Actuary - Annuities Pricing

This position will be key member of the Annuities line of business of Retirement Income Solutions (RIS). Retirement and Income Solutions (RIS) provides guaranteed income to individuals in a predictable and low risk way and helps companies reduce their risk and remain financially strong. The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of risk solutions, investment and annuity-type products, including US Pensions, Structured Settlements and institutional income annuities which make up the Annuities business.

The successful candidate will provide actuarial, pricing and technical support to the Annuity business teams, evaluate risk, and ensure profitable growth. This role will support all three businesses, with the Structured Settlement business as the primary area of focus.

• Pricing and profitability analysis of individual cases and ratebooks, which involves financial modeling of liability cash flows, reserves, and capital, providing pricing recommendations, detailed model review, explanation of metrics, and performing sensitivities.
• Partner with business leads and provide guidance to optimize sales and financial metrics
• Partner closely with investments, finance, risk, and actuarial to identify and implement strategic opportunities, pricing framework changes, and/or modeling updates
• Analyze experience for pricing assumptions and monitor on-going sales; suggest, challenge, and implement updates
• Proper documentation of all work and models, including assumptions, processes, methodology and results; detailed model validation and review; produce clear, concise summaries and decks of analysis/recommendations to share with peers and senior leaders
• Produce standardized reporting and metrics for new sales and inforce on a monthly & quarterly basis, including Value of New Business
• Perform contract reviews and create actuarial and self-support memos
• Support and enhance business processes by identifying and implementing automation opportunities for tasks, including non-actuarial areas

Essential Business Experience and Technical Skills:

• Bachelor’s degree in actuarial science, mathematics, statistics, or related discipline
• 6+ years of experience in an actuarial / experience analysis role, including programming and/or modeling experience
• Associate of the Society of Actuaries
• Extremely strong computer / technical / programming skills using Excel, macros, Visual Basic, data analysis, and working with large pricing models
• Strong analytical, financial modeling and problem-solving skills
• Strong verbal and written communication skills, including PowerPoint
• Demonstrated ability to think “outside the box” and challenge the status quo
• Near or recent attainment of Fellow of the Society of Actuaries (preferred)
• Experience pricing or reserving of annuities or other insurance products (preferred)
• Background performing and analyzing experience studies (preferred)
• Strong programming skills, especially with Microsoft Excel, Visual Basic, and SQL (preferred)
• Demonstrated ability to handle multiple assignments while meeting tight deadlines (preferred)
• Demonstrated ability to work both independently and in a team environment (preferred)

About 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.

The wage range for applicants for this position is $109,700 min to $146,200 mid. 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.

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.

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.