Director Actuary RIS R D Strategy
About The Position
We are seeking a proactive, innovative, data-driven, creative thinker who thrives in a dynamic environment and connects the dots across complex business processes. Reporting to the Vice President, Retail Annuity Reinsurance and R&D, this position plays a key role to accelerate profitable business growth and optimize shareholder value across Retirement Income Solutions (RIS). Key projects may include analyzing new regulatory frameworks and their impacts on RIS products, new product development initiatives, new market entry strategies and development of new and innovative capital strategies. The role provides an opportunity to drive and execute these initiatives independently by working closely with various teams (including but not limited to reinsurance, treasury, risk, actuarial, finance, investments, legal, and operations). This is a highly visible role within the organization and can drive significant shareholder value.
Requirements
- Bachelor's degree in actuarial science, math, statistics, economics, or related discipline
- FSA, ASA or CFA with 5+ years of insurance industry experience with comprehensive business knowledge
- Strong financial modeling, analytical, and problem-solving skills
- Ability to operate effectively in a matrixed environment
Nice To Haves
- Prior experience in innovation or launch of new products/markets
- Experience in institutional products
- Functional experience in R&D or ALM or Reinsurance
Responsibilities
- New & emerging regulatory frameworks - Analyze and develop strategy for implementation of new regulatory frameworks (ex. Principle-based reserving (PBR)) for RIS products; Analyze current ALM, reinsurance and pricing strategies under new regulatory frameworks and partner with relevant teams to implement new frameworks into pricing models
- Reinsurance strategy - Develop & modify reinsurance strategy for various RIS products utilizing affiliate and third-party reinsurance vehicles
- New product development - Pricing & early product assessments for new RIS growth markets, with a particular focus on longevity reinsurance, funded reinsurance, and retail annuity reinsurance
- Capital management - Lead the efforts to improve capital efficiency and enhance the business value for RIS
- Stakeholder collaboration - Collaborate with Reinsurance, Treasury, Risk, Actuarial, Finance, Investment, and other relevant business functions to ensure timely completion of key initiatives; Provide guidance to other team members in conducting financial modeling and pricing analysis for the reinsurance and product development initiatives
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!
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Director
Industry
Insurance Carriers and Related Activities
Number of Employees
1,001-5,000 employees
