial security. Our flexible benefits offering provides freedom, choice, and flexibility in the way that you receive your benefits to better suit your lifestyle.Our core benefits include 9% employer pension contributions with up to 4% matching available, comprehensive private medical insurance, income protection insurance, and life insurance.We offer a host of additional benefits that you can choose to buy including critical illness, dental, travel, gadget insurance, annual leave buy/sell, partner life insurance and more.All employees receive a £20 benefits allowance per month to spend on any additional benefits they select.About MetLifeRecognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World’s Best Workplaces, 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 empathy, we’re inspired to transform the next century in financial services.</article>

<ul><li>Job location: Hybrid; Brighton (at least two days in the Brighton office)</li><li>Interviews to commence from 4th October</li></ul>You’ll be joining a business that is expanding, cares about the community and the environment. You will get a 9% pension as standard, increasing to 13% company max contribution (plus your 4% = a 17% pension). You can also get up to 31 days holiday, hybrid working, life assurance - employee, income protection, private medical insurance, mortgage advice, gadget cover, life assurance - partner, critical illness, travel insurance and dental cover.Role Value Proposition:This role involves:<ol><li>Ownership and review of spreadsheet and modelling calculations in the actuarial pricing team</li><li>Provide technical expertise and consultation on modelling problems</li><li>Working closely with the Head of Pricing and Head of Product to deliver satisfactory outcomes</li></ol>Key Responsibilities:<ol><li>Financial Modelling and reporting</li></ol><ol><li>Review actuarial and underwriting assumptions in pricing models</li><li>Monitor experience in our existing book, optimize value</li><li>Engagement with stakeholders across Global Risk Management, EMEA and the UK to achieve success</li></ol><ol><li>Contribute to the Product Development Process</li></ol><ol><li>Lead experience analyses and assumptions setting, market research and pricing analyses</li><li>Manage and complete numerical components of product approval documentation in conjunction with stakeholders</li></ol><ol><li>BAU Activities</li><ol><li>Work closely with other members of the Product team to support ongoing product management and monitoring, and reporting responsibilities</li><li>Collaborate with other functions in the business</li></ol></ol>Essential Business Experience and Technical Skills:Required:<ul><li>Bachelor’s degree in Actuarial Science</li><li>Very strong technical background with MS Office, especially Excel VBA</li><li>The successful candidate must:</li><ul><li>Have a strong commercial and strategic mindset</li><li>Experience in the UK protection market</li><li>Pay attention to detail</li><li>Take ownership and personal responsibility for delivering timely, high-quality work.</li><li>Possess strong problem-solving skills</li><li>Have good communication skills with the ability to interact with different stakeholders.</li><li>Be able to source and collate data, draw conclusions and present findings.</li><li>Learn quickly from experience</li><li>Ability to work under pressure</li></ul></ul>Preferred:<ul><li>Fellow of the Institute and Faculty of Actuaries</li><li>Experience with Python, Alteryx, SQL, Access, and other quantitative software packages</li></ul>About MetLifeAt 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.
We are a company driven by a solid set of principles (see below) and purposes such as diversity, equity, and inclusion. Our working culture provides flexibility and naturally a ‘hybrid’ working model as standard. We are part of the Women in Finance Charter, an initiative set up by the UK’s HM Treasury.We want to benefit from the many positives that come by having a more diverse working culture throughout all levels of seniority and lines of business. Our workforce enjoys excellent benefits, including private healthcare, a brilliant pension, and a host of other benefits to ensure you and yours are kept safe and protected.MetLife Success Principles<ul><li>Build Tomorrow – We change and innovate for sustained performance</li><li>Win Together - We collaborate and empower each other to succeed</li><li>Own It - We deliver for our customers</li></ul>Equal opportunitiesWe welcome applications from candidates of all backgrounds, ethnicities, genders, religions and sexual orientations.We strive to find the best candidate for all positions and a diverse range of applicants ensures we widen our talent pool in order to achieve this.Those with disabilities and neurodiverse conditions, please do let us know about your reasonable adjustments to ensure that we can best meet your needs.For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

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