Associate Actuary Income Annuities

MetLife, Inc. • New York, NY

45d • Hybrid

About The Position

The Retirement & Income Solutions (RIS) Annuity business is seeking an Associate Actuary. Reporting to the Director, Institutional Income Annuity Pricing, this role will provide actuarial and technical expertise for the Institutional Income Annuity (IIA) business. The IIA pricing team is a diverse team of financial professionals utilizing business acumen and financial expertise to create innovative solutions that address our groups customers' retirement income needs. This position interacts closely with all areas of RIS, including Product, Sales, Contract, Operations, as well as with enterprise stakeholders such as Finance, Actuarial, Risk, Investments, and Legal.

Requirements

• Bachelor's degree in mathematics, statistics or actuarial science or related discipline
• 5+ years actuarial experience, including at least 2 years with Annuity and/or Pricing experience
• ASA/Pre ASA designation on Society of Actuaries
• Strong quantitative and communication skills. Able to concisely present orally and in presentations.
• Strategic and analytical thinker with ability to focus on details. Able to quickly spot issues and develop a recommended approach.
• Self-starter with ability to effectively manage and supervise multiple projects and priorities simultaneously
• Strong computer skills (Excel, Access, Visual Basic, Prophet)
• Excellent analytical and spreadsheet skills

Responsibilities

• Perform actuarial, pricing, financial, and technical analysis to supports new & existing business pricing, benefit calculations & operational support, and Sales/Marketing support
• Work with the business on the design and pricing phase for strategic initiatives and RFPs. Independently create custom pricing models, perform assumption reviews, and conduct sensitivity testing.
• Calculate new business pricing results. Provide explanations for deviations & make recommendations on how to address.
• Identify and implement process and documentation improvements, automation, and optimization for new business and inforce pricing-related activities
• Clearly and concisely communicate pricing & calculation results to business and pricing leadership, in both written and oral fashion
• Collaborate with IT to support in-force business management, existing quoting platforms and other emergent technology platforms. Perform leadership role within the Agile team on pricing-related calculations, testing, and strategic improvements
• Lead with RIS Operations to support in-force business including benefit calculations and other business administration needs.

Benefits

• 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!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 1,001-5,000 employees